SouthPort Truck Group

Could your business benefit from owning a Freightliner Sprinter van before the end of the year? Purchasing a commercial vehicle can be a strategic and valuable addition to your business, but the needs of your business should be considered. As a business owner, there are a few questions you should ask yourself before starting your vehicle search: ●        Should I buy based on cargo space or gas mileage? ●        Is my current vehicle big enough to store needed equipment? ●        Is the vehicle reliable? ●        Does my van look professional? ●        Will a new van meet my business specifications? ●        Can I afford the cost of a new van?   While the other questions are valid (and should be considered), the ultimate decision to buy or not to buy a van for your business will come down to finances. Whether you’re a general contractor, plumber, electrician, or florist, investing in a work van is a smart choice. Here are six benefits a van can offer your business:

Did you know you can receive a tax benefit for your business if you purchase a new or “new to you” commercial vehicle from Southport Truck Group before the end of the year? This special deduction, known as a Section 179 deduction, allows you to deduct a large part of the vehicle purchase price if it's used primarily for business use. Working in a similar way to depreciation, it allows you to spread the expense and tax deduction of the vehicle as long as you own and is used for business purposes. A Section 179 deduction is beneficial to your business as it speeds up depreciation by allowing you to claim more of the purchase expense in the first year of ownership. The result is larger tax savings in the calendar year in which the vehicle was purchased. Before you rush out to purchase a commercial vehicle, there are qualifying factors for a Section 179 deduction. The vehicle must be used for business purposes for more than 50% of the time. The deduction is also limited to