Section 179 Savings

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Commercial Automotive Savings

Are you ready to take care of business? As your local source on all things automotive, we’re happy to announce that the Section 179 tax deduction will take a great deal of the work off your shoulders. The Internal Revenue Service (IRS) provides this tax break to small or medium commercial businesses to deduct from the price of business equipment. In this case, the Section 179 tax deduction can be used by qualifying commercial businesses to apply a $1,160,000 deductible during a tax year from work equipment with a purchase limit of $2,890,000.* In addition to these savings, businesses can also have an 80% bonus depreciation on both new and pre-owned vehicles. If you want to use a vehicle for commercial purposes, contact Preston Chrysler Dodge Jeep Ram to learn more about Section 179 and see which vehicles qualify for the tax deduction.

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Which Models Are Eligible for Section 179?

The Section 179 tax deduction can be applied to various Chrysler, Jeep, Dodge, and Ram vehicles. If transportation is integral to your business operations, you’ll be a top contender for the Section 179 tax deduction. To acquire Section 179 tax savings, you must ensure that the commercial vehicle is used more than 50% of the time for business purposes. You’ll be sure to find a hardworking car, SUV, or truck to help you get the job done among our Chrysler, Dodge, Jeep and Ram models. If your work requires heavy hauling and lifting, look at the Ram 1500, the Ram 2500, or the Ram 3500 trucks. Commercial-ready SUVs and vans include the Grand Wagoneer, the Chrysler Pacifica, and the Ram ProMaster®. Whichever vehicle you decide on will make the ultimate business partner in your line of work!

Ready to Invest?

Your business deserves nothing but the best. Invest now and start saving with the Section 179 tax deduction. Visit Preston CDJR to learn more about business savings and begin searching for the perfect Chrysler, Dodge, Jeep, or Ram model!

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*See your tax professional for complete details.