With all the tax credits going around, you might have missed the newest one: A tax credit for buying a brand-new Golf Cart.
Now that you got that $8,000 federal tax credit for buying a new house, received that $5,000 back for trading in a “clunker”, it’s now time to get another $5,000 back when you buy a “must-have necessity” Golf Cart.
The Wall Street Journal states the following:
“The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart”… “the federal credit is generous enough to pay for half or even two-thirds of the average sticker price of a cart, which is typically in the range of $8,000 to $10,000. “The purchase of some models could be absolutely free,” Roger Gaddis of Ada Electric Cars in Oklahoma said earlier this year. “Is that about the coolest thing you’ve ever heard?”
WSJ also mentions that there is no limit on the amount of Golf Carts that you can buy under the rebate program. As a result, as one would expect, some people are trying to pile up on the Carts in order to make a sale at a later time for a profit. Talk about loopholes.
Makes you wonder…
The U.S. government has repeatedly stated that it is sided with “main street” and the common American citizen. However, how many “average” Americans buy or need Golf carts?
So, we’re increasing our national debt, destroying the dollar, and likely increasing future taxes so we can all ride around new Golf Carts.
On another note, I would also say that the benefits from having more efficient cars (i.e. “cash for clunkers”) does not extend to Golf carts. “Cash for Clunkers” had its controversies, but at least it made some sense in regard to environmental issues and reducing our “dependency” on oil.
On my way to buy a new Gold Cart…
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None of the current big three golf cart makers (EZGO, Club Car, Yamaha) make a cart that qualifies for the tax brake. The NEVs that qualify can not be driven on a golf course. To meet the requirements you must have seat belts, lights, turn signals and most safty items that are on a car.
The price for most NEVs that qualify for the tax break start a $12,500 and up. Learne more about golf carts http://www.golfcarthotrod.com/