SECTION 179 TAX DEDUCTIONS

Affordable New and Used Commercial Vehicle Purchases with Section 179

Save big on your next commercial vehicle with Section 179 IRS tax deductions. Our commercial vehicle specialists at Young Buick GMC are available to business owners and fleet managers around Owosso, MI, for expert assistance with acquiring reliable vehicles suitable for any vocation. Thanks to Section 179, you can invest in your business and upgrade your capacity with an excellent work vehicle suitable for your needs. For more information about our current inventory and Section 179 deductions, contact our team and take your business to the next level.

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What is Section 179?

Section 179 is a provision of the IRS tax code designed to help small to medium businesses acquire the necessary assets and deduct the full purchase price to reduce their overall tax liability. The bottom line is that Section 179 makes acquiring your next vehicle more affordable so your business can grow, and you don't have to wait to make the upgrades you need. This year, you'll be able to deduct the full purchase price all at once up to $1,220,000. Additionally, the total equipment spending cap before bonus depreciation kicks in is $3,050,000. Bonus depreciation is at 80 percent for the 2024 tax year. As long as you put your vehicle in service by December 31, 2024, you can claim the full purchase price as a business deduction next tax season.

Which Vehicles Qualify for Section 179 at Young Buick GMC?

The great thing about Section 179 is the flexibility and intentional design that allows small business owners to benefit the most. Any new or used vehicle at Young Buick GMC suitable for your business needs qualifies for the deduction as long as it is used for commercial purposes at least 50 percent of the time. We have a great selection whether you are looking for a traditional commercial vehicle, like a heavy-duty pickup truck, or a passenger vehicle that is typically more of a personal vehicle. The best vehicle for your business is the one that helps you accomplish your goals and increases your capacity. Our commercial vehicle team is intimately familiar with fleet management and commercial vehicle needs, so they can provide great guidance and help you acquire your next business vehicle.

Contact Our Commercial Vehicle Specialists at Young Buick GMC

For more information about Section 179 and our current selection of vehicles to upgrade your business, call Young Buick GMC today!

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  1. Young Buick GMC

    2010 E. Main St.
    Owosso, MI 48867

    • Sales: (989) 472-1402
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  • Contact our Sales Department at: (989) 472-1402
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