Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2018 should qualify for the Section 179 Deduction (assuming they spend less than $3,500,000).
|New-Vehicle Deduction Eligibility|
|Ther are some limitations to the expense deduction, including vehicle eligibility. 1|
|Up to $18,000 deduction per vehicle (No aggregation limitations) 1||up to 100% of a deduction of the purchase price (No per-vehicle or aggregation limitation) 1,2|
|Versa Note||Rogue||TITAN XD|
|370Z Coupe||NV200 Compact Cargo|
Section 179 is particularly beneficial to small businesses purchasing/financing/leasing vehicles for aggregate under $200,000. For example, a $50,000 Nissan NV Cargo Van purchase would realize a cash savings on purchase of over $10,000++ (assuming a 35% Tax Bracket and utilizing the $25,000 deduction plus normal first year depreciation of $5,000).View Calculator Tool
Combine these exemplified savings with our strong year end incentives, low finance rates, the superior cost of ownership advantages and quality of the 2015 Nissan Commercial Vehicle Lineup and you have all you need to finish the year on a high note.