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Mercury C557
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Limited Time >> ACT Before March 31
forgive me for for putting 'MERCURY First'
(and this thread in this section) but
2010 MERCURY MILAN HYBRID
QUALIFIES BUYERS FOR
HIGHEST AVAILABLE FEDERAL TAX CREDIT = $3,400

DEARBORN, MICH., Jan. 28, 2009 – Customers eager to purchase America’s most fuel-efficient mid-size sedans, the 2010 MERCURY MILAN HYBRID (AND Ford Fusion Hybrid), can take advantage of a $3,400 tax credit from the federal government.

Buyers of a new 2010 MERCURY MILAN HYBRID (OR Fusion Hybrid) this year will qualify for the $3,400 tax credit, the highest credit amount ever offered for hybrids purchased or placed in service after Dec. 31, 2005...



more... @ Media.MERCURY.com
OK, it's really ^^^^^ Media.FORD.com, but can anyone really BLAME Me???
 

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^ That's great news for people that will be purchasing these cars.

2b2 I like how you put Mercury first & put Media.Mercury.com That's really the way it should be IMHO. ;)
 

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Will the MIlan be out by 3/31? if you just order it can you claim it?
 

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Will the MIlan be out by 3/31? if you just order it can you claim it?
Several automotive Web articles indicate that you can, but I am not sure that they're right. The summary of IRS regulations that I can find on the IRS Web site, as well as the instruction for Form 8910, do not say anything about it and talk about "purchase." (A lease, it appears, is insufficient.)

What I am planning to do myself with a Fusion Hybrid that I have ordered, if it doesn't come in March (and I don't expect it to) is to talk with the dealer about finalizing the purchase even before it comes in. (I know, it involves more risk on my part, but at a $1,700 difference, I think I should take the risk.) If that doesn't work, I will settle for the $1,700 credit, which is still sizable and $1,700 more than the credit for the Toyota Camry Hybrid.;)
 

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Job1 is Feb2
SOME will be arriving during March.
wouldn't surprise me if Ford puts Hybrids at the front of the queue to fill orders...
...HOPE yours is one of them, Nelson
Thanks. Looking forward to it, but with some mixed emotions. The LS that I'll be trading in has served me well. Too bad that it's not made any more and too bad that there is no MKZ Hybrid.
 

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Job1 is Feb2
SOME will be arriving during March.
wouldn't surprise me if Ford puts Hybrids at the front of the queue to fill orders...
...HOPE yours is one of them, Nelson
I talked with the salesperson this morning; he said that it is not possible to finalize the sale before the car comes in due to liability issues. (I think I can appreciate that; in fact, I think I take more risk than they do by doing that anyway.) He said he'll check on vehicle status and get back to me, and also will try to find out whether if order date controls.

Meanwhile, as to your question in the other thread, 2b2 -- I don't know how the 191 HP figure is computed either, but I assume that it's taking the 155 HP rating on the I4 Atkinson engine itself and combine it with whatever the equivalent power of the electric motor.
 

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OK LMdealer,stop taunting me with the Milan Hybrid. It hurts me to know I still have 16 more payments till the next girl in my life.

My current girl though is dirty after these snow storms and needs a wash and cleansing, but she still looks great to me.
 

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Well besides the Milan Hybrid have you gotten any word on when you'll get the first '10 Milans in? I was also just wondering from past posts... you sell Lincoln Mercury AND Ford?
 

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Really, LMdealer. I don't see much happening with the DCJ near me happening, or maybe closing if they get bought out or something? I would like to see you able to order New Fords so I don't have to drive to the other dealer. Nothing wrong with the other, but you are closer.
 

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Mercury C557
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Discussion Starter #13
unOfficial update (from KCM1 @ BON )


Now from the IRS.gov site:
http://www.irs.gov/newsroom/article/0,,id=157557,00.html
This excerpt should clear things up:

"Notice 2006-78 announced the credit phase out schedule for advanced lean burn technology vehicles and hybrid vehicles manufactured by Toyota Motor Sales USA, Inc. (Toyota and Lexus vehicles). For the period of 10-1-06 to 3-31-07, purchasers of qualifying vehicles are eligible for 50% of the allowable credit. For the period of 4-1-07 to 9-30-07, purchasers of qualifying vehicles are eligible for 25% of the allowable credit. The table below includes both the full credit and the reduced credit amount depending upon when the vehicle was purchased.

The date of purchase determines the amount of the credit available for a vehicle, i.e. whether a vehicle is eligible for the full credit or whether a portion of the credit is phased-out. The placed in service date determines the taxable year in which the credit may be claimed.

For example, if consumer A purchases a Prius on Sept. 30, 2006, and takes possession in February 2007, consumer A can claim the full credit for 2007, the year in which the vehicle is placed in service. On the other hand, if consumer B purchases a Prius on Oct. 1, 2006, and takes possession of the vehicle in February 2007, Consumer B can claim 50% of the credit in 2007, the year in which the vehicle is placed in service."


Since the Prius credit was reduced by half on 10-1-06, the consumer B could only claim half, while consumer A buying it one day earlier could claim the full amount. Taking possession of the vehicle is not the determining factor. So by this, if someone buys a Fusion/Milan hybrid no later than 3-31-09, but does not receive it till August, they would still get the $3400 credit. After that, they would get less of a credit. Possession date, or when it is put in service, only affects what year it can be claimed on for taxes.

The official purchase date most likely could be worked out with your dealer at the time of the order to get the credit. I would think putting down a deposit would be enough to determine the purchase date, or the full amount surely would. I suppose this would just be up to what the dealer is willing to do to help the customer out, essentionally what they will put down in writing as the purchase date.

Additional reference information on the subject and on claiming the credit:
http://www.fueleconomy.gov/feg/tax_hybrid....#phaseoutAnchor
 

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