Considering a Hybrid Vehicle? Look Into Employee and Student Incentives

Toyota PriusHybrid vehicles offer numerous benefits over traditional vehicles. They are environmentally friendly and provide enhanced fuel mileage. Hybrids waste less energy and are more high-tech and forward-thinking. Yet their biggest drawback for many consumers is their higher initial price tag. In order to get more people on board, federal, state and local governments have developed incentive programs for those who purchase hybrids. Some private businesses have also begun to offer discounts to hybrid owners, ranging from insurance savings to discounted hotel rooms.

Cash Incentives for Employees and Students
If all of this is not enough, you may be able to find additional incentives through your employer or your school. Most of these incentives are in the form of negotiated discounts or rebates on your down payment. Some companies offer one-time cash payments, while others divide the bonus into several monthly or annual payments. Some programs are open only to full-time employees or students, while others are open to part-timers as well. Some require you to have been an employee or student for two years, while others do not have a restriction.

Discounts for Employees and Students
Rather than a rebate check, some companies are choosing to reward hybrid drivers in other ways. Discounted parking is the most common incentive. Some businesses offer a discounted parking pass; others provide no-cost or very low-cost parking on a daily basis. Some programs are open to all, while others are open only to full-time staff and students.

The Bottom Line
The list of companies offering hybrid vehicle incentives to their employees and students is growing on a seemingly daily basis. Before you purchase your Toyota hybrid, take the time to ask your company or school if there is an incentive program. If no program currently exists, you might even plant the seed of an idea to start a program! When you are ready to make your purchase, just stop by our convenient Toyota dealer - Philadelphia.

Need Another Reason to Drive a Hybrid? How About Incentives?

Toyota PriusHybrid vehicles are becoming well-known among today’s car buyers. Environmentally friendly and offering incredible gas mileage, hybrid vehicles have become the cars of choice for many consumers. In general, there is a higher upfront cost for hybrids as compared to traditional vehicles, though the long run savings more than balance out the upfront cost. If you are still on the fence, however, you may be unaware of the incentives for which your hybrid may qualify. From The Hybrid Center, here are a few examples of incentives for hybrid vehicles.

Federal Incentives
Tax Credits — Hybrid vehicles generally qualify for certain tax credits. However, tax law is complicated. It is important to talk to your tax professional to determine what credits you may be eligible to take.

HOV Lane Usage – Federal legislation permits states to allow drivers of hybrids that achieve 45 miles per gallon to use the high occupancy vehicle lanes on highways, even when they are alone. However, each state is entitled to set more restrictive guidelines on the vehicles that can use these lanes. Check with your state to find out the current guidelines.

State and Local Incentives
Many states offer tax credits for the purchase of qualifying hybrid vehicles. In addition, many cities offer free or discounted parking for certain hybrid owners. These parking discounts may apply at meters and/or public parking facilities, and may be extended to all qualifying car owners or only those who purchased the vehicle locally. Contact your local parking office for more information.

Private Discounts
From insurance companies to hotel chains, numerous businesses are extending discounts to hybrid vehicle owners. These discounts can usually be found online or by contacting the company by phone. It is always worthwhile to ask if a discount exists.

Hybrid vehicles offer numerous advantages to their drivers. If you would like to learn more, why not stop by our friendly Toyota dealers - Allentown?