2023 Ford Section 179 Tax Deduction Near Danville, CA

2023 Ford E-Transit™ parked in driveway with woman standing near it

Ford Section 179 Deduction

Boost your business by upgrading your fleet and benefiting from Section 179 tax deductions at our Ford dealership near Danville. If you're unfamiliar with Section 179, it's a valuable tax break that allows you to deduct the purchase cost of a new or used Ford model, taking your business operations up a notch.

At Future Ford of Concord, we offer various options for your company needs, including new F-150 or Super Duty® trucks and pre-owned Ford SUVs. To be eligible for the Section 179 tax benefits, ensure that you buy the vehicle and put it into service before December 31, 2023, and utilize it for business-related activities at least half of the time. For further details on this beneficial tax deduction, don't hesitate to reach out and speak with our knowledgeable Ford financing team today.

2023 Section 179 Tax Deduction Details

  • Total annual deduction: Up to $1,160,0001
  • Bonus Depreciation: 80% 1
  • Vehicle must be delivered and put into service by 12/31/20231
  • Section 179 deduction limit: $11,160 for cars (including Bonus Depreciation)1
  • Section 179 deduction limit: $11,560 for trucks and vans (including Bonus Depreciation)1

2023 Section 179 Vehicle Requirements

  • Used for business purposes at least 50% of the time1
  • New or new-to-you (pre-owned qualifies)
  • Purchased, not leased
  • Vehicle must be delivered and put into service by 12/31/20231

Do Used Vehicles Qualify for Section 179?

Yes, they do! Come to our Concord car dealer to view our selection of used Ford trucks, vans and other pre-owned vehicles for sale. You could be eligible for the Section 179 tax deduction if you purchase one of these vehicles, as long as it's new to you and will be used primarily for business purposes. Don't hesitate -- visit today and find the ideal vehicle for your company's needs.

Which Ford Vehicles Does Section 179 Apply To?

Not every new Ford for sale is eligible for Section 179 tax savings, but there are a wide variety of vehicles that qualify. New and pre-owned Ford models eligible for Section 179 tax incentives include: