Section 179 Tax Deduction
What is Section 179 and How Does it Work?
Section 179 of the Internal Revenue Code allows small businesses to deduct the full purchase price of qualifying equipment during the tax year. Thus, a ground transportation operator investing in a Sprinter or minicoach may deduce the FULL PURCHASE PRICE from gross income.
For the 2016 tax year, the deduction limit is $500,000 and the phase-out threshold is $2,000,000 for qualified vehicles purchased and put into service by Dec. 31, 2016. After $2,000,000, the deduction is phased out dollar-for-dollar until $2.5 million, at which point it is eliminated. However, purchases exceeding these amounts still benefit from the 50% bonus depreciation.
If you want to see how much money Section 179 will save your company on your next vehicle investment, you can click here to use the 2016 section 179 calculator.
How Section 179 Can Help You Invest in the Future of Your Business
In order to attract and maintain business, successful operators constantly update aging fleets to have a competitive advantage. Section 179 provides incentives for operators to invest in Sprinters and minicoaches and position their companies to grow in the lucrative group transportation niche.
If your company is looking to make a splash in your market and build a strong & profitable brand, then an investment in the industry’s safest, strongest and best looking equipment is just a click or call away. Grech Motors has special incentives for in-stock inventory that will qualify for the Section 179 deduction and bonus depreciation, so please call sales at (855) 994-7324 or click below to see open inventory.
Call your sales rep or (855) 994-7324 to learn more!
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Call sales at (855) 994-7324
First-class quality and attention to detail have been Grech Motor’s priorities for more than 30 years. Our unwavering commitment to constant innovation through research & development, the use of high quality materials and hand-crafted construction makes our buses unrivaled in the ground transportation industry. We make VIP buses, so you can attract VIP clients.