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Section 179

Section 179

A way for you to lower your business operating costs is by taking advantage of a legal tax incentive. Section 179 deduction-qualified equipment includes business vehicles and is designed to support small businesses and the overall economy. Allowing one to deduct the full purchase price of qualified equipment that was purchased or financed during the tax year up to a grand total of $1,000,000.* The Section 179 government incentive encourages companies to earn real benefits by taking action. By purchasing or leasing a vehicle from your Hyundai dealer near Delaware, you’ll be able to deduct the full purchase price from your gross income at the end of the tax year. All businesses that purchase, finance, or lease new or used eligible company equipment should qualify for the Section 179 incentive. 

Section 179 Tax

This attractive and easily comprehensive tax deduction is for small and medium businesses. Commercial vehicles or models used more than 50 percent in your qualified business practice can benefit both from the Section 179 deduction and 100 percent Bonus Depreciation. This means the total deduction is greater and includes both new and used equipment with a spending cap of $3,500,000. As you can see, this is quite the opportunity to grow your business in an intelligently calculated way. You must purchase, finance, or lease equipment by the end of the tax year to save with this business write-off.

Here at Preston Hyundai, it is our pleasure to provide you with reliable vehicles that can transform your business. Our extensive selection of Hyundai models, from the Hyundai Kona to the all-new Hyundai Venue — plus a full lineup of efficient sedans — ensures peace of mind during your travels. Elevate your business operation to the next level with the Section 179 tax deduction, and our team looks forward to helping you find the right fiscal solution. We work hard to protect your budget and to provide you with a vehicle at a competitive price. Visit us today to learn more about Section 179 tax incentives and excel with this fantastic tax break, and the professionals at Preston Hyundai look forward to answering all of your questions along the way!

*Please see a tax professional for details.

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