International begins new incentives for DuraStar Hybrids
Oct 1, 2008 12:00 PM
Navistar has announced three new programs designed to further cut the cost of ownership for its International DuraStar Hybrid medium-duty trucks: a $6,000 tax-match incentive, 60-month fair market value lease, and 60-month battery-lease programs.
The new programs help customers with a shorter payback period to realize their return on investment in a greener alternative, said a company official.
The DuraStar Hybrid offers from 30% to 60% fuel savings over traditional diesel-powered trucks, he said, and helps reduce annual greenhouse gas emissions by 11 to 16.5 tons of carbon dioxide per truck.
The fuel savings of the DuraStar Hybrid recently qualified the truck for federal tax credits of $3,000 to $12,000, depending on application and GVW. In addition to these tax credits, International is offering an additional $6,000 matching “green credit” for qualifying buyers.
Through Navistar's a 60-month fair market value lease, customers will have the option, when their lease on a DuraStar Hybrid expires, to either purchase the truck or just walk away.
The other new incentive program is a 60-month battery lease — the first of its kind in the North American commercial truck industry. Customers will receive an additional $10,000 off the purchase price of a DuraStar Hybrid in exchange for paying 60 monthly lease payments on the truck battery.
All three programs run through December 31, 2008.
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