Unlock Your Commercial Tax Benefits on a Business Vehicle

Did you know vehicle purchases may qualify for Section 179 depreciation, 50% first-year bonus depreciation, and regular depreciation deductions? During the first year of purchase and use of a qualifying vehicle from Woody Folsom CDJR of Baxley, you may be able to deduct 100% of the purchase price on your tax return! The cumulative impact of these deductions can be substantial and completely transform your commercial tax outlook. While you should always consult with your tax accountant for specific guidance on your business tax situation, the following information is a general overview of how the strategy could work for your business. Contact Woody Folsom CDJR today to learn more about qualifying commercial vehicles, including:

  • RAM 1500
  • RAM 1500 Classic
  • RAM 2500
  • RAM 3500
  • RAM 3500, 4500, 5500 Chassis Cab
  • RAM ProMaster

What Is Section 179 & How Can It Save My Business Money?

Under Internal Revenue Code Section 179, businesses can deduct the entire purchase price of qualifying equipment and/or software acquired in the tax year on their business income tax return. RAM Commercial trucks and vans are typically considered Section 179 property for income tax purposes. This means you may be able to deduct the cost of your new Commercial RAM vehicle as an expense in the year you place it in service. A qualifying business can expense up to $1,160,000 of Section 179. 

Are Customizations Included in Section 179?

Any customizations purchased at the time of sale may also qualify! If your business needs a vehicle, take advantage of potential tax savings before the end of the year! 

What Is Section 168(k) or Bonus Depreciation?  

A RAM Commercial van or truck may qualify for Section 168(k) or Bonus Depreciation on your income taxes. As a result, you may be able to treat the cost of your Commercial RAM truck or van as an expense and deduct it from the year you put it into service. Bonus Depreciation serves as an additional first-year depreciation allowance, enabling business taxpayers to deduct extra depreciation for the cost of qualifying business property beyond standard depreciation allowances. 

Which RAM Commercial Vehicles Qualify for Section 179?

Woody Folsom CDJR of Baxley offers many vehicles that qualify for Section 179. As a general rule of thumb, heavy pickup trucks, SUVs, and vans that weigh over 6,000 lbs can qualify. In addition, you must use the vehicle for business purposes. 

Which RAM Vehicles Qualify for Section 179?

Vehicles that meet Section 179 specifications include:
  • RAM 1500
  • RAM 1500 Classic
  • RAM 2500
  • RAM 3500
  • RAM 3500, 4500, 5500 Chassis Cab
  • RAM ProMaster

Do Jeeps Qualify for Commercial Tax Benefits?

Absolutely! Woody Folsom CDJR of Baxley offers many Jeeps that qualify for commercial tax benefits. These vehicles include:
  • Certain Jeep Gladiators
  • All Jeep Grand Cherokees
  • All Jeep Grand Cherokees 4xe
  • Certain Jeep Wrangler Models 

Unlock Your Commercial Tax Benefits at Woody Folsom CDJR of Baxley

If you're a business owner, it's critical to plan your purchases to maximize your tax savings. Woody Folsom CDJR of Baxley offers many vehicles to help you do just that. Contact Woody Folsom CDJR today to learn more about commercial tax benefits. 

Contact

Woody Folsom Chrysler Dodge Jeep Ram

1859 Golden Isles West
Directions Baxley, GA 31513-9087

  • Sales: (912) 209-6744
  • Service: 912-339-8162
  • Parts: 912-339-8145

Hours

  • Monday 09:00AM - 07:00PM
  • Tuesday 09:00AM - 07:00PM
  • Wednesday 09:00AM - 07:00PM
  • Thursday 09:00AM - 07:00PM
  • Friday 09:00AM - 07:00PM
  • Saturday 09:00AM - 06:00PM
  • Sunday Closed