Section 179 Tax Credit For Used Vehicles Explained
Don't Leave Money on the Table! Maximize Your Tax Write-Off at 56 Auto Sales.
Time is money, especially during tax season! The Section 179 Tax Deduction is your chance to get the heavy-duty tax break you deserve. This law allows your business to potentially deduct the full purchase price of a qualifying vehicle, even a high-quality used one, in the year it's put into service. That means more immediate savings and a stronger bottom line. Don't miss the end-of-year deadline to put your vehicle in service! Visit 56 Auto Sales now. Our inventory of Section 179-eligible trucks, vans, and SUVs is ready to work for you. Let's turn your next vehicle purchase into this year's biggest deduction.
What Is the Section 179 Deduction?
The Section 179 Tax Deduction is a powerful incentive for business owners. It allows you to write off the full purchase price of qualifying equipment and vehicles—instead of taking small depreciation deductions over several years. For most small and mid-sized businesses, this means you can claim thousands of dollars in immediate savings. Invest in the assets your business needs today and put more of your hard-earned money back into your budget this year.
- Deduct Full Vehicle Price
- Immediate Tax Savings Benefit
- Faster than Standard Depreciation
Do Used Vehicles Qualify for the Section 179 Tax Credit?
Yes, used vehicles qualify! You can claim the immediate tax benefits of Section 179 with a high-quality used vehicle, as long as it's considered "new to your business." To secure the deduction, remember two essential rules: the vehicle must be in service by year's end and used primarily for business (over 50% of the time). Why is this excellent news? It means you can invest in a reliable, pre-owned work truck, van, or SUV from 56 Auto Sales and still enjoy a significant tax write-off. Visit us today. Let our team match you with an inventory vehicle that meets both your business needs and the IRS requirements for a full deduction.
- Must Be "New to You"
- 50%+ Business Use Required
- Purchased and In Service Same Year
Which Vehicles Qualify for the Section 179 Deduction?
When it comes to the Section 179 deduction, the vehicle's Gross Vehicle Weight Rating (GVWR) is the critical factor. Vehicles that rate over 6,000 pounds, including heavy-duty trucks, work vans, and large SUVs, are eligible for the most significant write-off, often allowing for the deduction of the full purchase price (up to IRS limits). By comparison, standard passenger vehicles face much lower, capped deduction limits. At 56 Auto Sales, we specialize in high-GVWR vehicles like the Ford F-250 and Ram 2500 for contractors, as well as a variety of chassis cabs, dump trucks, bucket trucks, box trucks, and more! Shop smart and find the vehicle that delivers the maximum tax benefit.
- Heavy-Duty Trucks Over 6,000 lbs.
- Large SUVs Over 6,000 lbs. GVWR
- Some Lighter Vehicles Under 6,000 lbs. GVWR
Section 179 Made Simple with 56 Auto Sales!
Ready to take the deduction? At 56 Auto Sales, we provide the vehicles and the knowledge to help you lock in your savings. We'll assist with key steps like determining your business-use percentage and verifying the vehicle's GVWR for eligibility. Remember, to claim the benefit, you must file IRS Form 4562 with your tax advisor and maintain detailed mileage logs. Don't forget: Section 179 can often be layered with bonus depreciation for an even larger write-off, ensuring your used work vehicle is the smartest investment you make this year.
- Provides Paperwork for CPA
- Walk You Through the Paperwork
- Combine with Bonus Depreciation
Give a Real-World Example of the Section 179 Tax Credit For Used Vehicles
Let's look at the numbers. A local contractor buys a dependable, used 2019 Chevy Silverado for $40,000 from 56 Auto Sales and uses it 90% for business. Because of the Section 179 Tax Deduction, that contractor could potentially write off $36,000 of the purchase price this year. That massive deduction immediately lowers their taxable income and boosts their cash flow. It's simple proof that buying your next heavy-duty work vehicle from us is a brilliant financial move.
- Immediate Cash Flow Benefit
- Lowers Taxable Income Fast
- Bonus Depreciation
56 Auto Sales Helps You Claim Section 179 Savings!
At 56 Auto Sales, we turn a complex tax code into a simple business advantage. The Section 179 incentive is too powerful for small businesses to ignore, and we're here to ensure you maximize it. Our inventory is packed with eligible used trucks, vans, and SUVs, and our team provides the expertise and documentation your CPA requires. Whether you're growing a solo operation or managing a large fleet, let our flexible financing and tax-ready vehicles help you secure significant, immediate tax savings. Complete the form below to lock in a vehicle and a major tax advantage!