Section 179 Tax Break
Section 179 Eligible Vehicles for Sale in Oklahoma City, OK
Boost Your Business with The Section 179 Tax Break
If you’re looking to save on your next purchase, take a look at the Section 179 vehicles for sale at Bob Moore Chrysler Jeep Dodge RAM. Section 179 is a tax loophole that exists for business owners to take advantage of, applying to many of the SUVs in our lineup. While tax codes can be tough to digest, we’ll run you through the basics of how you can save and what Bob Moore CDJR of OKC can do to help you save and grow your business. We’ll help you equip your fleet with Section 179 eligible Jeeps, Dodges, and more. Visit us to see how you can supercharge your business with section 179 eligible vehicles for sale in OKC!
What is the Section 179 Tax Deduction?
Section 179 of the federal tax code allows taxpayers to deduct a property’s cost as an expense. It’s specifically used for businesses to save on large pieces of machinery and vehicles. With the right vehicle, you can qualify to save up to $25,000 on your purchase, assuming your purchase meets some conditions. When applied correctly, Section 179 can help businesses inject more cash into operations or to purchase models and trim levels that otherwise wouldn’t be feasible. Section 179 only exists for businesses, not personal vehicles. Business owners can visit Bob Moore Chrysler Dodge Jeep Ram in Oklahoma City to find individual vehicles, or to equip their business with a fleet of new SUVs or trucks!
How Does a Vehicle Qualify for Section 179?
To qualify for Section 179, your vehicle must weigh over 6,000 lbs and under 14,000 lbs. The vehicle also must be in service by the end of the year. As long as you use the vehicle for business purposes at least 50% of the time, that qualifies as “in service”. This section of code’s original intent was to help businesses afford heavy equipment, but the loophole exists for many of our SUVs as long as you’re using them for business 50% of the time. This means you can use it as a personal vehicle on the side, helping pass on those savings to other areas of your life! If you qualify for the savings Section 179 will pass along, it’s well worth exploring our Section 179 Eligible Dodge Vehicles.
Eligible Section 179 Vehicles
Our inventory of Section 179 models includes the following:
- Chrysler Pacifica
- Dodge Durango
- Dodge Grand Caravan
- Jeep Grand Cherokee
- Jeep Wrangler Unlimited
- Jeep Gladiator Rubicon
- RAM 1500
- RAM 2500, 3500 4500 and 5500
- RAM ProMaster
Several models on our lot qualify for the tax break, from the Pacifica minivan to the Jeep Gladiator. If you are a business owner with an eye on a lower trim level, Wrangler or Rubicon, you could use the tax break to spec into top trim levels for less than the trim level you originally wanted! While none of these vehicles will power a construction site, models like the Gladiator offer impressive towing capacity and cargo space, making it great for midsize jobs. The Durango, Pacifica, and Grand Caravan all make great delivery vehicles. Section 179 eligible RAM trucks are ready to tackle any job. The full-size 1500 is a great everyday workhorse, while the heavy-duty models like the 2500 and 3500 offer towing power to accomplish most jobs. Learn more about our Section 179 Eligible Vehicles for sale in OKC by visiting Bob Moore CDJR OKC!
Our finance team is here to help with any questions about Section 179 and the right vehicle for your business. Contact us to learn more about how we can help your business take the next step!