Claim Section 179 Tax Savings at George Coleman Ford
Discover the potential tax benefits of Section 179 when purchasing a commercial vehicle from George Coleman Ford in South Carolina. As your trusted local Ford dealership near Greenville, we are thrilled to help small-to-medium-sized businesses thrive by leveraging this advantageous tax code.
Section 179 is an IRS tax code designed to encourage business investments by allowing the entire purchase price of qualifying vehicles to be written off in the year they are put into service. Learn more by visiting us today!
Leverage Section 179 Deductions with Eligible Ford Models
Get the most out of your business investments with the Section 179 tax deduction. When you choose from our selection of capable Ford vehicles, you could write off the total purchase cost this tax year. Select new, pre-owned or certified pre-owned vehicles from our inventory may be eligible. Among these include the reliable Ford F-150, the powerful Super Duty®, the versatile Ford Explorer and Expedition SUVs and the efficient Ford Transit and E-Transit models.
Don’t miss out on potential savings as you enhance your fleet with a vehicle that fits your business needs -- buy a new Ford work truck or cargo van near Greenville today and put your business on the road to success!
Understanding the Section 179 Tax Incentive
When you purchase a qualifying vehicle during the 2023 tax year and place it into service before December 31, 2023, you can benefit significantly from Section 179. Keep in mind that the deduction amount could vary if the vehicle isn't used solely for business purposes or only qualifies for partial Section 179 treatment based on its configuration or design.
To maximize your savings potential, our knowledgeable team at George Coleman Ford will assist you with the specifics of Section 179 financing and help you understand which vehicles qualify for this deduction. We're committed to providing the information and support you need to take full advantage of the financial benefits Section 179 offers to businesses like yours.
Section 179 Deduction Limits & Opportunities in 2023
As you consider your next commercial vehicle purchase, keep these Section 179 deduction limits and opportunities in mind:
- 2023 Deduction Limit: $1,160,0001 -- valid on new and used equipment (must be new to the buyer).1
- 2023 Bonus Depreciation: 80% -- valid on new and used equipment (must be new to the buyer).1
- Passenger Vehicle Eligibility: Pickups or heavy SUVs weighing between 6,000 and 14,000
pounds are among vehicles that may be eligible for a maximum first-year deduction of up to $28,900 in 2023. Many other passenger vehicles may also qualify for a partial deduction if used for business purposes at least 50% of the time.1
Buy a Ford Near Me
Enhance your business fleet and seize the tax-saving opportunities offered by Section 179 at George Coleman Ford. Our selection of Ford trucks, vans and SUVs for sale delivers the reliability and efficiency you need for your business operations, backed by potential tax advantages that could positively impact your bottom line. Contact us or stop by our dealership near Greenville to discuss the Section 179 savings available for your company today!
1 Information accurate at time of publishing. See dealer for details.