Use It or Lose It

Section 179 Can Save you Thousands on Nissan Cargo Vans!

Coggin Nissan on Atlantic wants you to know about the resources available to you with regards to Section 179 Tax Deduction. As you may be aware, Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction. The equipment purchased, financed or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken?. So what does this mean? The Nissan NV Cargo Van, Nissan NV 12 Passenger Van and Nissan Titan all qualify for this deduction!

Section 179 is alive and well for commercial vehicle purchases on Nissans. The current deduction limit is $25,000 plus an adjustment for inflation. This means businesses can deduct the full cost of qualifying equipment from their 2015 taxes, up to $25,000. Please note not all vehicles qualify - vehicles must meet specific guidelines such as 6,500 lb. minimum GVWR, cargo length dimensions, etc...

Section 179 is particularly beneficial to small businesses purchasing/financing/leasing vehicles for aggregate under $200,000. For example, a $50,000 Nissan NV Cargo Van purchase would realize a cash savings on purchase of over $10,000++ (assuming a 35% Tax Bracket and utilizing the $25,000 deduction plus normal first year depreciation of $5,000).