Tax Credit
MAXIMIZE YOUR BUSINESS POTENTIAL WITH SECTION 179
Section 179 of the IRS tax code allows small and medium-sized businesses to deduct of up to the full purchase price of qualifying equipment bought or financed during the tax year it is placed into service. This incentive is designed to encourage businesses to invest in themselves by purchasing the equipment they need to grow.
Section 179 and the QX80
To qualify for the 2023 Section 179 deduction on a vehicle, your business must have purchased, financed or leased a new or used qualifying vehicle during the tax year. Certain SUVs and crossovers with a Gross Vehicle Weight (GVW) higher than 6,000 pounds (but no more than 14,000 pounds) are eligible for a deduction of up to $28,900 if the vehicle is bought and “placed in service” before December 31 and used for business purposes over 50% of the time. At Infiniti on Camelback this includes our QX80 model!
Next Steps
If you are ready to purchase a QX80 for your business our team of knowledgeable sales experts are here to assist. Contact us today to take advantage of Section 179 benefits before December 31st!
Infiniti on Camelback does not provide tax or accounting advice. This material has been prepared for informational purposes only. You should consult your own tax accounting advisors before engaging in any transaction. For current information regarding Section 179, visit the IRS website or engage a qualified tax professional.