Section 179 Tax Deduction at Smith Ford
ATTENTION BUSINESS OWNERS
It’s time to invest in your small business. With the Section 179 tax incentive, you have the opportunity to save big on a new Ford that will propel your business to the next level. Designed by the U.S. government to help small businesses invest in themselves, the Section 179 tax code is perfect for those who want to buy a new or new-to-you Ford commercial vehicle. Whether you’re looking to buy a new Ford F-150 or a Ford F-250, be sure to stop by our Ford dealership in Conway, AR, to ask about how much you can save with the Section 179 tax deduction. There are a couple guidelines to consider if you’re looking to take advantage of this special tax incentive. For example, your Ford vehicle must be put into service by December 31, 2019, and it must be used for business purposes at least 50% of the time.
Which vehicles qualify for the Section 179 tax deduction?
- Trucks and vans: Ford F-150, Ford F-250, Ford F-350, Ford Transit Van, Ford Transit Wagon, Ford Transit Connect Van, Ford Transit Connect Wagon
- SUVs: Ford Expedition, Ford Edge, Ford Flex, Ford Escape, Ford Explorer
- Sedans and cars: Ford Focus, Ford Fusion, Ford Fiesta, Ford Taurus
Wondering how much you can write off for these vehicles? If you buy select F-150, F-250, F-350 and Transit Van models, you can write off up to 100% of the purchase cost in the first year. You can write off up to $25,000 of the purchase cost in the first year for the Ford Expedition, Ford F-150 SuperCrew (5.5-foot or 6.5-foot bed) and the Ford Transit Wagon. You can write off up to $11,560 in the first year for select Ford cargo vans that are under 6,000 pounds GVWR, such as the Transit Connect Van and Transit Connect Wagon. And for passenger automobiles under 6,000 pounds GVWR, such as the Ford Edge, Flex, Escape, Focus, Explorer, Fusion, Fiesta and Taurus, you can write off up to $11,160 in the first year.
Want to learn more about how the Section 179 tax write-off can help your business thrive? Visit Smith Ford in Conway, AR, and you can sit down with one of our Ford financing experts to discuss your options.