Stimulus Package Auto Tax Deduction Expires 12/31/2009

Update! The automotive sales tax deduction expires at the end of December! Read below for details!

So here is the official release of the Economic Stimulus Package regarding auto sales tax deductions. I hope you find all of the information you need and yes this does apply to new Toyotas!

February 17, 2009
CONSUMER AUTO INCENTIVE INCLUDED IN FINAL STIMULUS BILL (H.R. 1) “AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009”
***NOTE: INCENTIVE EFFECTIVE UPON PRESIDENT’S SIGNATURE***
Today, the President is expected to sign the American Recovery and Reinvestment Act of 2009. Upon becoming law, car buyers will be permitted to deduct sales/excise tax from their yearly income tax bill for vehicles purchased before the end of this year.
What Taxes are Deductible? 1

State Motor Vehicle Sales

Local Motor Vehicle Sales

Motor Vehicle Excise Taxes
What Customers Qualify for the Deduction?

Individual customers with modified adjusted gross income of less than $125,000 or joint-filers making less than $250,000 a year in 2009 would qualify for the deduction.

Deductible as an “above the line” (for itemizers and non-itemizers) deduction on federal tax return.
Effective Date

New vehicle purchases shall apply to purchases on or after the date of enactment
(expected February 16, 2009) until Dec. 31st, 2009.
What New Vehicles Qualify for the Deduction?

Any new vehicle under 8,500 pounds gross vehicle weight.

New vehicles of any model year – when the original use commences with the taxpayer.

Any vehicle sold for under $49,500 qualifies for the full deduction. Consumers may deduct sales taxes on the first $49,500 of any vehicle sold above this price.
THIS IS A GENERALIZED SUMMARY. For more specific information on eligible customers, taxes and applicability, dealers are encouraged to consult with a qualified tax attorney or professional.
1 “For purposes of this section, the term ‘qualified motor vehicle taxes’ means any state or local sales or excise tax imposed on the purchase of a qualified motor vehicle.”- (Text of H.R. 1)
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New Toyota Prius Features

Ok everybody, I have been away from the blog but I promise I will be here on a regular basis. Here is some cool stuff about the new Prius.


EMBARGO DATE: JANUARY 12, 2009 AT 11:30 A.M. EASTERN TIME

TMS – – 003 – – 09

TOYOTA REVEALS ALL-NEW PRIUS

DETROIT, January 12, 2009 — Toyota Motor Sales (TMS), U.S.A., Inc.,

unveiled the all-new 50-mile-per gallon rated third-generation Prius hybrid vehicle

today at the 2009 North American International Auto show.

Celebrated as the benchmark for cars of the future, the Prius has

delivered superior fuel economy and ultra-low emissions to more than one million

owners worldwide for more than 10 years.

The midsize third-generation 2010 Prius will offer even better mileage

ratings, enhanced performance, and innovative design features. It will be quieter,

roomier, and equipped with advanced standard and available features such as a

moonroof with solar panels, four driving modes, Intelligent Parking Assist (IPA)

and steering wheel touch controls that display on the instrument panel.

An Eco-Icon

The first-generation Prius entered the market in 1997 as the world’s first

mass-produced hybrid. The name Prius, “to go before” in Latin, became symbolic

of a car that was launched even before environmental awareness had become a

mainstream social issue.

From the beginning, Toyota’s full-hybrid system was developed in-house

and has become a driving force behind advanced vehicle technology. The

company’s exclusive Hybrid Synergy Drive System was introduced in 2004 on

the second-generation Prius. Since then, more than 670,000 have been sold in

the U.S.

-more2010

Toyota Prius 2-2-2-2

In designing the new, third-generation Prius, Toyota engineers combined

a careful refinement of existing systems with an aggressive measure of new

technology necessary for the future of automobiles.

Fuel Economy and Environmental Performance

The new Prius will be built using processes that reduce pollution in every

stage of vehicle life, from production and driving, through to disposal.

The third-generation Prius extends its record of continuous improvement

in fuel economy. The first-generation Prius, which was rated 41 EPA combined

mpg, was replaced by the current model, which is EPA rated at 46 mpg,

combined city/highway. Using a combination of technologies, fuel efficiency was

increased to an estimated 50 miles per gallon for the new Prius.

A larger and more powerful 1.8-liter Atkinson-cycle, four-cylinder engine

will power the new Prius. Contrary to conventional wisdom, the larger engine

actually helps improve highway mileage. By making more torque, the new engine

can run at lower average rpm on the highway. When operating at lower rpm, the

new engine uses less fuel. Mileage is especially improved in cold-start conditions

and at higher speeds.

Use of an electric water pump and a new exhaust gas recirculation (EGR)

system also contribute to the engine’s efficiency. The 1.8-liter Prius engine is the

first Toyota power plant that requires no belts under the hood for better fuel

economy and less potential maintenance.

A multi-information display panel that monitors fuel and energy

consumption is standard. It provides feedback on the Prius’ efficiency using

three different displays to help the driver acquire economical driving habits.

Unlike most other hybrid vehicles available, Prius has been a “full” hybrid

since introduction. This allows it to run on engine alone, battery alone, or a

combination of both. The system blends the best of parallel hybrid and series

hybrid designs to achieve the ability to operate on the electric mode alone, and to

charge the batteries while the car is running.

-more2010

Toyota Prius 3-3-3-3

The patented Hybrid Synergy Drive system in the 2010 Prius is 90 percent

newly-developed with significant improvements over previous models.

The transaxle is lighter in weight and reduces torque losses by as much

as 20 percent compared to the previous model.

The inverter, which converts direct current to alternating current, has a

new direct cooling system to reduce size and weight.

Taken together, the inverter, motor and transaxle are smaller and 20

percent lighter.

A newly developed electronically controlled regenerative braking system

has been adopted, with control logic optimized to enhance regeneration.

The new Prius will offer three alternative driving modes. EV-Drive Mode

allows driving on battery power alone at low speeds for about a mile, if conditions

permit. There is also a Power Mode, which increases sensitivity to throttle input

for a sportier feel, and an Eco Mode, which helps the driver achieve their best

mileage.

Cutting Edge Styling

In designing the new Prius, aerodynamic performance was an important

factor. The goal was to create a beautiful silhouette, while not compromising

function. Designers preserved the dynamic triangle form of the

current model–instantly recognizable as a Prius–but made alterations to the

overall profile, pillar position and angle. The front pillar, extended forward, helps

refine the performance-focusing, shaped form.

The overall height of the Prius is the same, but the roof profile is altered by

moving the top of the roof 3.9 inches to the rear. This emphasizes the wedge

shape, and also allows for enhanced rear headroom and improved

aerodynamics.

– more –

2010 Toyota Prius 4-4-4-4

The design of the new Prius’ front and rear corners are sharp, sporty and

aerodynamic. Strong side character lines, rising from front to rear, define the

glazed geometric shape. Viewed from the rear, wider rear treads provide a solid,

firmly rooted stance.

Dimensionally, the new Prius has the same wheelbase as the current

generation. Overall length is slightly increased by 0.6 inches, in part by moving

the front cowl forward.

World’s Lowest Cd

The new Prius received more wind tunnel hours of testing than any other

Toyota in history, resulting in the cleanest aerodynamic profile of any massproduced

vehicle in the world. By focusing on the shape of the body, underfloor,

wheelhouse liner and shape of the wheels, the designers of the new Prius were

able to reduce the coefficient of drag (Cd) value to 0.25, compared to 0.26 for the

previous model. The airflow under the car was studied extensively. Engineers

made changes to the shape of the fender liner, front surface of the underfloor,

and added a fin at the rear floor cover to increase linear stability.

Advanced Equipment For a New Era

An available sliding glass moonroof is packaged with solar panels, located

over the rear seating area, that power a new ventilation system. This solar

powered ventilation system uses an electrically powered air circulation fan that

does not require engine assist. The system prevents the interior air temperature

from rising while the vehicle is parked, making the cool-down time shorter when

the driver returns to the vehicle, thus reducing the use of air conditioning.

The remote air-conditioning system is the first system in the world to

function on battery-power alone and that can be remotely operated, so the driver

can adjust the interior temperature for comfort before getting in the car.

– more –

2010 Toyota Prius 5-5-5-5

Reducing the vehicle’s power consumption, available LED (light emitting

diode) lamps are used for low beams and also in the tail and stop lamps. Air

conditioning, a major energy drain, has been re-engineered to increase efficiency

and cool-down performance. In addition, an exhaust heat recirculation system

reduces heat waste by warming engine coolant during cold startup, for improved

performance. It also heats up the passenger cabin more efficiently.

Enhanced Vehicle Performance

The next-generation Prius is built on a new platform, which enables

improved handling stability, quieter operation, and collision safety. The

suspension consists of front struts and a rear intermediate beam design, as

before, but handling stability is advanced by improving the stabilizer layout,

higher caster angle and tuning the bushing characteristics. Disc brakes are now

used on all four corners, replacing the front disc/rear drum brakes in the current

model.

Weight was saved through use of aluminum in the hood, rear hatch, front

suspension axle and brake caliper and super high-tensile steel in the rocker

inner, center pillar, and roof reinforcement. To meet customer expectations for

everyday performance, zero-to-60 acceleration has been improved to 9.8

seconds, more than a second faster, in internal testing.

Better-performing sound insulation, working with improved vibration

damping, has been installed in various locations to reduce road noise.

Functional Interior Is Bigger on the Inside

Proving that small changes add up to big gains, the cargo area of the new

Prius was expanded 0.4 inches in length and 2.2 inches in width by using a new

and an improved layout of the battery cooling unit.

Rear seat legroom is enhanced by a new space-saving contoured frontseat

design.

– more –

2010 Toyota Prius 6-6-6-6

Viewed from the cockpit, the center cluster smoothly flows from the

instrument panel to the console. Handy storage space has been added under the

shift lever by taking advantage of the shift-by-wire system. Simple, fin-type air

vents are consistent with the cabin’s efficient appearance. Judicious use of silver

accents adds a finished, technical feel.

Touch sensors on the steering wheel switches are designed to reduce

driver eye movement for better concentration on the road. When the driver

touches the audio or info switch located on the steering wheel, a duplicate image

is displayed on the instrument panel, directly in front of the driver. This system,

called Touch Tracer, is the first system in the world to allow steering wheel

controls to read out on the instrument panel.

The ECO indicator on the Multi-Informational Display (MID) provides driver

feedback for lower fuel consumption.

In pursuit of developing various advanced technologies aimed at realizing

sustainable mobility, Toyota will use plant-derived, carbon-neutral plastics in the

2010 Prius. The newly-developed plastics, known as “ecological plastic,” will be

used in the seat cushion foam, cowl side trim, inner and outer scuff plates, and

deck trim cover. Ecological plastic emits less CO2 during a product lifecycle

(from manufacturing to disposal) than plastic made solely from petroleum; it also

helps reduce petroleum use.

Safety Enhancements

The new Prius was designed to comply with class-top level collision safety

performance in each global region of sale, and to accommodate increasingly

strict safety requirements in the future.

In addition to advanced driver and front passenger Supplemental Restraint

System (SRS) airbags front and rear side curtain airbags, driver and passenger

seat-mounted side airbags and driver’s knee airbag are standard equipment.

– more –

2010 Toyota Prius 7-7-7-7

Active headrests are used in both front seats to reduce the possibility of

whiplash in a collision. Anti-lock Brake System (ABS), Electronic Brake

Distribution (EBD), Brake Assist (BA), electronic traction control (TRAC) and

Vehicle Stability Control (VSC) are included with Toyota’s standard Star Safety

System.

Dynamic Radar Cruise Control system, using advanced millimeter wave

radar, is an available option. The system also enables Lane Keep Assist, which

helps the driver stay safely within the lane, and the Pre-Collision System, which

retracts seatbelts and applies the brakes in certain conditions when a crash is

unavoidable.

Next-generation Intelligent Parking Assist features simplified settings to

help guide the car into parking spaces.

A backup monitor, which provides a view of rear obstacles when reverse

is engaged, is available with an optional voice-activated navigation system.

Safety Connect, Toyota’s first safety and security service, includes automatic

collision notification, stolen vehicle locator and an SOS call button. Safety

Connect will be available a few months after launch.

The development of the Prius has required applications for over 1,000

patents filed across the world, of which 292 are U.S. applications.

Pricing for the 2010 Prius will be announced shortly before it goes on sale

late spring.

# # #

2010 Toyota Prius 8-8-8-8

2010 PRUIS PRELIMINARY SPECIFICATIONS

POWERTRAIN

1.8-liter four-cylinder engine with VVT-i

Engine horsepower: 98 hp @ 5,200 rpm

Engine torque: 105 lb-ft @ 4,000 rpm

Electric motor: Permanent magnet synchronous motor

Electric motor power output: 80 hp/153 lb-ft torque

Hybrid system net horsepower: 134 hp

Emission rating: SULEV (with AT-PZEV)

Electronically controlled continuously variable transmission

Drive System: Front-wheel-drive

Hybrid battery pack: Nickel-metal hydride

Estimated fuel economy: 50 mpg (combined)*

DIMENSIONS (inches)

Overall Length: 175.6

Overall Width: 68.7

Overall Height: 58.7

Wheelbase: 106.3

Ground clearance: 5.5

Coefficient of Drag: 0.25

Wheels: 15-inch alloy wheels

17-inch alloy wheels (optional)

Tire Size: 15-inch: 195/65R15

17-inch: 215/45R17 (optional)

Seating Capacity: 5

EPA class rating: Midsize

* Preliminary figure based on Toyota’s internal testing. Actual mileage will vary.