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Ford Fusion Hybrid Qualifies for $3,400 Tax Credit

Posted: Jan 29, 2009 10:42 a.m.

If an EPA rating of 41/36 mpg, sharp handling for a family sedan, the ability to control your Bluetooth-enabled phone through the car's stereo with voice commands, and a system that teaches you how to drive more efficiently don't convince you to buy a 2010 Ford Fusion Hybrid, then would $3,400 do the trick?

Business Week explains, "Consumers who order or purchase a new 2010 hybrid vehicle from Ford Motor Co. by the end of March are eligible for a tax credit, the company said Wednesday. Purchases or orders of new Ford Fusion and Mercury Milan hybrids made by March 31 will qualify for a $3,400 credit on their 2009 tax returns."

The time limit on the tax break is tight because the credits are available on only the first 60,000 vehicles a manufacturer sells. Once a company hits that magic number, the rebate starts to decline at the beginning of the next tax year. Ford has already sold that many Escape Hybrids, so the rebate on all Ford hybrids starts to fade at the end of March. After that, Autoblog explains, "Beginning in October, the credit will again be cut in half to $850 and the entire amount will be gone starting January 1st of 2010."

Few journalists have been given the chance to drive the 2010 Fusion Hybrid yet, but the early verdict on the car is positive. If you're in the market for a midsize car and interested in hybrid gas mileage, the 2010 Fusion Hybrid should be reaching dealerships just in time for the first buyers to qualify for the rebate - Ford told Business Week that the car will"be in showrooms by March 31, but did not offer pricing details."

If a current Ford product has your eye, you should be aware that Ford is offering some of the deepest discounts we've seen in years this month. Read our best Ford deals page for details.