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2010 Ford Fusion Hybrid tax credit: will there be time to cash in?

2010 Ford Fusion Hybrid

2010 Ford Fusion Hybrid

Thinking of buying that 2010 Ford Fusion Hybrid (or its cousin Mercury Milan) which all the car magazines have been gushing over? Probably not a bad idea. Not only will you get great gas mileage (and gas WILL be going up… and up… and up — you just know it!) of 41 city/36 highway mpg, but you’ll qualify for a $3,400 tax credit from the federal government. Expect a starting price for the Fusion Hybrid of around $27,270 when it hits showrooms. Keep in mind that those tax credits are on a sliding scale though. Buy by March 31 and you’ll qualify for the entire amount. The credit will be phased out gradually (at least for now) starting with vehicles purchased on April 1, and will be totally eliminated for vehicles purchased on or after April 1, 2010. Ford isn’t saying when the new Fusion/Milan Hybrid will be available, other than “this spring.” That won’t leave much of a window to cash in on the full rebate, will it now?