SouthPort Truck Group

Have you heard about the Section 179 deduction for vehicle purchases? Created as a part of the Tax Cuts and Jobs Act of 2017, this special deduction encourages businesses to buy equipment and invest in themselves. Section 179 allows businesses to deduct the full purchase price of a new or “new to you” vehicle if purchased or financed during the current tax year. That means that if you buy or lease a Sprinter Van, you can deduct the full purchase price from your gross income on your 2020 tax return.   With an incentive like that, now is the perfect time to take advantage of these savings and purchase a Sprinter Van!   Taking advantage of this incentive is easier than you might think. Section 179 of the IRS tax code allows your business to deduct the full purchase price of a vehicle (valued under $2.5 million) if it is purchased or financed in 2020. This helps your business and your bottom line by accelerating the vehicle’s depreciation value, enabling you to claim the cost of purcha

Did you know that purchasing a commercial vehicle can be a strategic and valuable addition to your business ?  There are many ways your business could  benefit from  owning a   Freightliner Sprinter van  before year’s end . But before you rush out and buy any commercial van on the market, there are a few questions you should ask yourself:: Is my current van big enough to store needed equipment or product? Is my van reliable? Does my van look professional? Will a new van meet my business needs? Can I afford to buy a new van? While the other factors should  be considered , the ultimate decision to  purchase  a van for your business will come down to finances .  As a business owner, investing in a commercial van is a smart choice but a decision that should not  be taken   lightly . A new or used Sprinter van offers your business the following benefits: Time & Cost Savings.   If your business transports large quantities of equipment or product, owning a well-equipped commercial van can