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Are you aware that you can immediately write off up to 100% of the purchase price of eligible Weston Buick GMC vehicles used for business? Tax depreciation laws allow small and large companies to use this tax deduction on qualifying Weston Buick GMC vehicles purchased for business purposes. Even if you purchased a fleet of vehicles, they all would be eligible for the tax deduction and our Weston financial department can walk you through how to use this tax benefit.
Section 179 of the tax code allows all vehicles used for business purposes to qualify for a depreciation deduction. Passenger vehicles have a limit of $19,200, the maximum 1st-year depreciation deduction amount. But trucks with a gross vehicle weight (GVW) above 6,000 are eligible for the full 100% purchase price deduction if utilized exclusively for business purposes.
Business owners looking to add one of the vehicles below to their fleet will be able to benefit from the up to 100% Weston tax deduction based on GVW:
Our Weston financial department is here to help you understand how this works for your business. GM also offers programs for business owners. Business owners shopping at Weston Buick GMC should be in our finance department:
GM Financial Commercial Vehicle Lending Program – GM Financial understands commercial borrowers’ sophisticated demands and complex financing requirements. To assist our business customers, GM offers a full range of lending products to make it easier.
GM Envolve Fleet Partner Program – Weston Buick GMC business customers who have purchased or leased five (5) or more new cars or trucks (any combination of vehicle manufacturers) principally for business use in its operation within the last 12 months; or currently own or leases five (5) or more medium-duty trucks used in its company service; or owns presently or leases fifteen (15) or more cars and trucks used in its company service can be eligible for special financing incentives.
If you want to learn more about Weston tax deductions for your business, we are ready to service your needs today at Weston Buick GMC. Our team also invites you to learn about your buying power.
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