Looking for a Chevy Volt in Colorado?
In December 2012, the Colorado Department of Revenue discontinued a state tax credit that applied to alternative fuel, hybrid and plug-in hybrid vehicles like the Chevrolet Volt available at Medved Autoplex.This did not sit well with John Medved, the owner of Medved Autoplex and he was one of the first representatives of a dealership to start to reach out to the State of Colorado, the Colorado Automobile Dealers Association and various vehicle manufacturers to begin the process of getting the tax rebate reinstated for the residents of Colorado.
Thanks to the efforts of Mr. Medved and others, a bill sponsored by Colorado House of Representatives member Cristana Duran (D-District 5) and Colorado State Senator Michael Johnston (D-District 33) made its way through the legislature and was signed by Governor John Hickenlooper on May 15. With the simple stroke of the pen, Gov. Hickenlooper made House Bill 13-1247 or The Innovative Motor Vehicle Tax Credit a reality and reinstated the tax credit for environmentally friendly vehicles like the Chevrolet Volt.
Why is this great news for you? If you are in the market for a new car and are considering the purchase of a Chevy Volt you could earn up to $13,500 in tax rebates; Up to $7,500 in Federal tax incentives and up to $6,000 from the newly reinstated Colorado State tax rebate. Keep in mind the Federal rebate is non-refundable, but the State of Colorado tax credit is refundable. Also, The Innovative Motor Vehicle Tax Credit can be had whether you decide to lease or buy a Chevrolet Volt. The sales and finance professionals at Medved Autoplex are more than happy to work some numbers for you to present to your licensed tax preparer; that will ultimately help you determine how much tax relief you can expect to get.
The Chevrolet Volt is the ONLY ER-EV, or Extended Range Electric Vehicle and has truly paved the way for making it practical to own or lease an Electric Vehicle. The powerful battery pack can propel the car for 35-45 miles on strictly battery charge, after that battery has been sufficiently used up the gasoline-powered engine kicks in and extends the range of the Chevy Volt for another 300 miles. All of this adds up to an attractive fuel-friendly vehicle to take home, even if it were not for these fantastic rebates
Please remember for the official tax implications of these rebates, contact your regular tax preparer or accountant. What we offer here is not tax advisement and is meant for informational purposes only.
Medved® Autoplex is a new and used car dealer serving Denver Colorado. If you are looking to buy a new car in Denver CO you have come to the right car dealership. We believe that those of you buying cars in Denver deserve a great experience. Don't get caught in the games that other car dealers play. Get the respect and price you deserve from Medved Autoplex today.
Whether you are in the market for a Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Jeep, RAM, VPG in Denver Colorado or a used car, Medved Autoplex can help you find the car that fits your needs. We have genuine sales people who know about the different types of cars, trucks, vans, SUVs, crossovers and their features. If you have any questions on a particular Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Jeep, RAM, VPG let us know and we can answer your questions right away.