Mercedes-Benz Tax Incentives
When you purchase a new vehicle from our Kansas City area dealership, there are certain financial benefits that are available to you that you may not know about. When you purchase, or finance, a vehicle within the tax year, you could be eligible for certain tax incentives that greatly benefit your finances and budgeting. If you’re interested in purchasing a new or used vehicle from our dealership, near Overland Park, KS, visit our finance department to discuss what tax incentives are available to you. Depending on the type of vehicle you purchase and its specs, you could get a beneficial tax deduction this tax year. Contact us, or visit us at Mercedes-Benz of Kansas City to learn more.
Section 179 of The IRS Tax Code and Your New Vehicle
As mentioned above, there are certain tax benefits that you can receive when you purchase Mercedes-Benz vehicles within the current tax year as long as the vehicle meets certain specs. Here’s where Section 179 of the IRS tax code should interest you when visiting our Lee’s Summit, MO area dealership.
If you purchase a Mercedes-Benz vehicle weighing over 6,000 pounds from a local Mercedes-Benz dealership, you can file the vehicle as a business entity. If the vehicle you’re thinking about financing meets this qualification you can proceed with this unique financing. Where the Section 179 IRS tax code comes into play is that it allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the current tax year. This means that you can deduct the full price of the vehicle from your gross income.
Learn More About Your Tax Benefits at Mercedes-Benz of Kansas City
Now that you know more about this tax incentive available at our Leawood-area dealership, visit us today to see which of your favorite vehicles qualify for this tax incentive. Contact us for more information and to discuss any tax incentives available to you with a finance specialist at Mercedes-Benz of Kansas City.