The Toyota Prius Prime, the Cadillac of hybrids is available for purchase but it will cost you a lot. To make matters worse, the company is about to trigger a federal tax credit phaseout. You won't receive the benefits of all the research it took to develop the vehicle in the next two-years. Ford is also known to have begun approaching its rivals in the electric vehicle (EV) department.
Although the IRS has created a page that outlines the various tax credit options, the IRS has not updated the site with the most recent information. You'll need to go back and check again. The credit can be used on certified preowned, new and certified preowned vehicles that have been leased or purchased before October 1, 2018. There are two main groups of vehicles that are eligible for the credit: those with an e-tronic motor and those with a plug-in hybrid electric drivetrain.
Tax credit cannot be refunded. It is worth noting that the credit is available for a limited amount of time, so don't wait until it's gone to save yourself a bundle. The full reward won't be available for you until you've hit your mileage limit, and you won't be able to take advantage of it until you file your taxes for the upcoming year. You can use the IRS tax calculator tool to find out how much you'll need to spend on your next vehicle. A handy little feature in the calculator will tell you if you're eligible for the tax credits. You can request a copy IRS Tax Credit Estimator. It can be used to estimate how much your next vehicle is going to cost and how much you will have to pay for it in monthly payments, down payments, lump sums, or monthly payments.
FAQ
How can I fix my automobile as a hobby.
Why not make it a hobby if you're interested in cars? You could learn how to repair them, buy parts for them, sell them or just enjoy them. It's a fun hobby that you can do if it interests you.
It's not an easy task to make this a full-time job. It requires a lot of hard work and dedication. It requires a lot investment.
You may not be able to have an emotional connection with cars unless there is a valid reason.
Is it hard to be an apprentice mechanic?
It's not simple, but you can learn quickly and there are many avenues for advancement.
You need to have patience and perseverance. Also, you must know how to fix trucks, cars, and motorcycles.
Customers and family members will put pressure on your shoulders to help you succeed. You should not feel pressured into making difficult decisions.
This could be an excellent career choice for someone who enjoys fixing cars. It's a job where you can earn a decent salary and build up your business.
But you may prefer another path. If this is the case, you might want to become a technician.
This could involve using your technical knowledge to support other employees. You could help technicians troubleshoot problems or teach them new techniques.
Another option is to be a service advisor. Here, you'll provide advice and assistance to customers when they bring their cars to a garage.
Your decision will be based on what your priorities are. There are many options, so you can choose the one that suits you best.
Is automotive mechanic a promising career?
Automotive is an exciting industry filled with opportunities for people who are committed to excellence. This field requires hard work and the willingness to learn from others.
Because you will be spending most of your time communicating with customers and employees, you will need excellent communication skills. You should also be willing to travel and work long hours, making commuting difficult.
You can take classes at universities and community colleges if you are interested in a career as an automotive technician. Many schools offer programs specific to students interested in sales, auto repair, or customer service.
If you decide to pursue a degree, you should study mechanical engineering. A bachelor's degree can be obtained in four years.
Many companies will hire students straight out of college. So, it is wise to begin searching for employment while you are still able to study part time.
After you've finished your education, it's likely that you'll need to go through some training before you can be hired as an auto technician.
This means that you will need to pass tests such as the Automotive Excellence (ASE) certification exam. This test covers topics including engine maintenance, brakes, steering systems, suspension, and more.
After passing the ASE test you can apply for a National Institute for Automotive Service Excellence (NIASE) license.
Private individuals can have their vehicles repaired with a license. You will be compensated based on how many services you performed.
Not all states require licensing. A license is required if you plan on working outside of your home state.
Some states don't issue licenses until after completing a certain amount of training. This may be the case for you.
What kind of car mechanic jobs exists?
For car mechanics, there are three main areas for employment:
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Automotive repair shops
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Dealerships
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Independent garages
Automotive repair shops
This is the place most people begin to consider becoming mechanics. This is the best way to get started. You can either work at a shop owned by someone else or set up your own business.
If you decide to work at a shop, you'll need to apply to join a union. After you are accepted to the union, you will receive training from it.
Once the training is completed, you can start working.
Register with the government if you want to open your garage. After you register, you will be required to meet specific standards.
You will receive a license to run your garage once you have registered.
Your license allows for minor repairs and spare parts sales. It will not permit you to fix major engine issues.
In addition to selling spare parts, you'll also be expected to offer advice and guidance to customers.
Dealership jobs
Many dealerships have mechanics who are experts in one particular area. They may be trained to replace or repair tires, or they may specialize in brakes.
Some dealerships have the option to hire general mechanics who can take care of all aspects.
Many of these positions require that applicants undergo training before they are allowed to work. This allows employers to pick the right candidates for their jobs.
Some dealerships will hire graduates straight from college. These graduates already know the basics of mechanical engineering and therefore have no problem learning about cars.
Independent garages
Independent garages don’t have to be associated with any particular dealer. They are more focused on providing top-quality service.
Because independent garages aren't affiliated with any company, they can afford to pay higher wages. Because these jobs don't have to be associated with any company, they can generally offer better wages than dealerships.
However, independent garages may not be better places to work. Many business owners prefer to be in control of their businesses than to delegate it to employees.
You may find yourself working for long hours and not having control over the day.
Expect to earn lower salaries than if you were working in a dealership.
The good news is that you can easily switch between different kinds of jobs. Ask your employer if you would like to work as a mechanic at a dealership.
If you prefer to work in an independent garage, you might consider applying directly to its owner.
The bad news is that finding a new job isn't always easy. You can earn more depending on many other factors.
This could include the type of vehicle that you are working on and whether or not you charge an additional for labor.
Statistics
- There were 749,900 jobs available for automotive service technicians and mechanics in 2016, which is expected to grow by six percent through 2026. (jobhero.com)
- The U.S. Bureau of Labor Statistics (BLS) reports that the job outlook for automotive service technicians and mechanics is expected to decline by 4% from 2019 to 2029. (indeed.com)
- 52% of Mechanics in the United States think their salaries are enough for the cost of living in their area. (indeed.com)
External Links
How To
How to become an automotive technician
An automotive technician performs repairs and maintains vehicles. He/she works at automotive shops, garages or service centers. He/she assists customers in fixing their cars, trucks or motorcycles. An automotive technician must be capable of diagnosing problems and making repairs safely, accurately and efficiently.
An associate degree from a vocational school is required for anyone who wishes to become an automotive technician. After completing the program, he/she must pass ASE certification. ASE stands in for American Society of Mechanical Engineers. There are two parts to the ASE certification exam. The first section tests for mechanical knowledge, the second for practical skills. You must attend one of the authorized testing sites to take the test. These locations can be found online, or by contacting your local car dealer.
After passing the exam, a candidate must take a state exam before being licensed as an automobile technician. The process will vary depending on where an applicant lives. For example, some states require candidates to attend a training course, while others allow them to study independently. Some states require technicians to be licensed immediately upon receiving their license. Other states wait until they have been employed as automotive technicians for at least six month.
To get started as an automotive technician, a person should apply to a local automotive dealership. Most employees who are hired start as apprentices. Apprenticeships last for three years. The apprenticeship program teaches students how to change oil, adjust brakes, replace tires, clean spark plugs, inspect engine compartments, and perform routine maintenance. Some students are taught how to repair engines and replace transmission fluids. Schools offer classes during business hours. However, some schools offer evening classes if needed.
Once a student is done with his/her apprenticeship he/she can become a master journeyman. Journeymen generally spend four- to five decades learning how to fix major systems like transmissions. You will also learn how to repair complicated electrical components, as well as how to remanufacture engines and rebuild transmissions. Employers prefer to hire journeymen as they are familiar with the job and can anticipate customer needs.
If a candidate successfully passes the required exams and receives a license, he/she might want to consider starting his/her own shop. According to Bureau of Labor Statistics, there were almost 1.7 million available jobs in the automotive mechanic field in 2010. This number was expected increase 18% between 2009 - 2020. A candidate who plans to open a shop should expect to spend many thousands of dollars on equipment and supplies.
The salary of an automotive technician will depend on many factors including where you live, your education level, experience and the type of employer. On average, a jobless person could expect to earn $20,000 annually. A high school diploma is all that's required to earn approximately $21,000 annually. Those with an associate's degree earned approximately $24,000 per year. Technicians with bachelor's degrees earned about $27,000 per year. And those with master's degrees made around $32,000 per year. Salary increases are common so professionals who make less than $30,000 a year could realistically expect to earn $40,000 over the next few years.