Interested in an Electric Vehicle? Colorado Can Help. Thinking about buying or leasing an electric vehicle (EV)? The State of Colorado offers support to help you purchase or lease a new or used electric vehicle through statewide programs. Why Electric Vehicles Matter in Colorado Vehicles are a major source of air pollution in Colorado. Each year, millions of metric tons of dangerous greenhouse gases pollute the state. This puts public health at risk and contributes to the hazardous effects of climate change. The need to reduce greenhouse gas emissions to protect both people and the environment is increasingly clear. Benefits of Switching to an Electric Vehicle You can be part of the solution to reduce greenhouse gas emissions — and save money at the same time. Benefits of switching to an electric vehicle include: 60–68% lower lifetime emissions compared to similarly sized gas-powered vehicles Charging costs far less than filling up a gas tank Much lower maintenance costs than gas-powered vehicles Battery warranty coverage of at least 8 years or 100,000 miles Federal and state EV tax credits State and utility EV rebates Vehicle Exchange Colorado (VXC) The Vehicle Exchange Colorado (VXC) program is a statewide rebate program that encourages income-qualified Coloradans to recycle and replace old or high-emitting vehicles with electric vehicles. In addition to the VXC rebate, eligible Coloradans may also take advantage of: State income tax credit Federal income tax credit Utility electric vehicle rebates Who Qualifies? Income Eligibility Requirements To participate, you must meet one or more of these criteria: Your household income is below 80% of Area Median Income (AMI) OR you are currently enrolled in a financial assistance program Vehicle Eligibility Requirements (Old or High-Emitting Vehicle) Your current vehicle must meet the following requirements: Title is in your name only and has no lien (no outstanding loan) Vehicle is currently registered under your name with the Colorado DMV Vehicle is operational Vehicle is gasoline- or diesel-powered Vehicle is at least 12 years old (example: model year 2011 or older for a 2023 application) OR has failed an emissions test in Colorado See the VXC website for additional eligibility information. Terms and conditions are subject to change. The Savings Add Up On top of thousands of dollars in rebates and tax credits for qualifying buyers, EV owners can often save hundreds of dollars per year on fuel and maintenance costs by switching to an electric car. Want to Learn More About Electric Vehicles? Check out EV CO at https://evco.colorado.gov/ — an electric vehicle education initiative from the State of Colorado. Colorado is ready for electric vehicles. If you are too, let EV CO be your guide! Learn More About Vehicle Exchange Colorado To learn more about VXC, visit: https://energyoffice.colorado.gov/vehicle-exchange-colorado
Understanding the "Beautiful" Act: What It Means for Your Wallet
Buying a vehicle just got significantly more affordable. If you follow recent news, you likely heard about the One, Big, Beautiful Bill Act. Signed into law recently, this legislation introduces massive tax deductions for working Americans and seniors. But how does this new law affect your wallet when it is time to upgrade your ride? Here at Greeley Nissan, we want to help you maximize your savings. Let us break down the details of this bill so you can keep more money in your bank account. The "No Tax on Car Loan Interest" Provision The most exciting news for drivers is the "No Tax on Car Loan Interest" provision. Effective for tax years 2025 through 2028, individuals can deduct the interest paid on a qualified vehicle loan. You can claim a maximum annual deduction of up to $10,000. To qualify for this fantastic tax break, your purchase must meet a few specific criteria. The loan must originate after December 31, 2024. You must buy a new vehicle for personal use, and it must undergo its final assembly right here in the United States. Fortunately, Nissan maintains a massive manufacturing footprint in America, meaning many of our most popular new models qualify for this deduction. Making Your New Nissan More Affordable This generous tax deduction makes affording a brand-new car much easier for everyday buyers. When you can deduct your loan interest, your overall cost of ownership drops significantly over the life of your auto loan. This means you can comfortably finance a new vehicle, enjoy the latest safety features, and get a fantastic financial perk at tax time. The bill essentially lowers the barrier to entry for securing a reliable, factory-fresh vehicle for your family. Incredible Value on Pre-Owned Vehicles We understand that a brand-new car is not the right fit for every budget or lifestyle. While the new loan interest deduction applies strictly to new vehicles, buying pre-owned still offers massive upfront savings. If you want a dependable daily commuter, we are the premier destination to find a used Nissan Sentra in Greeley, CO. Our dealership thoroughly inspects every pre-owned model to ensure long-lasting quality and performance. Whether you need an efficient compact sedan or a spacious family SUV, we are your top choice when searching for a great used car nearby. We price our entire pre-owned inventory competitively, ensuring you always drive away with an unbeatable deal. Visit Greeley Nissan Today The One, Big, Beautiful Bill Act gives you another fantastic reason to upgrade your transportation this year. Whether you want to claim your new-car tax deduction on a qualifying U.S.-assembled Nissan or save cash upfront on a dependable pre-owned model, our team is ready to help. Visit Greeley Nissan today to explore our vast inventory. Take a test drive, speak with our finance experts, and discover exactly how much money you can save on your next vehicle!