Huge Tax Deductions and Write-Offs on New Cars, IRS Section 179
As a small business, you’re looking to cut costs and save as much money as possible. Well, when you purchase through us, you already know you’re getting a great deal. But, did you know that you could save even more thanks to IRS Section 179? Thanks to Section 179, many of our vehicles are eligible to be written off as Section 179 property, meaning you could save thousands in tax deductions on your new work truck, SUV, van, or car. The amounts that you can deduct vary depending on the model and size of the vehicle, ranging anywhere from $11,160 to $500,000 in deductions.
Expense up to $11,160 in the first year on the following vehicles:
- SS Sedan
Expense up to $11,560 in the first year on the following vehicles:
- City Express
Expense up to $25,000 in the first year on the following vehicles:
- Silverado (short box)
Expense up to $500,000 aggregate total in the first year with the following vehicles:
- Silverado (standard and long box)
- Silverado Chassis Cab
- Express Passenger Van
- Express Cargo Van
- Express Cutaway
- Low Cab Forward
Note: Tax situations are complex and frequently vary from one another. Please consult your accountant or tax lawyer for more information regarding your expenses.