Thanks to the 2017 IRS tax Cuts and JOb Act, many small businesses that invest in new equipment, including qualifying new vehicles, will be able to write off up to the entire purchase cost of these purchases on their 2019 IRS returns.*
Normally, businesses spread these deductions over several years. But now, many small businesses can write off up to the entire purchase cost of one or more qualifying new Ford trucks or vans. And there is no dollar limit on your purchases.
IS THERE A CATCH*
Qualifying vehicles must be purchased and placed into service between January 1, 2019 and December 31, 2019. It must be used at least 50% for business, based on mileage, in the first year it is placed in service. So if you choose to use it for both personal and business purposes, the cost eligible for the deduction would be the percentage used for business.
WHAT'S THE URGENCY?
For the 2019 tax year, the qualifying vehicle must be purchased and placed into service by December 31, 2019.
To learn more about Section 179 Commercial Vehicle Tax Deductions - visit - https://www.irs.gov/
* The information supplied here is provided by Ford Commercial Vehicles and shared through our website as a public service to our customers. It should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability. Individual tax situations may vary. Federal rules and tax guidelines are subject to change. For more information about the Section 168 (K) expense write-off or other business vehicle expense writeoffs, you should consult your tax professional for complete rules applicate to your transaction and visit the Internal Revenue Website at www.irs.gov. 1 Under Bonus Depreciation in Section 168 (K) of the Internal Revenue Code, companies may be eligible to fully expense the cost of trucks, vans and SUVs rated over 6,000-lbs. GVWR, when purchased for business use. Trucks and vans that are considered passenger vehicles, rated under 6,000-lbs. GVWR, are limited to $18,100 of depreciation in the year of purchase with normal MACRS depreciation on the remaining basis in the vehicle in subsequent years. A vehicle is not considered a passenger vehicle and is thus not limited to the lower depreciation amounts, if it is considered a "qualified non-personal use vehicle". Qualified non-personal use vehicles are vehicles that, by virtue of their nature or design, are not likely to be used more than a de minimus amount for personal purposes. Examples of qualified nonpersonal use vehicles include 1) a vehicle that can seat nine-plus passengers behind the driver's seat, 2) a heavy non-SUV vehicle with a cargo area of at least six feet in interior length or 3) a vehicle with a fully-enclosed driver's compartment/cargo area, no seating behind the driver's seat and no body section protruding more than 30 inches ahead of the leading edge of the windshield. For more information, see IRC Section 280 (d)(7), Income Tax Reg., Sec 1.280F-6(c)(3)(iii), Income Tax Reg. Sec 1.274-5T(k), and Revenue Ruling 86-97, and contact your tax advisor for details.
Please consult your tax advisor as to the proper tax treatment of all business-vehicle purchases.
For additional information - https://www.irs.gov/
Dealership Information
Testimonials
Google - 5 Stars





Dealer Rater - 5 Stars





“ Good service and excellent customer service, I am so happy with my new car, thanks for your good service they are very friendly. Thank you!! ”
Google - 5 Stars





“ Excellent customer service. Variety of options. Genuine effort to reach our budget. Special heart for non-profits that give back to the community. Efficient on every level. Personable care from multiple staff. ”
Dealer Rater - 5 Stars





“ Really like Jason our salesman. No pressure trying to sell us something we didn't want and found our Edge we love it and no problems with it. Like the free 2 yrs service for oil changes. We got 3 and only have 13,000 and its 2 years old. We even went to one of there summer open houses free food etc and won 5 free oil changes!!Well buy our next car or truck there for sure! Fair price great service ”
Google - 5 Stars





Dealer Rater - 5 Stars





“ A great experience. The sales team is well versed and very helpful. I will be purchasing all of my vehicles from Joe cotton in the future and would recommend them to anyone looking for a new vehicle. ”
Facebook - 5 Stars





“ Multiple successful visits to their service and parts departments. Great and friendly customer service and fair pricing on every visit. Thank you! ”
Google - 5 Stars





“ Always helpful, and good selection of new and used cars ”
Facebook - 5 Stars





“ Thank you for your Honesty. Joe Cotton service will be saving me a ton of money for correctly diagnosing an issue that another dealer said was a complete engine ”
Google - 5 Stars





“ Great people they tread u right make u feel like home ”
Dealer Rater - 5 Stars





“ "Golden Rule Service - Second and third generation dealership. Quality and Service as you want it. Comfortable waiting with amenities. New and used vehicles to select, with staff who will search for the right vehicle if not found here." ”
CarGurus - 5 Stars





“ "Great - on top of things -Stan was very informative of the car I was interested in" ”
Cars.com - 5 Stars





“ "Fast, quick and never met nicer people to deal with. I don't believe I will go anywhere else." ”
Dealer Rater - 5 Stars





“ "Best sales and service at Joe Cotton Ford. Best Ford dealership to buy a new or used car. Best price and best service. Employees are all great." ”
Google - 5 Stars





“ "Everyone was very kind! I was in and out for an oil change in 45 minutes. Great service :)" ”
Google - 5 Stars





“ I've been a customer for nearly 30 years. Most of my business is service now. I think they're honest and forthright people. The auto business is tough and very competitive. Joe Cotton continues to get my business because they know my car very well. ”
Google - 5 Stars





“ The entire buying process was easy to understand, there was no pressure and went smoothly. Rich the salesman was friendly, knowledgeable and a pleasure to work with. I would not hesitate to buy another vehicle from Joe Cotton Ford or to recommend them to family, friends or neighbors. I got a good deal from professional and friendly people! ”
Dealer Rater - 4.8 Stars





“ Brought vehicle in at 66800 miles for brake replacement. Vehicle was not having any problems. Replaced rear brakes same day. Zack in service was professional and knowledgeable. ”
Google - 5 stars





“ They were able to fit me in for an oil change last minute and was quicker than they said it would take as they were pretty busy. I will be back! ”
Dealer Rater - 5 Stars





“ I went to Joe Cotton Ford to buy a 2019 Ford Edge because I liked the way they treated me when I bought a new Mustang last year. They really do treat you right like no other dealer I've ever dealt with before. Salesman Jason Conn truly cares about the customer, finding the exact car I wanted through dealer trade. I used to dread car buying in the past from other dealerships but I don't at Cotton Ford. ”
“ I have been servicing my 07 Navigator L at Cotton since I bought it new. Great service still going strong. Wouldn't take it anywhere else! Service manager Davy Malloy is one of the main reasons that I still service my Ford and Lincoln vehicles at Cotton. Great attention to detail. ”