Looking at buying FEH have questions

Old Apr 23, 2008 | 06:23 AM
  #11  
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Default Re: Looking at buying FEH have questions

Originally Posted by KenG
You have to find your own comfort level on the 4WD but I have a long driveway and we had 135 inches of snow this year and never felt the need for 4WD in the Escape. I've driven 2008 V6 Escapes (rentals) a good bit and I really don't see a big difference in the driving experience. There is a difference in brake feel that takes a day or two to get used to. I have to think about it to notice the transmission difference.

Based on our experience, I think you will see a significant savings with the FEH. (If you can get one.)
Needing and wanting AWD are two very different things.

I have a FWD car and the AWD FEH. When there is a fresh 4-7 inches of snow on the ground, either will get me where I'm going, but I'll tell you I prefer the AWD.

Side note: Who the heck designs a driveway with a 90-degree bend on a 20 degree incline in northern Michigan? That's just asking for an off-roading experience.
 
Old Apr 23, 2008 | 06:50 AM
  #12  
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Default Re: Looking at buying FEH have questions

Originally Posted by cbibbs
Side note: Who the heck designs a driveway with a 90-degree bend on a 20 degree incline in northern Michigan? That's just asking for an off-roading experience.
LOL!
 
Old Apr 23, 2008 | 07:04 AM
  #13  
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Default Re: Looking at buying FEH have questions

Your car insurance company may offer a reduction in your premiums for owning a hybrid. Mine gives me a 10% discount across my entire policy (not just the FEH).

Also, the transmission (eCVT) has a longer warranty than the transmission in a non-hybrid since it is considered an emissions component (same goes for the battery and high-voltage electronics).

If you're not hit by the AMT at tax time, there's still a $2200 tax credit for the 4WD and $3000 for the FWD. I'm not sure but Oregon may have some state level tax benefits as well. My state has a $600 tax credit. Between the two, I got $3600 in tax credits which all but offset the "hybrid" premium.

I expect others here can add a few more "hidden benefits" for the hybrid that I'm forgetting at the moment.
 

Last edited by MyPart; Apr 23, 2008 at 07:58 AM. Reason: Modified incorrect fed tax credit amount for 4WD
Old Apr 23, 2008 | 07:16 AM
  #14  
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Default Re: Looking at buying FEH have questions

AWD is a $2200 credit according to my tax forms.
 
Old Apr 23, 2008 | 07:59 AM
  #15  
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Default Re: Looking at buying FEH have questions

Originally Posted by cbibbs
AWD is a $2200 credit according to my tax forms.
You're right... I was working from memory and it failed me (again )...updated post.
 
Old Apr 24, 2008 | 03:47 PM
  #16  
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Default Re: Looking at buying FEH have questions

What is AMT?
 
Old Apr 24, 2008 | 04:28 PM
  #17  
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Default Re: Looking at buying FEH have questions

Originally Posted by abelkrista
What is AMT?
Alternative Minimum Tax
 
Old Apr 27, 2008 | 04:32 PM
  #18  
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Default Re: Looking at buying FEH have questions

Thanks, cbibbs... I was out of town and couldn't respond.

Krista: If you're at or near the Alternative Minimum Tax level, I'd highly recommend talking with a tax professional before "counting on" that $2200.
 
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