Buy Commercial Chevy Vehicles with the Section 179 Deduction

Attention
Business Owners

Expense Up To $25,000
On Your Next Commercial Vehicle Purchase

2017 Section 179 Tax Deduction

If you're the owner of a small- or medium-sized business, you know that every penny counts when you're totaling up all your expenses at the end of the year. That's why it's key to take advantage of every dollar you can save. When you need a new Chevrolet commercial vehicle or a fleet of Chevy vehicles for your business, be sure to take advantage of the Section 179 Tax Deduction. This tax code was designed to offer small businesses some much-needed tax relief by allowing them to write off some of or the entire cost of qualifying equipment in the year they purchase it. By doing this, businesses are motivated to add more equipment in the current year rather than waiting to do so over the next few years. Visit our Chevrolet dealership in Waterville, ME, to learn more about eligible vehicles and see how the Section 179 Deduction applies to you.

Chevy commercial vans

Who Qualifies For Section 179?

In order to qualify for the Section 179 Tax Deduction on commercial and fleet vehicles, your company must have been founded in 2014 or earlier, or it must have been in business for a minimum of two years. Both the company and the owner of the company need to have good credit, and vehicles must be purchased in the company's name, and not in the owner's name. From new Chevrolet Silverado pickup trucks you can use to haul supplies to new Chevrolet Cargo Express vans that will carry everything you need through Maine and beyond, we have plenty of options available at our Waterville Chevy dealership.

Depending on which Chevy vehicle you purchase for your business, the total deduction for depreciation including the Section 179 deduction and the Bonus Depreciation is limited to $11,060 for cars and $11,160 for trucks and vans. Certain vehicles, such as trucks and SUVs with a GVWR over 6,000 pounds qualify for expensing up to $25,000.* In order to qualify for the full Section 179 Deduction, a vehicle must fit the following standards:

  • Classic cargo van with a closed-off driver's cabin and no rear seating.
  • Heavy non-SUV vehicle that has at least six feet of interior cargo space that isn't easily accessible from the passenger area. For example, many pickups with full-sized cargo beds qualify.
  • Commercial vehicles that can seat nine or more passengers behind the driver. Examples include hotel shuttles, airport vans and others.
Chevy commercial trucks

To learn more about the Section 179 Tax Deduction and which Chevrolet trucks and vans are eligible, be sure to stop by Central Maine Motors Chevy Buick. We're here to help!

*See dealership for complete details.

Chevy commercial fleet