Buy a Porsche—Get a Tax Credit!
Yes, it's true: If you buy a Porsche you can get a Federal tax credit.
The 2011 Porsche Cayenne S Hybrid, Porsche's first production hybrid, has been certified as being eligible for the Alternative Motor Vehicle Tax Credit as a Qualified Hybrid Motor Vehicle.
That means that buyers who pick one up before the end of the year are eligible for an Alternative Motor Vehicle Tax Credit of $1,800 on their 2010 taxes.
The Cayenne S Hybrid accelerates from 0 to 60 mph in just 6.1 seconds and delivers an impressive EPA-certified 20 mpg city/24 highway.
It has a combined power output of 380 horsepower from the supercharged V6 combustion engine and an electric motor, giving it a performance nearly equal to the Cayenne S which has a 400-horsepower V8. The base price before the federal tax credit is $67,700 (excluding destination).
More from AOL's Luxist:
- Tesla Roadster Art Car by Laurence Gartel
- $13 Million 'Star of India' Rolls-Royce Sells for $850,000
- 2010 White House Gingerbread House Revealed
More on Taxes:
- The Taxes That'd Be Reduced Under Plan
- Blog: Payroll Tax Cut = Obama Shift to Supply Side
- Tax-Stock Strategy: Play the 'January Effect' — Now?
Deidre Woollard is a writer for AOL's Luxist.
Copyright 2010 AOL