USE IT OR LOOSE IT - Section 179 Can Save you Thousands on Nissan Cargo Vans!
With the end of the calendar year swiftly approaching Nissan of Sacramento wants you to know about the resources available to you with regards to Section 179 Tax Deduction. As you may be aware, “Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction. The equipment purchased, financed or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken”. ++ So what does this mean? The Nissan NV Cargo Van, Nissan NV 12 Passenger Van and Nissan Titan all qualify for this deduction!
(Excerpt from http://www.section179.org/section_179_faqs.html)
Section 179 is alive and well for 2015. The current deduction limit is $25,000 plus an adjustment for inflation. This means businesses can deduct the full cost of qualifying equipment from their 2015 taxes, up to $25,000. The equipment must be purchased and put into use by midnight, 12/31/2015.++ Please note not all vehicles qualify - vehicles must meet specific guidelines such as 6,500 lb. minimum GVWR, cargo length dimensions, etc...
(Excerpt from http://www.section179.org/index.html ).
Section 179 is particularly beneficial to small businesses purchasing/financing/leasing vehicles for aggregate under $200,000. For example, a $50,000 Nissan NV Cargo Van purchase would realize a cash savings on purchase of over $10,000++ (assuming a 35% Tax Bracket and utilizing the $25,000 deduction plus normal first year depreciation of $5,000). Calculator tool: http://www.section179.org/section_179_calculator.html
Combine these exemplified savings with our strong year end incentives, low finance rates, the superior cost of ownership advantages and quality of the 2015 Nissan Commercial Vehicle Lineup and you have all you need to finish the year on a high note.