Did you know that when you buy a new Nissan or fleet of Nissan vehicles for your business at Conicelli Nissan, you could be eligible for a tax deduction? Under the Section 179 Deduction, many commercial vehicles used for businesses qualify. That means you could get a deduction for the new NV1500 commercial cargo van that's been transporting your supplies throughout Pennsylvania or the NV Passenger van your business uses as a shuttle to and from Philadelphia!
Certain commercial Nissan vehicles, with a gross vehicle weight rating above 6,000 pounds but not more than 14,000 pounds, qualify for expensing up to $25,000. The vehicle must be financed and placed into service, meaning it is ready and available for you to use, prior to December 31, and must meet other conditions to apply. For more information about Section 179 or to purchase a new Nissan commercial vehicle, visit our Nissan dealership in Conshohocken!
Does my Commercial Nissan vehicle qualify for a full Section 179 Deduction?
- Heavy "non-SUV" vehicles with a cargo area at least six feet in interior length (this area must not be easily accessible from the passenger area) will qualify. For example, this pertains to many pickups with full-sized cargo beds.
- A vehicle with the capacity to seat nine-plus passengers behind the driver's seat, such as a van used as a hotel or airport shuttle, will qualify.
- If the vehicle has a fully-enclosed driver's compartment and cargo area, with no seating available behind the driver's seat and no body section protruding more than 30 inches ahead of the leading edge of the windshield, it will qualify.
Other considerations to bear in mind for eligibility:
- Your commercial Nissan vehicle can be new or used, as long as it is new to you.
- The vehicle can be financed with some specific leases and loans, or you could have bought it outright.
- The vehicle must be used for your business at least 50% of the time.
- You can only claim Section 179 during the tax year in which the vehicle is "placed in service," so when it is ready and available to use -- even if you don't plan to use it just yet.
- You can't apply Section 179 to a vehicle if it was first used for personal purposes and then changed to business.