ATTENTION BUSINESS OWNERS
It's time to invest in your small business. With the Section 179 tax incentive, you have the opportunity to save big on a new Ford commercial vehicle that will propel your business to the next level. Designed by the U.S. government to help small businesses invest in themselves, the Section 179 tax code is perfect for those who want to buy a new or new-to-you Ford truck or cargo van.
Whether you're looking to buy a new Ford F-150 or Transit, be sure to stop by our Appleton Ford dealership to ask about how much you can save with the Section 179 tax deduction. There are a couple guidelines to consider if you're looking to take advantage of this special tax incentive. For example, your Ford vehicle must be put into service by December 31, 2024, and it must be used for business purposes at least 50% of the time.1
Which Ford Vehicles Qualify for the Section 179 Tax Deduction?
At Les Stumpf Ford, we offer a variety of new Ford models for sale in Appleton that qualify for the Section 179 tax deduction. Both new and used cars can be eligible, provided they are new to you. Vehicles typically used for business purposes, such as work trucks and vans, may qualify for a 100% deduction.1 Some of the Ford models eligible for partial or full Section 179 deductions include:1
- Ford Expedition
- Ford Expedition MAX
- Ford F-150
- Ford F-250
- Ford F-350
- Ford F-450
- Ford F-550
- Ford Transit Cargo Van
- Ford Transit Passenger Wagon
Section 179 Deduction Limits for 2024
For the 2024 tax year, businesses are eligible to deduct up to $1,220,000, with a maximum spending cap set at $3,050,000.1 Should spending exceed this threshold, the deduction begins to reduce. This provision is especially advantageous for small- to medium-sized businesses. For further information into deduction limits and their relevance to your business, we suggest you to reach out to the Les Stumpf Ford finance team to speak with a knowledgeable member of our staff.
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