Did you purchase a new car this year?  Well, it’s important to note that you can deduct local sales taxes paid towards a new car purchases made from February 17, 2009 to December 31, 2009.

Details

• The deduction is limited to the state and local sales and excise taxes paid on a new-car purchase of $49,500 or less.
• Individuals filers must have a  modified adjusted gross income between $125,000 and $135,000.
• Joint filers must have a modified adjusted gross income between $250,000 and $260,000.
• Tax incentives may be combined with Customer Cash, Dealer Cash or other rebates provided by manufacturers.
• Select Ford, Chevrolet, GMC and Nissan Hybrids also qualify for a tax credit.  Honda and Toyota Hybrid tax credits are no longer available.

Click here to see the complete list of Hybrids that still qualify for the tax credit. One vehicle that really stands out to us is the freshly crowned 2010 Motor Trend Car of the Year, the 2010 Ford Fusion.  The Hybrid version gets a whopping 41 mpg on the highway and 36 mpg in the city.  Purchasing one will also get you a healthy $850 federal tax credit.

For more information, head to www.irs.gov.

Read that again: GM will begin selling brand new cars with 60-Day Money Back Guarantee.  In a semi-unprecedented move, the General will surely help bring traffic to showrooms in the post-Cash for Clunkers era.  The program begins early next week, Monday, September 14th and expires November 30th, 2009.

The money-back guarantee builds on the current 100,000-mile/5-year warranty which GM offers on their new vehicles.  The program will be available to buyers of 2009 and 2010 model-year Chevrolet, GMC, Buick and Cadillac vehicles, and covers vehicles that are financed or bought for cash.  The only exclusions are medium-duty trucks and leased vehicles.

The part that caught our eye is the 4000 mile limit.  Sounds like the ultimate 2010 Camaro test drive.

For 2009, GMC is offering up two SUV models: the Envoy and the Yukon.  Back in 1990, Ford released a vehicle that would offer car-buyers a unique option in the marketplace: the Explorer. The launch of the Explorer re-invigorated the consumer’s passion to have it all: the towing capacity of a pickup truck, the passenger space of a minivan, and a presumably safer mode of transport. The newly coined SUV would enjoy major success for a the better half of a decade, but increasing gas prices coupled with more stringent EPA mandates have left many consumers asking themselves if they really need one, especially since few owners took their SUVs off-road.

Enter the Acadia, GMC’s Crossover Utility Vehicle (CUV). A CUV has the look of an SUV with the feel of a sedan, offering better fuel economy, a lower price, and a softer more comfortable ride. The Acadia comes standard with the same 3.6L 275-hp V6 found in the more luxurious Buick Enclave, while also sharing the same platform. GMC is hoping its CUV kicks off the trend Ford started back in 1990.

And with a cost to entry of $29,990 (base), you’d be hard-pressed to find something that can do more with less than the GMC Acadia. And now the best part: get 0% APR for up to 60 months or big cash back on the 2009 GMC Acadia. To see how much you can save, click to GMC Acadia pricing and for the 0% APR offer, click here.