2018 Truck Purchases and Section 179
2018 Truck Purchases
It’s hard to believe, but December 31st is quickly approaching. As a result, the opportunity to purchase trucks for the 2018 tax year will be gone in a matter of weeks! If you are considering a 2018 year end truck purchase, you need to act now to get the best selection of available inventory. And remember, trucks have to be in service by 12/31/2018 to take advantage of Section 179 (see below).
The good news is, we have new and used units in stock and ready for year end delivery:
- Isuzu and Hino Landscape Trucks
- Isuzu and Hino Box Trucks
- Volvo VNR and VHD Trucks
- View All Inventory
And don’t forget, we also have used trucks in stock, with aggressive year end pricing.
Contact our truck sales team today to learn more about current truck stock and incoming trucks.
In addition, companies need to consider Section 179 Deduction and the potential tax benefits it can provide to their company. New and used equipment qualify for this deduction, however they must be in service by 12/31/2018. The 2018 deduction limit is $1,000,000. The 2018 spending cap of $2,500,000 makes Section 179 means that small businesses are the primary beneficiaries of Section 179.
In order to help clarify this opportunity, here is a simple explanation from Section179.org:
“Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.” http://www.section179.org/section_179_deduction.html
Learn more about Section 179 Deduction: http://www.section179.org/
Contact us today to get more information on available units that can be delivered by 12/31/2018.