BPN Ford Commercial Truck Dealers Excited for Expanded Limits on Section 179 Tax Deduction

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The Senate passed a bill to expand the Section 179 tax deduction limits for 2014. Vehicle purchases for ones business quality for the section 179 deduction up to $500,000 and gains first year 50% bonus depreciation.

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Not only will our Ford customers and buyers be able to take advantage of the expansion but we as a business will be able to as well.

Last Tuesday, December 16th, the Senate passed the Tax Extenders Bill that expands the Section 179 deduction limit thru December 31st 2014. This has quickly become a huge deal for local businesses big and small. It gives them the ability to write-off 100% of equipment purchases, including vehicles for business use, up to $500,000.

In addition to the increased limit of $500,000, Section 179 deduction will also reinstate the 50% Bonus Depreciation. The bill is a one-year, retroactive extension of the tax breaks, even though it only last through the end of this month. Only this 2014 tax year will be covered by the measure and therefore it is a good business decision for many to buy/finance equipment, such as new vehicle purchases, immediately to make the December 31, 2014 cutoff for the write-off provisions.

“We are excited to hear that the Section 179 deduction has been expanded,” says Dave Wilson Sr., President of Preston Ford and Preston Automotive Group, “Not only will our Ford customers and buyers be able to take advantage of the expansion but we as a business will be able to as well.” Preston Ford’s Business Preferred Network Commercial Truck Department has seen a large increase of businesses buying new commercial Ford vehicles since the bill was passed. Preston Ford, Ford Dealership of Maryland and Delaware, is currently in pursuit of becoming a Top 85 Ford Dealer in the Nation and has helped accommodate the bills passing by lowering prices on their Ford commercial vehicles and other Ford vehicles.

About Preston Automotive Group

Preston Automotive Group serves the Delaware, Maryland, Virginia and Pennsylvania areas with Ford, Lincoln, Mazda, Hyundai, and Nissan brands. The auto group carries the largest selection of new and used cars and trucks. Additionally, the dealership services all makes and models, both imported and domestic cars with ASE certified and factory trained technicians. To further serve your automotive needs the Preston Automotive Group is also home to three auto body shops conveniently located around Delmarva in Preston, Cambridge, and the newest facility in Snow Hill, Maryland. Recently Preston Automotive Group added new Ford and Lincoln locations in Georgetown and Lewes, Delaware.

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