It’s the perfect time to invest in your business with the Section 179 Tax Deduction, which allows small-business owners to save on new vehicles and equipment that’s used for work purposes. When you upgrade to a new Ford F-250 or a used Transit Connect Cargo Van at our Ford dealership near Cedar Rapids, IA, you can meet with our Ford finance team for guidance. We’re here to help your business flourish and ensure you save via the Section 179 Tax Deduction. Feel free to ask us any questions you have about eligible Ford models and how you can claim this tax break.

2020 Section 179 Limits and Caps: 1

  • 2020 Deduction Limit: $1,040,000
  • 2020 Spending Cap on equipment purchases: $2,590,000
  • Bonus Depreciation: 100% for 2020

Qualifications for 2020 Section 179 Tax Deduction:1

  • Your business needs to have good credit
  • It must be a brand-new or new-to-you vehicle
  • The vehicle must be purchased, not leased
  • The vehicle must be used for business purposes at least 50% of the time
  • The vehicle must be put in service before December 31, 2020

Eligible Ford Vehicles Include:

  • Ford F-150
  • Ford Super Duty®
  • Ford Transit Connect Cargo Van
  • Ford Transit Connect Passenger Wagon
  • Ford Ranger
  • Ford Expedition MAX
  • Many More!

Reach out to Lynch Ford in Mount Vernon if you want to learn more about the savings your company may qualify for under the Section 179 Tax Deduction. We have plenty of new Ford trucks and large SUVs available, including F-350 and Explorer models. Visit our Iowa Ford dealer to discover how a Ford can upgrade your business.

1 See dealer for details.

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