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Buy a Porsche—Get a Tax Credit!

Deidre Woollard, Luxist
Wednesday, 8 Dec 2010 | 11:17 AM ET

Yes, it's true: If you buy a Porsche you can get a Federal tax credit.

The Porsche Cayenne Hybrid for 2011.
Source: porsche.com
The Porsche Cayenne Hybrid for 2011.

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).

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Deidre Woollard is a writer for AOL's Luxist.

Copyright 2010 AOL

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