First Golf Cart
I done much research about the credit:
Speed attaiable to 20mph but not exceed 25 mph
Must be defined as a motor vehicle (i.e. headlights, rearview mirrors,turn signals,wipers,auto glass,seatbelts,backups lights)
Mfg certification from the IRS that it is an LVS
Placed in service by 12/31/09, I've been told by a dealer also paid by that date
Must have a vin# and registered with the Depart. Motor Vehicles.
I've talk with two insurance co. Progressive which is redefining it's policy and won't be available until early 2010 and Allstate which is $175 annually provided the LSV has a turf switch which limits its speed to 19.8mph.The cost of registration in FL is $500 when purchased and $50 annually after that.
I plan to purchase an LSV because of the credit but don't know much about the dealers in the area.
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