Tax Incentives for Truck Purchases

Tax IncentivesWhen you purchase a truck for business purposes and begin using it, you can apply the benefit of the “Section 179 deduction”. Section 179 of the IRS code was enacted to help small businesses take a depreciation for capital expenditures in one year, rather than depreciating over the useful life of item purchased.

For example, if you purchase a commercial truck to enhance your fleet or to replace trucks that are nearing their end of service life, you can deduct the full cost of the truck in one year. The truck must be purchased and put into service during the year in which you claim the deduction.

There are some annual limits on the amounts that can be deducted per Section 179. For 2019, the cap for total write-off is $1 million and the limit for the total amount purchased is $2.5 million. The deduction decreases after $2.5 million is spent and is not available for total purchases over $3.5 million, thus making this tax incentive truly focused on small and medium businesses.

All businesses that purchase, finance, and lease new and used business equipment during the 2019 tax year potentially quality for Section 179 Deductions. Commercial truck leasing and purchase are among the eligible goods. For most small businesses, the entire cost of a truck purchase can be written-off on the 2019 tax return (up to $1,000,000).

If you have any questions about Section 179 Deductions, our knowledgeable staff at C&M Motors, NationaLease of San Diego is here to help. We have some excellent resources on our website to help you get started.

New Truck Inventory

Used Trucks and Truck Bodies

Full Service Truck Leasing

Of course, we recommend you also consult with your accountant as he/she will know best about your particular business expenses and other planned deductions for your business in Tax Year 2019. Thank you for considering C&M Motors, NationaLease of San Diego. Our family-owned business has been serving the greater San Diego area for 37 years. We look forward to helping you with all your commercial truck needs.


C&M Motors – NationaLease of San Diego

(800) 736-3443

Section 179, a true “Small Business Tax Incentive”

What is the Section 179 Tax Deduction?

Section 179Section 179 of the IRS tax code allows businesses to deduct the purchase price of qualifying new or used equipment purchased during the tax year. This means that if you purchase a new or used commercial truck for your fleet, you can deduct the purchase price from your gross income tax. This government incentive encourages businesses to buy equipment and invest in themselves.

With the 2018 fiscal year nearing the end of Q3, it is good time to review your business transportation needs and consider the opportunity to invest in new or used trucks for your fleet. At C&M Motors we have both new inventory and used available to assist you with your delivery and transportation needs.

And that’s exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2018 tax return (up to $1,000,000).

If you have any questions about Section 179 or how it would apply to your business, we recommend you check with your accountant. But for transportation needs and trucking expertise, we are San Diego’s premiere Hino dealership and would like to be your valued business partner.

Call out specialists today for help choosing the right options for your new or used Hino. Make a great connection with a valued trucking partner and qualify for tax deductions. Invest in yourself, we are here to help.

C&M Motors – San Diego’s premiere Hino dealership!

(800) 736-3443

Espanol / English »