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Commercial Vehicle Customers

Section #179 Tax Code Update

  • For the '16 CY: Businesses can write-off up to $500,000 (up from $25,000 in 15CY) worth of one or more new Ford Trucks or Cargo Vans over 6,000 lbs. GVWR on 2016 IRS tax return.
  • This incentive was created by the U.S. government to encourage small/medium businesses to buy equipment and invest in themselves. This incentive includes Ford Trucks, Vans & Wagons;
  • Vehicles must be used for business purposes more than 50% of the time

Key Details

  • The tax benefits permit many small businesses to write off up to $500,000 of qualifying new equipment in the first year it is placed in service on their 2016 IRS tax returns.
  • To spread awareness of the 16CY Section 179 tax deduction, Ford sent out an email blast on 11/17 to more than 400K full-size bus & van handraisers, conquests, and owners.
  • View our Commercial Savings Program
  • The qualifying vehicle must be purchased and placed into service between January 1, 2016 and December 31, 2016
  • Must be used at least 50% for business, based on mileage, in the first year it is placed in service.
  • If you choose to use it for both personal and business use, the cost eligible for deduction would be the percentage used for business.
  • Note that all businesses that purchase and/or finance less than $2,000,000 in business equipment during tax year 2016 should qualify for the Section 179 Deduction.
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