Section 179 Vehicles

2019 Ford F-250 For Your BusinessAre you a small business owner in Florida? Ready to grow your fleet of commercial vehicles? At Peacock Ford, we can help you take advantage of new guidelines under the IRS Section 179 tax code. With the tax savings on our Section 179 vehicles, you can expand your fleet at great value to you.

Maitland, Orlando, and Winter Park businesses stand to gain by investing in new Ford vehicles before the year is out. If you want to learn more about the Section 179 vehicle deduction, then reach out to our team!

What Is IRS Section 179?

Did you know that Section 179 of the IRS tax code lets many small businesses write off the entire purchase cost of one or more qualifying new Ford vans, trucks, or cars? All businesses that purchase and/or finance less than $2.5 million in business equipment during the 2018 tax year should quality for the Section 179 vehicle deduction.

Just how much can you write off? Up to $1 million of these purchases, so you can assemble quite the fleet of Ford vehicles with this program. Below, you can see which models are eligible in our Section 179 vehicle list:

Tax Deduction

Applies To

Eligible Ford Vehicles

Up to 100% of the  purchase cost in the first  year (plus any remaining  basis using MACRS  method)

Trucks & Cargo Vans over  6,000 lbs GVWR

F-150 (6.5-foot or 8-foot   bed)

F-250 Super Duty

Transit Van

Up to $25,000 in the first  year (plus any remaining  basis using MACRS  method)

Passenger Trucks/Vans  and SUVs over 6,000 lbs  GVWR

Expedition

F-150 SuperCrew (5.5-  foot or 6.5-foot bed)

Transit Wagon

Up to $11,560 in the first  year (plus any remaining  basis using MACRS  method)

Trucks & Cargo Vans  under 6,000 lbs GVWR

Transit Connect Van

Transit Connect Wagon

Up to $11,160 in the first  year (plus any remaining  basis using MACRS  method)

Passenger Automobiles  under 6,000 lbs GVWR

Escape, Edge, Explorer,  Flex, Fiesta, Focus,  Fusion, Taurus

Section 179 Vehicles: The Parameters

Using Your 2018 Ford F-150 for BusinessIf you plan on claiming the tax deduction for a vehicle from our Section 179 vehicle list, you'll need to buy it and place it in service between January 1st, 2018, and December 31st, 2018. That gives you until the end of the year to get in on this tax-savings opportunity.

Another catch: Eligible vehicles must be used at least 50 percent for business, based on mileage, for the first year they've been placed in service. So, you can use your Ford vehicle for both business and personal needs, but the cost eligible for deduction is the percentage used for business.

There's No Better Time to Buy!

The end of the year is the ideal time for Maitland, Orlando, and Winter Park business owners to reap the benefits of the Section 179 vehicle deduction. Not only can you get top tax savings on Section 179 vehicles, but you can also take advantage of our current promotions and specials.

Feel free to browse our inventory of Ford vehicles online-or visit our showroom in person. Remember, you'll want to close the deal before December 31st. To learn more, then contact us at Peacock Ford!

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Peacock Ford

1875 S. Orlando Ave
Directions Maitland, FL 32751

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