Free Car!

The Wall Street Journal reports that, due to the federal tax credit to buy high-mileage cars, the Federal government is now paying Americans to buy golf carts. As it turns out, the IRS has ruled that golf carts qualify for the electric-car credit as long as they are also road worthy.

The federal credit “provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart”. At a list price of $8-10,000, and a top speed of 15 to 25 miles per hour.

“The Golf Cart Man” is offering a deal where “you can buy the cart for $8,000, get a $5,300 tax credit off your 2009 income tax, lease it back for $100 a month for 27 months, at which point Golf Cart Man will buy back the cart for $2,000. ‘This means you own a free golf cart or made $2,000 cash doing absolutely nothing.’”

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