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A smart option for many types of businesses, Section 179 streamlines the process of purchasing or leasing a commercial vehicle. When you choose a qualifying Mercedes-Benz Sprinter or SUV, you can deduct a portion of the cost as an expense, as opposed to depreciating it over time. This not only removes some of the hassle on your end, it also opens the door to potential tax savings. Read on for an overview of the commercial-grade vehicles here at Fletcher Jones Imports of Las Vegas and how they can benefit you come tax season!
To take advantage of Section 179, it’s important to keep its criteria for a trade and commercial vehicles in mind. An SUV or crossover, for example, is eligible for a deduction of up to $25,000* if its GVWR is over 6,000 pounds and under 14,000 pounds. This rule, however, doesn’t apply to classic cargo vans and buses. Fortunately, Mercedes-Benz offers a variety of vehicles for the discerning Las Vegas business owner, including the GLS, GL-Class, and G-Class, as well as the Sprinter Vans, Cab Chassis, and Minibus!
Section 179 gives businesses the freedom to categorize a vehicle purchase made before December 31 as an expense, rather than a depreciating asset. Opting for Section 179 affords a number of advantages for you and your company:
For a look at our impressive selection of SUVs and commercial vehicles, contact us today and schedule a walkaround or test drive! We can be found at 7300 West Sahara Avenue in Las Vegas – about 5 minutes southeast of Summerlin. The sales team at Fletcher Jones Imports looks forward to helping you choose a vehicle that complements your business’s unique needs!
*Please consult with your tax advisor for more details.
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