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 much 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. In this case, the Section 179 tax deduction can be used by qualifying commercial businesses to apply a $1,160,000 deductible during a tax year from work equipment with a purchase limit of $2,890,000.* In addition to these savings, businesses can also have an 80% bonus depreciation on both new and pre-owned vehicles. If you’re interested in using a Chevy model for commercial purposes, contact Preston Chevrolet of Aberdeen to learn more about Section 179 and see which vehicles qualify for the tax deduction.

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What Chevy Models Are Eligible For Section 179?

Plenty of Chevrolet models are eligible for the Section 179 tax deduction. If transportation is a key component of your day-to-day business operations, this tax break will benefit you the most. To qualify for Section 179 savings, you will need to prove that the vehicle is used for commercial purposes more than 50% of the time. Selecting one of our Chevy models is the easiest part of the job, as many of our vehicles are versatile for all kinds of work. If you’d like a truck for your business, browse through the Chevy Silverado 1500, the Chevy Silverado HD, or the Chevy Colorado. Extra efficient electric options include models like the Chevy Bolt EV, the Chevy Blazer EV, and the Chevy Equinox EV. The Chevy Suburban and the Chevy Express Vans are our top commercial picks if you'd rather opt for an SUV or van vehicle. Speak with our team to learn more about which vehicle best suits your business.

Ready to Invest

Make the most of your business investments and begin saving with the Section 179 tax deduction. Visit Preston Chevrolet of Aberdeen to learn more about business savings and start searching for the perfect Chevy model to get the job done!

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*See your tax professional for complete details.