LAKE ELMO, Minn., Dec. 14, 2018 /PRNewswire-PRWeb/ -- The end of the year brings with it many attractive offers at most dealerships but buying a truck or van for business purposes could offer even more advantages for taxpayers this year. Thanks to Section 179 first-year expensing allowances, some vehicle purchases for business use may be treated as a deduction for the year. Many Ram trucks and vans like those currently available at the Fury Ram Truck Center in Lake Elmo will qualify for this deduction for 2018.
Vehicles can only be deducted for the year in which they are placed in service. In order to take this deduction for 2018, purchases will need to be made no later than Dec. 31, 2018. A qualifying business may expense up to $2,500,000 of Section 179 property for 2018. Business owners interested in this tax savings opportunity should consult a licensed tax adviser to see if this opportunity is right for their business.
The Fury Ram Truck Center offers one of the largest selections of "job ready" vehicles in the state. The dealership carries new Ram light duty and heavy-duty trucks, Ram ProMaster and ProMaster City vans, and even Ram Chassis Cab models in 3500, 4500 and 5500 levels. It also has pre-owned models. A dedicated commercial service department at the dealership also works exclusively with trucks and vans.
Business owners interested in a vehicle that qualifies for the Section 179 deduction for 2018 may be able to find a truck or van that suits their business needs at the Lake Elmo dealership, but the Fury Ram Truck Center is not qualified to give tax advice. Those interested in tax savings should always consult a certified tax accountant or professional to learn how to get the most out of their purchases.
Commercial shoppers looking for unique equipment ranging from trucks with snowplow attachments to upfitted chassis cab models may be able to find or order what they are looking for at the Fury Ram Truck Center. To learn more about the products and services offered by the dealership, interested parties may visit https://ramtrucklakeelmo.furymotors.com, or reach a representative by phone at 888-628-7751.
SOURCE Fury Ram Truck Center
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