Section 179 Tax Incentive

It's time to invest in your small business. With the Section 179 tax incentive, you have the opportunity to save big on a new Mercedes-Benz that will propel your business to the next level. Designed by the U.S. government to help small businesses invest in themselves, the Section 179 tax code is perfect for those who want to buy a new or new-to-you GMC commercial vehicle. Whether you're looking to buy a Buick or a BMW, be sure to stop by one of our car dealerships in Savannah, GA to ask about how much you can save with the Section 179 tax deduction. There are a couple guidelines to consider if you're looking to take advantage of this special tax incentive. For example, your GMC vehicle must be put into service by December 31, 2020, and it must be used for business purposes at least 50% of the time.

Which vehicles qualify for the Section 179 tax deduction?

The Section 179 tax deduction and Bonus Depreciation are limited to $11,160 for cars and $11,560 for trucks and vans. Exceptions include:

  • Taxis, transport vans, and other vehicles used to specifically transport people or property for hire
  • Qualified non-personal use vehicles specifically modified for business
  • Ambulance or hearses used specifically in your business
  • Other heavy “non-SUV” vehicles and trucks with a cargo area at least six feet in interior length

 Want to learn more about how the Section 179 tax write-off can help your business thrive? Visit a Critz car dealership in Savannah, GA, and you can sit down with one of our auto financing experts to discuss your options.