Section 179 Tax Reductions

 
YOU DESERVE A BREAK THIS TAX SEASON
PUT FEDERAL TAX DEDUCTIONS AND CREDIT TO WORK FOR YOU
You could get more tax benefits when you purchase the vehicles that you need. Both large and small businesses may be eligible to immediately deduct up to 60% of the purchase price of qualifying vehicles. Beginning in 2024, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.*

How Does Section 179 Work?
Both new and used Ford models purchased in 2024 can qualify for the Section 179 tax deduction, so long as they're put into service by end of day on December 31, 2024. This advantage allows you to claim up to the entire purchase cost of the vehicle as a tax deduction.

The amount you can write off depends on how much the vehicle is used for business purposes. If you need guidance navigating an online Section 179 calculator or are curious to find out more about the possible tax savings under Section 179, reach out to our Sales Team today.
2024 ELIGIBLE VEHICLES
UP TO 60% OF PURCHASE PRICE*
Large trucks, cargo vans and 10+ passenger vans - GVWR greater than 6,000 lbs. 
  • F-Series Pick-Up Trucks
  • F-Series Chassis Upfit
  • Transit Commercial Van
UP TO $25,000 PLUS UP TO 80% OF THE REMAINING PURCHASE PRICE 
PLUS STANDARD DEPRECIATION DEDUCTION*
Other trucks, passenger vans and SUVs - GVWR greater than 6,000 lbs. 
  • Expedition
  • F-150 SuperCrew (5.5‑ft. or 6.5‑ft. bed)
  • Transit Wagon
UP TO $11,560
All vehicles - GVWR 6,000 lbs. or less.
  • Transit Connect Van
  • Transit Connect Wagon
  • Edge
  • Flex
  • Escape
  • EcoSport
  • Explorer
  • Fusion

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*Each purchaser's tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability.
Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2024. Determining the proper income tax treatment of any vehicle purchase requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, the characteristics and attributes of the particular vehicle purchased and the purchaser's income tax situation. Each purchaser's tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability.