As 2019 draws to a close, now is the ideal time to take steps towards reducing your 2019 tax liability. Purchasing the commercial vehicles that your business needs before the end of the year is one of the best moves you can make because this year’s tax code allows up to $1,000,000 in first year write offs on qualifying vehicles.
By taking advantage of this deduction, you could realize up to $8,7501 in tax savings and up to a $25,000 tax deduction2 for qualified vehicles. Combine this with current Mercedes-Benz 0% APR Financing3, this is the best time to make this investment.
Mercedes-Benz Sprinters are the van of choice for many small businesses like yours. With ample cargo area, best-in-class service intervals of up to 20,000 miles4 and legendary Mercedes-Benz engineering, your Sprinter fleet represents a savvy investment for your business now and well into the future.
In order to take advantage of this deduction, you must purchase or lease the qualifying new or pre-owned Sprinter, and place it into service by December 31, 2019. Please contact us for more details on how we can help you take advantage of this significant savings opportunity before it is too late.
1. $8,750 tax savings based on 35% federal tax rate and eligibility to claim full $25,000 Section 179 vehicle deduction. Your tax rate and eligibility may vary. Please consult a tax professional for more information on your federal tax rate and potential tax savings available to you for qualifying purchases. 2. $25,000 tax deduction for qualifying vehicles based on current Section 179 of U.S. tax code and maximum deduction permitted for such vehicles under Section 179. Vehicle must be purchased for business use. Please consult your tax professional for more information on applicability of deduction and whether you qualify for the maximum amount available. You may qualify if you: Are a business that purchased or financed new or used business equipment—including business-use vehicles—during the 2019 tax year, put this equipment into service between January 1, 2019 and December 31, 2019, use this equipment for business purposes more than 50% of the time and spent less than $3,500,000 on this equipment. 3. Only valid on 2019 Mercedes-Benz Sprinter Vans(excluding Sprinter Cab Chassis).Qualified commercial customers only. 0.0% APR financing for 24 months at $41.67 per month, per $1,000 financed and 0.0% APR financing for 36 months at $27.78 per month, per $1,000 financed. Excludes leases and balloon contracts and National Fleet customers. Available only at participating authorized Mercedes-Benz Vans dealers through Mercedes-Benz Financial Services (MBFS). Must take delivery of vehicle by December 2, 2019. Specific vehicles are subject to availability and may have to be ordered. Subject to credit approval by MBFS. Actual rates, terms, down payment, and program eligibility will be determined by MBFS Credit Team based upon creditworthiness of customer. Program rates or terms may be changed or the program may be terminated at any time at the sole discretion of MBFS. Rate applies only to Mercedes-Benz Commercial van vehicles. To qualify, the total amount financed cannot exceed 110% of MSRP. See your authorized Mercedes-Benz Vans dealer for complete details on this and other finance offers. Offer valid through December 2, 2019. 4. Driver is responsible for monitoring fluid levels and tire pressure between service visits. See Maintenance Booklet for details.