Where federal rebates for Toyota and Lexus hybrids stand as of Oct. 1

Just so everyone's clear on where Toyota's hybrid models stand in getting federal tax credits in the United States, here's the way the money lines up for purchases after Oct. 1 (i.e., tomorrow), courtesy of Toyota:

• Toyota Prius: $1,575
• Toyota Camry Hybrid: $1,300
• Toyota Highlander Hybrid: $1,300
• Lexus RX 400h: $1,100
• Lexus GS 450h: $775

These rebates are in effect until April, 2007. On April 1st, 2007 (and continuing until September 30, 2007) rebates for Toyota and Lexus models drops in half to:

• Prius: $787.50
• Camry Hybrid: $650
• Highlander Hybrid: $650
• Lexus RX 400h: $550
• Lexus GS 450h: $387.50

After September 30, 2007, Toyota and Lexus hybrids no longer qualify for IRS rebates. It's unknown at this time whether or not the Lexus LS 600h, which will become available next spring, will qualify for any rebates.

Note: since these credits are from the government, they're not available to all purchasers (like, say, manufacturer's rebates). Check with the dealer or the IRS to see if you qualify.

[Source: Toyota]