Whenever you want buy a car First of all, one looks for a way to save money, for example by taking advantage of the bonusbetter known as eco-incentiveswhich encourage the purchase of low-emission vehicles with full respect for the environment.
However, for the moment this possibility is limited and in the next few hours it risks becoming even more so. The time to purchase a car benefiting from the 2024 eco-incentives is running out as the resources allocated for the recognition of discounts on the purchase of cars are almost finished.
In this regard, net of promotions designed by individual car manufacturers to push customers to change car (benefiting for example from details scrapping bonus), at a national level the only benefits provided are those provided by law no. 104 of 1992therefore reserved for people with some disability.
So let’s see what are the bonuses today reserved for those who have to buy a car in 2024 and how much you save depending on the size chosen.
Eco-incentives
As anticipated, one of the most important benefits for those who plan to buy a car is represented by the eco-incentives.
In detail, the main purpose of such a measure is to incentivize the purchase of electric or hybrid cars, as well as Euro 6, while scrapping older (and consequently more polluting) vehicles.
The latest measure has recognized an incentive of up to 13.500 euro about buying a new car. However, not everyone is entitled to the same amount as both the car purchased and the one scrapped are taken into account. For example, as regards the cars to be purchased, three different bands are identified, based on the expected emissions:
- 1a fascia: 0 to 20 g/km (mostly electric cars). The price limit is 42,700, 35,000 euros excluding VAT;
- 2a fascia: from 21 to 60 g/km (mostly plug-in hybrids). The price limit is 54,900 euros, 45,000 euros excluding VAT;
- 3a fascia: from 61 to 135 g/km (mostly mild hybrid, full hybrid and thermal cars). In this case the price limit is the same as 1a fascia.
But the income of the person who buys the car also affects the value of the eco-incentive. In case of ISEE up to 30,000 eurosin fact, it is up to one 25% increase of the theoretically expected amount.
In total, the government has made available approximately 1 billion euros for 2024, but the resources are running out and it will soon no longer be possible to benefit from them. In detail, they have remained since June 3rd (when requests for the relief were opened). less than 100 thousand euros for the second band e 162.000 euro about for the 3rd. However, the incentives for the third tier have ended.
So, it is better to hurry up: in this regard, in our guide (click here) you will find all the information to apply.
Car bonuses law 104
Another possibility to save when buying a car is that offered by the Revenue Agency in favor of people with disabilitieswhich:
- blind
- deaf
- with psychic or mental disabilities who are entitled to the accompanying allowance
- with severe limitation of walking ability or affected by multiple amputations
- with reduced or impaired motor skills.
And it is important to underline that the family member who pays for the expense can also benefit from the concessions, provided that the disabled person is dependent on him for tax purposes.
The incentives for the automotive sector refer to different types of vehicles, including cars with a maximum of 9 seats. In this case, a double relief is granted:
- VAT at 4% (instead of 22%) on the purchase of new or used cars as long as they respect the following limits:
- 2,000 cubic centimeters, if with petrol or hybrid engine
- 2,800 cubic centimeters, if with diesel or hybrid engine
- of power not exceeding 150 kW if with electric motor.
- 19% deduction of the cost incurred, calculated on a maximum expense of 18.075,99 euro. It also applies to the purchase of electric or hybrid cars, as well as models with two engines (one thermal and one electric). However, the same engine capacity limits apply as those set for the VAT relief.
Let’s take a car as an example. 21.960 euro, of which 18,000 euros are the nominal price and 3,960 euros VAT. With the relief of law 104 of 1992 the price is reduced to 18.720 euro as a result of the VAT cut. Of the expenses incurred, then, 19% of 18,075.99 euros (the eligible expenditure limit) can be deducted, thus recovering further 3.434 euro when filing your tax return.
In fact, the price actually incurred is 15,286 euros. And the benefits do not end here: for example, there is an exemption from car tax, as well as an exemption from the registration tax on transfers of ownership.
