Section 179 Tax Deduction & Eligible Vehicles for Sale in Grants Pass, OR

As the end of the year approaches, small business owners across the country are looking for ways to lock in tax savings before the end of the year. One of the best ways to do this while adding to your business is to take advantage of the Section 179 tax deduction. Section 179 provides a tax write-off for vehicles that meet specific weight and usage requirements. Pickup trucks, SUVs, and vans all qualify for significant savings. At Grants Pass Automotive, we have a range of models that can be partially written off, including the Chevy Silverado, the Honda Odyssey, and the Nissan Titan. Whether you’re looking for a cargo van or a couple of new pickup trucks, Grants Pass can help you. Visit our Grants Pass dealership to explore our full inventory of vehicles eligible for Section 179.

 

What is the Section 179 Tax Deduction?

Section 179 is a federal tax deduction provisioned by the IRS, which allows businesses to deduct the cost of a new vehicle as an expense to the company. The deduction allows you to save up to $25,000 off your tax bill when you make a qualified purchase. While there are some Section 179 deduction limits and other requirements, it’s a fairly straightforward deduction to claim. Taking advantage of the deduction helps your business save on each purchase you make, allowing you to purchase more vehicles or to invest in larger vehicles with more features. Grants Pass Automotive has trucks, SUVs, and vans from Nissan, Chevrolet, and Honda that qualify for the tax deduction. Visit our dealerships in Grants Pass to test drive your next van, SUV, or pickup truck today!

How Does the Small Business Vehicle Deduction Work?

Section 179 was originally provisioned to help small businesses afford the necessary machinery without taking on too much risk. As SUVs, vans, and pickups increased in size and weight over time, they also began to qualify for the deduction. These days, the following vehicles qualify for Section 179:

• Heavy SUVs, vans, and pickup trucks with a GVWR over 6,000 lbs. Must be used for business purposes over 50% of the time.
• Non-personal equipment, including tractors, dump trucks, and forklifts
• Delivery vehicles, including cargo trucks and box trucks
• Specialty vehicles like hearses and ambulances 

To qualify for the deduction this year, vehicles must be put in service before December 31st. For the IRS’ purposes, “in service” simply means they are used for business purposes more than 50% of the time. Personal use under 50% is allowed, though it may impact your total tax savings. For the full tax implications of your purchase, you’ll want to consult a tax professional. 

 

Section 179 Eligible Vehicles in Grants Pass, OR

At Grants Pass Automotive, we have several Chevy, Honda, and Nissan models that are perfect for increasing your reach. Each model listed below meets the benchmarks needed to qualify for the full business vehicle deduction:

Chevy:

• Chevy Silverado 2500 HD
• Chevy Silverado 3500 HD
• Chevy Silverado 4500 HD
• Chevy Silverado 5500 HD
• Chevy Silverado 6500 HD
• Chevy Express Cargo Van 2500
• Chevy Express Cargo Van 3500
• Chevy Suburban
• Chevy Tahoe
• Chevy Traverse

Nissan:

• Nissan Armada
• Nissan NV 1500 S V6 Van
• Nissan NVP 3500 S V6 Van
• Nissan Titan

Honda:

• Honda Odyssey

One of the most popular business vehicles on our lot is the hard-working Chevy Silverado 2500. Available with several different engine types, the Heavy Duty Silverado is a powerful workhorse that serves as the heart of job sites across the country. It can tow up to 22,500 lbs when equipped with a 6.6-liter turbo diesel V-8, ensuring you can accomplish big things on the job site. If you need a mobile base of operations for your trade company or just need to haul cargo, try a Nissan or Chevy cargo van! From SUVs like the Chevy Tahoe to the Honda Odyssey minivan, we have plenty of options, no matter what industry you’re in.

Visit Grants Pass Automotive for Section 179 Qualified Vehicles

Whether you’re looking for an individual Chevy Silverado or a fleet of cargo vans, Grants Pass Automotive is ready to help. Contact us today to see how we can help your business!

 

It’s always best to consult a tax professional before making a decision that will impact your tax situation.