What is Section 179?
Section 179 of the IRS tax code allows business owners to deduct the full purchase price of qualifying equipment and vehicles in the year they're placed into service. For eligible commercial vehicles, this means you can write off the entire cost immediately no depreciation schedule required.
At Napleton Chicago Chevrolet Buick GMC, we understand what drives a smart business decision. We're here to help you find the right vehicle that qualifies, with straightforward financing and honest guidance every step of the way.
Full Deduction in Year One
No waiting years for depreciation claim the full purchase price immediately.
Heavy-Duty Qualified
Most commercial trucks and vans qualify if your business uses it for work, you can deduct it.
Expert Guidance
Our team knows the ins and outs. We'll help you understand what qualifies and why.
Browse Our Current Section 179 Qualifying Inventory
We maintain one of the largest selections of new and pre-owned vehicles in Chicago. Our inventory includes numerous options that qualify for Section 179 deductions commercial grade trucks, vans, and capable SUVs ready to work for your business.
Important Section 179 Information
Used vs. New
Both new and qualifying pre-owned vehicles can be deducted under Section 179, provided they meet IRS requirements for business use and vehicle weight classifications.
GVWR Requirements
Vehicles generally must have a GVWR (Gross Vehicle Weight Rating) over 6,000 pounds to qualify. Our team can help verify the specifications of any vehicle you're interested in.
Business Use
The vehicle must be used exclusively or primarily for business purposes. Personal use can disqualify the deduction or reduce the amount you can claim.
Annual Limits
Section 179 deductions are subject to annual limits set by the IRS. These limits change yearly, so consult your accountant for current thresholds and phase-out rules.
Placed in Service
The deduction applies in the year the vehicle is placed in service for business. Timing your purchase strategically can maximize your tax benefits.
Professional Guidance
Tax rules are complex and change. We recommend consulting with your CPA or tax attorney to ensure your vehicle purchase aligns with Section 179 requirements for your business.
Hands-On Financing for Your Business Vehicle
We offer straightforward financing solutions designed to work with your business needs. Whether you're purchasing one vehicle or building out your fleet, our financing experts will work with you to find terms that make sense.
Competitive Rates
We work with multiple lenders to get you competitive rates on commercial and business vehicle financing.
Fast Approvals
Quick processing means you can get your vehicle in service faster and start claiming those deductions sooner.
Transparent Terms
No hidden fees, no surprises. We lay out your financing terms plainly so you know exactly what you're signing up for.
Ready to Find Your Section 179 Vehicle?
Our team at Napleton Chicago Chevrolet Buick GMC is ready to help you find the right vehicle for your business one that qualifies for Section 179 deductions and delivers the durability and performance you need.
Stop by our showroom, give us a call, or fill out the form below. We'll answer your questions straight and get you behind the wheel of the right vehicle for your operation.