There still is time to receive some amazing tax incentives for 2020. C&M Motors has several 2020 Hino models ready for delivery so you can take advantage of the tax benefits.
When 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 2020, the cap for total write-off is $1,040,000 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 2020 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 could be written-off on the 2020 tax return.
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. Visit https://www.section179.org/section_179_deduction to get all the details.
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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 2020. 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
Urban Defined, Hino 195 Cabover
The Hino 195 was designed specifically for the North American market from the ground up. It truly is the workhorse of the fleet! The moment you see one, you’ll notice the difference between a product designed to deliver performance and reliability in one of the most ergonomically advanced cab-over engine trucks on the market and the rest of the pack. From the wide view pillars to the ground breaking aerodynamics of the all steel cab, the 195 sets a new standard for driver safety and comfort.
The Hino 195 is an extremely versatile chassis that C&M Motors can configure for a variety of vocations. Some of the most popular are towing/recovery, delivery of dry goods and perishables, landscaping, and waste/refuse. We also have a fabrication department that can add amenities like custom boxes and liftgates. We have a select amount of 2020 Hino 195 trucks in stock. Contact us to see what specials deals we have and how we can make the 195 fit in your business.
C&M Motors Inc
2020 CARB regulations will be taking many trucks off the road by end of year. Are you ready? We can help!
No Payment and No Interest
In partnership with Toyota Industries Commercial Finance, Hino Trucks is offering a No Payment No Interest financing opportunity on all new Hino models. With this new initiative, you can purchase a new commercial vehicle for your business and make no payments until 2021. This is an incredible chance to update your fleet and take ownership of a new truck without payment this calendar year.
Your application must made on or before August 31, 2020 and is subject to credit approval.
If a truck in your fleet may be subject to CARB Compliance Rules, this is a great opportunity to replace older trucks under this great initiative.
Call or contact us to learn more.
C&M Motors Inc
Hino Motors Manufacturing U.S.A. Inc. announced the opening of its nearly 1 million square-foot medium and heavy-duty truck manufacturing plant in Mineral Springs, W.Va.
“Hino is committed to building its trucks and products in the market it operates in. We have committed $100 million in capital investment into our new state-of-the-art manufacturing facility, generating 250 new jobs,” Hino Motors Ltd. CEO Yoshio Shimo said in a company release. “Today, I am excited to announce an additional commitment of $40 million in investment to meet increased demand and product configurations, creating an additional 250 new jobs, totaling 800 team members.”
Gov. Jim Justice, who attended the opening along with federal and local elected officials, dealers and customers, said, “Hino has been a tremendous partner to the state of West Virginia since 2007. With 800 West Virginians planned to be employed by Hino, they continue to be one of West Virginia’s biggest employers.”
The new plant will assemble the company’s Class 6-8 conventional trucks, including its newly introduced Class 7 and Class 8 XL Series. The facility can produce 15,000 trucks a year using one shift, providing Hino the capacity it needs to continue to grow in the U.S., according to the Novi, Mich.-based company, a subsidiary of Hino Motors Ltd.
Previously, Hino assembled medium-duty trucks in Williamstown, W.Va., and those operations moved to the new plant on the site of a former distribution center in Mineral Springs. In September, Hino announced it would produce a new line of Classes 7-8 trucks for sale in the U.S.
C&M Motors is proud to be a Certified Hino Dealership and is committed to providing an outstanding customer experience in our sales, rental, leasing, and service departments. Check out our full line-up of 2020 Hino medium and heavy-duty trucks.
C&M Motors – San Diego’s premiere Hino dealership!