Reasons to Buy Ford In Grand Rapids, Michigan

Buy A Ford, and Qualify for Tax Deductions!

November 18th, 2014

Business peopleBorgman Ford Commercial Solutions is gearing up for a strong fourth quarter finish in 2014. Our lot is stocked with the kind of Ford tough trucks and mpg-savvy fleet vehicles that help keep your business moving. This is your opportunity as a small or large business owner to save big during the fourth quarter. If you purchase eligible Ford vehicles before December 31, 2014, you may qualify for Sec. 179 business tax expense deductions!

According to the IRS, to qualify for the section 179 deduction, your property must be considered eligible depreciable property, be acquired for business use, and must be purchased at acquisition. While 179 has been revised for 2014, it’s still worth your while to take a look.

The deduction amount is generally the cost of the qualifying property. However, there are specifics that define the maximum depreciation deduction for passenger automobiles. Depending on the date you placed the automobile in service, the maximum deduction is established, as well as the 2nd, 3rd and thereafter maximum amount. There are even specific deduction amounts for trucks and vans, which will be of great help for the fleet buyers and business owners.

Click here to read further details on section 179 qualification provided by the IRS.

Check out this video chat with our own Scott Gibbons, Commercial Sales Manager, then give us a shout for your fourth quarter planning!




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