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

www.cmmotorsinc.com

(800) 736-3443

Hino 155 Year End Advantages

Hino 155 Tax Incentives2018 is nearing an end and C&M Motors is ready to help you take advantage of available tax incentives for purchasing new equipment before 2019. The Hino 155 is a versatile truck that fits the requirements for a variety of duties. Recovery and towing, dry goods hauling, and refrigerated goods transportation are just a few applications this truck shines in. The power and hauling capacity of the 155 make this one of the best medium duty trucks on the market. Backed by an industry leading warranty, your new Hino will provide years of reliable service.

C&M Motors has a custom fabrication shop that can configure your truck to fit your businesses transportation requirements, and a fully trained maintenance staff to keep your fleet on the road and running great.

We have a nice selection of Hino 155 trucks in stock and can be ready for delivery in time to start 2019 off right. So, take advantage of any available tax incentives, including tax code 179 before the year is out and give us a call. Our qualified sales staff is ready to show you all we have to offer and…help you save some money.

 

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

www.cmmotorsinc.com

(800) 736-3443

End 2018 Right with a Hino 195

Section 179There is still time to save some money by taking advantage of any available tax incentives for 2018, including tax code 179 designed to give businesses tax advantages for purchasing new equipment. C&M Motors has a great selection of Hino 195 medium duty trucks that can be customized and ready for delivery before the year ends. What a great way to start 2019. The 195 is a very versatile chassis that can serve in a wide range of vocations. Delivery, landscaping, stake bed, and custom recovery are the prime areas this truck is built for.

If your business has specific requirements, C&M Motors can customize your truck in our fabrication shop, and our service department is equipped and staffed with trained technicians to ensure all your trucks stay on the road and running efficiently.

Give our knowledgeable sales staff a call and see how we can save you and your business money. We have Hino 195 trucks in stock and ready for delivery before the end of the year. We look forward to hearing from you and helping you make 2019 a profitable year.

 

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

www.cmmotorsinc.com

(800) 736-3443

2018 Commercial Truck Purchase Tax Incentives

2018 tax incentivesTax obligations are a normal part of running a business. No one enjoys that tax bill but taking advantage of the right deductions can at least make you feel better about how your money is spent.

While the topic of taxes is the least favorite subject, knowing how to minimize your tax burden and planning for your business purchases is a smart approach. The cost of buying business equipment is normally deducted by claiming a depreciation allowance. Under certain circumstances, you may qualify for first-year expensing to deduct a majority of the expense in the year the equipment is placed into service.

If you have been considering a fleet expansion, you have just a few short weeks to grab a new truck from the C&M Motors commercial truck lot and put it into service. A commercial truck can be deducted in a couple ways, actual costs or IRS mileage rates. Consult your accountant for the deduction that best serves your business and remember Tax Code 179 was put in place to help business owners.

Give us a call and see how we can get you on the road to a tax incentive. We have Hinos in stock and ready for delivery before the end of the year. Make 2019 a profitable year – make C&M Motors your transportation partner!

 

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

www.cmmotorsinc.com

(800) 736-3443

Espanol / English »