Section 179 Tax Deduction at Flagship Motorcars of Lynnfield

Section 179

Tax Deductions on Mercedes-Benz Vans with Section 179

What is Section 179 Deduction for Vehicles

The Section 179 of the IRS tax code allows businesses to deduct the full purchase costs of any qualifying vehicles that are bought or financed during the tax year. In other words, if you buy or lease a car for your business, you may qualify to subtract the expense from your income. Speak with the Mercedes-Benz financing team at our Mercedes-Benz dealership in Lynnfield, MA, for more information.

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Mercedes-Benz Sprinter Metris Van

Section 179 Deduction at Flagship Motorcars of Lynnfield

Receive a tax-deduction of up to $25,000 when you buy or lease an eligible Mercedes-Benz SUV. Under Section 179, your small- or medium-sized business can receive rewarding tax breaks for investing in itself. This section of the tax code applies to certain leases and purchases, including several new and used Mercedes-Benz models.

The Tax Benefit of Section 179

The normal tax treatment applicable to the lease and purchase of capital equipment is to depreciate the cost over several years. In this way, the company recoups part of the cost through annual tax deductions. Section 179 is a special accounting procedure that permits a small- or medium-sized company to deduct the cost of eligible leases and purchases in the current tax year. The maximum Section 179 write-off of $25,000 might be greater than your outlay in the first year, making your new Mercedes-Benz lease or purchase even more affordable.

Section 179 Tax Code Deduction at Flagship Motorcars Commercial Vans

What Mercedes-Benz Vehicles Are Eligible for Section 179 Deduction?

Your business’ bottom line benefits by the sizable tax break that Section 179 provides when leasing or purchasing an eligible vehicle. For a leased or purchased vehicle to qualify for Section 179 tax treatment, it must be a crossover or SUV that is not normally used as a personal daily driver. In addition, the vehicle must have a gross vehicle weight rating (GVWR) of 6,000 to 14,000 pounds.

  • Mercedes-Benz ML
  • Mercedes-Benz GLE
  • Mercedes-Benz GL
  • Mercedes-Benz GLS
  • Mercedes-Benz G-Class
  • Metris
  • Sprinter

If you're looking to lease or buy a work vehicle eligible for a Section 179 tax write-off, drop by our Lynnfield Mercedes-Benz dealership and check out our wide inventory. We’d love to discuss with you all the benefits of leasing or buying an eligible Mercedes-Benz vehicle to cash in on a Section 179 tax deduction.

*$25,000 tax deduction for qualifying vehicles based on current Section 179 of the U.S. tax code and maximum deduction permitted for such vehicles under Section 179. Vehicle must be purchased for business use. Please consult your tax professional for more information on applicability of deduction and whether you qualify for the maximum amount available. **$5,250 tax savings based on 21% federal corporate tax rate and eligibility to claim full $25,000 Section 179 vehicle deduction. Your tax rate and eligibility may vary. Please consult a tax professional for more information on your federal tax rate and potential tax savings available to you for qualifying purchases. Sprinter is the 2018 ALG Residual Value Award winner in the Fullsize Commercial Van segment. Metris is the 2018 ALG Residual Value Award winner in the Midsize Commercial Van segment. ALG is the industry benchmark for residual values and depreciation data, www.alg.com.
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