End-of-Year Car Fleet “Section 168 (k)” Tax Incentives: What this Means for your Business

For businesses wanting to end the year with a bang, capitalizing on Section 179 and 168(k) tax incentives for auto fleet purchases might be a great way to do it. As the current tax year comes to an end, a tax increase is certainly a possibility, which may be an important factor to consider when weighing your fleet purchasing options.

Automobile manufacturers such as General Motors, Ram, Ford, and Nissan are offering end-of-year incentives that provide substantial savings that may be hard for businesses to ignore.

  • Ford: https://www.ford.com/ford-sales-events/commercial-vehicle-season
  • General Motors: https://www.gmfleet.com/tax-deductions
  • Ram: https://www.ramtrucks.com/section168k/index.html

Quirk Auto Dealers is proud to represent numerous automobile manufacturers offering qualifying fleets which are available for purchase. Taking advantage of these incredible tax incentives being offered now until the end of the year can greatly benefit businesses’ bottom line.

Reach out to your local Quirk Auto Dealer, and you can be confident we will work with you to make a great deal happen. Hurry and take advantage of these incredible tax incentives before they expire on December 31, 2020.

If you have specific tax questions, consult your tax professional to determine accurate vehicle depreciation and tax benefits pertaining to your specific company.

We look forward to assisting you with your vehicle fleet purchase!