Finance & Tax Incentives for Business Vehicles


Start Financing Now
And Save Time Later

Call Dave Smith Motors today to learn more about Commercial Financing for your new business vehicles and tax savings. We are always on the lookout for the best financing options for small businesses. 

 Call your Fleet Specialist today and submit your business finance application over the phone.

Looking for more reasons to buy before the end of the year?

Section 179

Section 179 of the U.S. tax code presents a welcome opportunity for small-business owners like you to save money at tax time. An economic incentive designed to encourage the purchase of business-related equipment, thereby spurring growth in the economy, Section 179 lets taxpayers deduct the full or partial cost of certain types of property from their federal taxes for the year the property was purchased and put into service.

Previously in a state of flux from tax year to tax year, the U.S. House and Senate last December approved a bill to permanently raise the Section 179 deduction limit to $500,000 on qualifying equipment. The term "qualifying equipment," as defined by the IRS, relates to machinery, computers, office furniture, software and so on. Visit the IRS website to see the list of purchases that qualify.

While many people can and do apply the Section 179 deduction to vehicles purchased for business reasons, small-business owners should keep in mind that there may be restrictions in place for this type of purchase.

To put it simply, or as simply as possible, while vehicles unlikely to be used for personal use qualify for the full $500,000 deduction (vehicles with a fully-enclosed driver's compartment/cargo area, for example), passenger vehicles are subject to certain deduction limits, even if they're used for work more than 50% of the time. Similarly, SUVs, trucks and vans that do not meet specific IRS guidelines are also subject to limitations.

If you purchased or plan to purchase a new work vehicle in 2016, you may benefit from Section 179, regardless of deduction limits.*

Section 179 can provide you with significant tax relief for this 2016 tax year, but new business vehicles must be financed and in place by midnight December 31, 2016.

Use this 2015 Section 179 Calculator to see how much the Section 179 tax deduction can save your company.

Visit Section179.org to learn more.

Snapshot of 2016 Chrysler, Dodge, Jeep Ram
Section 179 Expense Allowance

The material presented in this document is for informational purposes only and is not offered as legal or tax advice. This work sheet is not intended to be used, nor should it be used, by any taxpayer as a defense against federal or state taxes or penalties. you are urged to seek the advice of your tax advisor for specific tax or legal questions. 

Why Finance through Dave Smith?
  • Competitive Rates and Terms for purchase
  • Seasonal Payment Options
  • Trac Lease Financing
  • We can help you establish a Commercial Line of Credit
  • Upfit Financing for Ram 3500/4500 & 5500 bodies

Leasing vs. Buying

    We are here to help you make the decision whether to lease or finance vehicles for your business. There are favorable aspects to leasing vehicles, for instance the lease payments are typically deductible as an expense on your profit and loss statement immediately. This can be a tax saving advantage. Our helpful finance professionals are here to help answer your questions about leasing. You can reach us at 1-800-635-8000 ext. 611. 

Commercial Financing Incentives

At Dave Smith Motors we are one of the largest dealerships in the region and we constantly strive to give businesses the best value. On top of Dave Smith Motors Hassle Free Buying and Low Low Low Prices you could be eligible for tax deductions when you purchase qualifying vehicles. 

To learn more about current offers, contact the Dave Smith Motors Commercial Sales department at 1-800-635-8000 ext 601.

1-800-635-8000 and let our Experts help find the right vehicle for your business.

*Be sure to consult a certified tax preparer to understand how a vehicle purchase will affect the taxes of your business.