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CarSpace Jeff Wyler Edmunds BlogSharing news and announcements from the Jeff Wyler Auto Family, as well as useful information for all car enthusiasts! Feb 27, 2009 - Economic Stimulus Bill and New Car Tax DeductionWhile it sounds like a cliche, there really may not be a better time to buy a new vehicle. Used car values are at historical highs, while our used car inventories are incredibly low (we are looking for trade-ins!), meaning trade-ins are bringing in more money. If you go to any of our dealership websites (select the location you are interested in), click on the Blackbook link to get your Blackbook value online. Our new car inventory levels are at an all-time high, and we are making deals that have never before been seen. Read this article from the Cincinnati Enquirer and see for yourself - there has never been a better time to buy a new vehicle! There is also a sales tax deduction for new car purchases this year that is part of the new Economic Stimulus bill. For taxpayers with adjusted gross incomes under $125,000 ($250,000 for joint returns), there is a new deduction for state, local, and excise taxes on the purchase of a new car, light truck or other vehicle up to $49,500 of the purchase price. The deduction, which can be claimed on next year's tax return, is available to tax payers who don't itemize. Our manufacturers are also running incentives and rebates that are incredibly aggressive. High trade-in values, aggressive rebates and incentives, and historically low prices on new inventory - it all points to no better time to buy your new vehicle. Come visit us at http://wyler.com and get the absolute best deals combined with the best Internet experience now!
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