Save Money on Select Ford Vehicles

As a business owner, you need a vehicle that works as hard - if not harder-than you do. That's why drivers consistently turn to Woody Folsom Ford in Baxley, GA, for the versatile and reliable Ford F-150. In addition to being the best-selling truck in America, the F-150 is incredibly versatile and typically qualifies for the Section 179 deduction. Continue reading to learn more about Section 179 and how Woody Folsom Ford can help you optimize your tax savings. 

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What Is Section 179 for Business Owners?

Section 179 is a provision that allows businesses to write off or deduct the entire purchase price of qualifying equipment the year it's purchased and put into service. This dynamic tax provision will enable enterprises to accelerate the depreciation deduction and take advantage of tax savings more quickly. The types of eligible property include:
  • Vehicles
  • Software
  • Computers
  • Office Furniture
  • Business Equipment
  • Machinery
Section 179 applies to both new and used vehicles. The critical qualifying feature is that you use it for your business at least 50% of the time. 

Section 179 Bonus Depreciation

You may also qualify for Bonus Depreciation. Bonus Depreciation is an extra first-year depreciation allowance you can claim on qualifying equipment and vehicles.

Does the Ford F-150 Qualify for Section 179?

Currently, more than 150 vehicles qualify for Section 179, including the Ford F-150. Vehicles with the highest tax savings have a Gross Vehicle Weight Rating (GVWR) of over 6,000 pounds and a bed length of at least six feet. Vehicles that typically qualify for Section 179 include: 
  • Ford F-150 Ford F-150 Lightning
  • Ford F-150 Raptor
  • Ford F-250 Super Duty
  • Ford F-350 Super Duty
  • Ford F-450 Super Duty
  • Ford F-550 Super Duty
  • Ford Expedition 7 Expedition MAX
  • Ford Transit Cargo Van
  • Ford Transit Passenger Wagon
These new Ford vehicles will likely qualify for a full first-year depreciation deduction-up to the purchase price. On the other hand, SUVs and trucks with a bed length shorter than six feet and a GVWR over 6,000 pounds-like the Ford F-150 SuperCrew with a 5 ½ footbed, Explorer, and Expedition-may qualify for a first-year depreciation deduction of up to $25,000, plus 60% depreciation on any remaining balance.


What About Smaller Vans, Trucks, and SUVs? Like the Transit Connect, vehicles with a GVWR of less than 6,000 lbs may not qualify for Section 179 depreciation. However, they may still be eligible for annual bonus depreciation of up to $18,000 per vehicle. Passenger vehicles with a GVWR of less than 6,000 lbs may also qualify for the $18,000 in bonus depreciation.

Contact Woody Folsom Ford to Optimize Your Business Taxation

At Woody Folsom Ford, we are the premier commercial and work truck center. With our extensive inventory and expertise, we can help you choose the right vehicle for your business and maximize your savings. You can trust us to guide you through the process. Contact Woody Folsom Ford!

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Contact

Woody Folsom Ford Inc.

1633 Golden Isles West
Directions Baxley, GA 31513

  • Sales: (912) 209-6745
  • Service: (912) 705-0350
  • Parts: (912) 705-0350

Hours

  • Monday9am-7pm
  • Tuesday9am-7pm
  • Wednesday9am-7pm
  • Thursday9am-7pm
  • Friday9am-7pm
  • Saturday9am-6pm
  • SundayClosed