Are you the owner of a local small business? Here at our Ford dealership near Sealy, we know all the hard work that goes into maintaining and growing your company. That's why we're proud to offer the Section 179 tax incentive on a wide array of our new and used commercial vehicles for sale! With this exclusive tax deduction, eligible businesses can write off up to the total purchase price of qualifying vehicles from their annual taxes.1
While the savings afforded by this deduction will vary depending on a vehicle's commercial usage and other criteria, consider this an incredible opportunity to affordably grow your company's vehicle fleet. Reach out to Appel Ford now and let our sales team match you with the best Ford commercial truck, van or SUV for you, all for a fantastic value!
What Are the 2024 Section 179 Tax Deduction Limits?
Because this IRS tax code was developed for small- and medium-sized businesses, there are limits that can't be exceeded. Our Ford financing specialists can provide more specific information based on your circumstances, but the figures for this fiscal year are as follows:
- 2024 Deduction Limit: $1,220,0001
- Valid on new and used equipment (must be new to buyer), whether purchased or leased
- 2024 Spending Cap: $3,050,0001
- After this cap is reached, deduction is reduced on dollar-for-dollar basis
- 2024 Bonus Depreciation: 60%1
- Applicable to new and used vehicles
- Generally taken after Spending Cap is reached
- Tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
Which Ford Vehicles Are Eligible for Section 179?
Whether you need the towing strength of a new Ford truck or the versatility of an SUV, you'll be pleased to know that many Ford models qualify fora full or partial Section 179 tax deduction. These include, but are not limited to:
- Ford F-150
- Ford Super Duty®
- Ford Transit
- Ford Expedition
- Ford Expedition MAX
