Business Tax Incentives on Ram Commercial Vehicles

Here at Ganley Village Chrysler Dodge Jeep Ram FIAT, we want you to be well-informed when it comes to purchasing a vehicle and all of the benefits that go with it. This includes the purchase of commercial vehicles in the Chardon area, such as some of the Ram trucks and vans that we have here on our Painesville lot. So today, we're going to be providing some info to you about tax incentives you may qualify for when you purchase a commercial vehicle from Ganley Village Chrysler Dodge Jeep Ram FIAT.

Section 179 Deduction Near Willoughby

The Section 179 Deduction gives businesses the opportunity to claim certain tax credits with the purchase of vehicles that will be used to operate or help the business. The Section 179 Deduction looks for certain criteria when it comes to giving these tax credits, including the following:

  • Vehicles capable of holding nine or more passengers behind the driver's seat
  • Vehicles that have a closed in driver's compartment and/or cargo area, no passenger seating behind the driver, and no parts of the vehicle's body sticking out more than 30 inches from the windshield's leading edge - or in other words, a typical business truck
  • Tractor Trailers
  • Construction equipment such as forklifts, bulldozers, etc.

Regardless of whether or not you are using the vehicle in the Mentor area at the time that you place it in the company's services, Section 179 takes effect as soon as you have it ready and available. The vehicle must be used for business purposes at least 50% of the time, and the vehicle can either be used or new.

Find Your Commercial Vehicle Near Mayfield Heights

All in all, it is worthwhile to see what sort of tax credits you may qualify for with Section 179 when purchasing a vehicle for your business. If you have any questions about Section 179 or the Ram trucks and commercial vans we have here on our lot in the Cleveland area, contact us or stop by Ganley Village Chrysler Dodge Jeep Ram FIAT today!

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