2020 Tax Guide for Small Business

Take Advantage of IRS Code Section 168(k) and Save on Commercial Vehicle Purchases at Our Dealership

If you're thinking about buying new commercial vehicles to strengthen your fleet here at our dealership, you could score incredible savings when you take advantage of IRS Code Section 168(k). Should you spring on this unique opportunity, you could add spectacular, reliable new vehicles to your company fleet and deduct the cost during the first year of ownership. So, if you're eager to discover more about how you could get the most out of your commercial vehicle purchase here at our dealership, we encourage you to get in touch with your tax professional to find out more about how you could reap the benefits.


What is IRS Code Section 168(k)?

Under this tax code, businesses have the potential to deduct the cost of certain commercial vehicles when they invest in new equipment. When you purchase a qualifying vehicle, you could write off the cost as a deduction for the same taxable year in which you purchased the vehicle. So, you could give your company fleet the power it needs and enjoy some phenomenal savings while you're at it.  Contact your tax professional for more information.

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Are you curious about how you could go about deducting the cost of your next commercial vehicle? Consult your tax professionals! If you have any questions about how to get started, you can always count on our team to lend a hand. We're available to provide answers and guidance to help you make the most of your next commercial purchase.

It's one thing to help you find the perfect commercial vehicle for your business needs, but it's another to make sure that you get as much out of your buying experience as possible. We're prepared to help you every step of the way and cover all the bases, so please don't hesitate to reach out to us to learn more about how you can take advantage of Section 168(k).

How can we help?

  1. Mills Ford of Willmar

    4100 Highway 71 South
    Willmar, MN 56201

    • Sales: (320) 235-0654
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  • Contact our Sales Department at: (320) 235-0654
  • Monday8:00 AM - 6:00 PM
  • Tuesday8:00 AM - 6:00 PM
  • Wednesday8:00 AM - 6:00 PM
  • Thursday8:00 AM - 6:00 PM
  • Friday8:00 AM - 6:00 PM
  • Saturday8:00 AM - 5:00 PM
  • SundayClosed