Section 179 Savings

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Commercial Car Savings

Are you ready to take care of business? As your local source on all things automotive, we’re happy to announce that the Section 179 tax deduction will take a great deal of the work off your shoulders. The Internal Revenue Service (IRS) provides this tax break to small or medium commercial businesses to deduct from the price of business equipment. If you’re interested in using a Hyundai model for commercial purposes, contact  Preston Hyundai to learn more about Section 179 and see which Hyundai models qualify for the tax deduction.

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Here’s what you need to know for 2025:

• Up to $1,250,000 in equipment and vehicle purchases may qualify for a full deduction.
• This deduction begins to phase out once your total qualifying equipment exceeds $3,130,000 for the year.
• Planning to purchase an SUV for business use? The maximum deduction for SUVs placed in service in tax years beginning in 2025 is $31,300.

What Vehicles Are Eligible For Section 179?

This tax break can be used on a variety of Hyundai vehicles. If transportation is key to your business, you will benefit the most from the Section 179 tax deduction. You may be wondering: how exactly does my business qualify for this deduction? To receive the Section 179 savings, your business must prove that the vehicle is used more than 50% of the time for commercial purposes. Some of our favorite Hyundai models that can get the job done well include the Hyundai Santa Cruz open-bed SUV, which offers hefty towing power and ample space to store work equipment, and the Hyundai and the spacious Hyundai Palisade SUV. You can also take a look at hybrid models like the Tucson Hybrid or the Hyundai Santa Fe Hybrid for boosted efficiency and planet-friendly power. Speak with our team at Preston Hyundai to discover which other Hyundai models qualify and how to apply for the Section 179 tax deduction!

Invest Down the Road

Get the most out of your business investments and start saving with the Section 179 tax deduction. Visit Preston Hyundai to learn more about business savings and begin searching for the perfect commercial Hyundai!

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*See your tax professional for complete details.