New Car Rebate Blogs
As gas prices rise and carbon emissions increase, we should celebrate this Earth Day by considering an alternative, an electric vehicle. Many people believe that electric cars are too costly for purchase or lease, but that may not be the case. Costs have come down dramatically since the release of the electric vehicles, such as the Nissan Leaf, Chevy Spark and the Honda Fit EV. For example, the Nissan Leaf was nearly $40,000, when it was released, but now has a list price under $30,000, with some offering it for under $28,000.
Additional savings come in the form of rebates and tax credits. Every all-electric cars carry a $7500 federal tax credit which you receive get if you lease a vehicle. Some states have additional incentives, including an immediate rebate of $2500 in California. Not to mention that operating costs are also lower with electric vehicles. Consumer Reports estimates that the Nissan Leaf costs 3.5/mile to drive versus 12 cents/mile for gasoline powered vehicles that average 32 MPG. It costs about $40/month in electricity costs for charging the car, less than the cost of one tank of gas for most cars.
Find out more information about electric vehicles and get a price quote on Earth Day at www.CarDealerRebates.com
The electric car boom seems to be a regional phenomenon. California leads the way with up to $1500 rebates for purchasing environmentally friendly, green vehicles. The state has issued over 100 million dollars in rebates since the program began, and it is estimated they will need another 25 million dollars to pay upcoming requests. California’s legislature is poised to make a change to the rebate program, which will not allow the rebates for vehicles costing more than $60,000. This move serves two purposes, diverting more rebates to lower income buyers and slowing down the number of requests for the rebate.
Tesla has a special interest in this change as their Model S would be significantly impacted. Tesla estimates they could lose as many as 2500 sales per year, slowing down their production and profits. Multiply that by the Model S’s 70,000-95,000 price tag and you can see why they are concerned. But one must wonder how much of an impact $1500 has on car buyers or lessees who are purchasing a 80,000 vehicle.
If you want more details on eco-friendly vehicles like the Tesla Model S, Chevy Volt or Nissan Leaf, get a free quote from www.CarDealerRebates.com today!
