Section 179 Tax Deduction & Eligible Buick GMC Vehicles for Sale in OKC

Interested in utilizing Section 179 of the IRS Tax Code for a new or used vehicle for your business? Visit our Buick GMC dealership in Oklahoma City to boost your fleet and bottom line with a new Buick SUV or GMC Truck. Our team can help you find the perfect choice for your business operations. Whether you need a vehicle that excels in fuel efficiency, like the Buick Enclave, or a GMC Sierra HD truck for its powerful capability, Bob Moore Buick GMC is here to help. Browse through our eligible vehicles, or contact our team to learn more today!

 

 

What is The Section 179 Tax Deduction?

Section 179 of the IRS tax code allows business owners to deduct the total purchase price of qualifying vehicles or equipment financed during the tax year. Once known as the SUV Tax Loophole, the Section 179 tax code is still a legitimate way for businesses to increase profitability. Whether you’re interested in financing or leasing a new or used vehicle, you can deduct the full purchase price from your gross income. This allows business owners in the OKC Metro area to invest in their businesses, grow their operations, and meet their goals. If you’d like to learn more about the Section 179 tax code and how it can benefit your OKC business, contact Bob Moore Buick GMC today!

How Does a Vehicle or Business Qualify for Section 179?

Before making any final decisions, it’s essential to understand how a vehicle and business can qualify for the Section 179 Tax Deduction. Here are some important specifics you’ll want to know about the Section 179 Tax Code in 2024:

• Vehicle must weigh over 6,000 lbs and under 14,000 lbs.
• The vehicle also must be in service by the end of the year.
• The vehicle must be used for business purposes at least 50% of the time that qualifies as “in service.”

If you’re unsure about these requirements, contact Bob Moore Buick GMC to speak with a team member today.

Section 179 Eligible Vehicles for Sale at Bob Moore Buick GMC

Our Buick and GMC inventory includes vehicles that qualify for deductions through the Section 179 tax code. Here’s a complete list of eligible vehicles from GMC and Buick:

For a closer look at these eligible models, visit our Buick GMC dealership in Oklahoma City. If you have unanswered questions about the Section 179 Tax Deduction, contact Bob Moore Buick GMC to speak with a finance expert today!