Claim Section 179 Tax Savings at Fair Oaks Ford in Naperville
At Fair Oaks Ford, we recognize the critical role that financial savvy plays in business operations. That's why we're thrilled to introduce the Section 179 tax deduction -- a valuable incentive that allows businesses to deduct up to the entire cost of eligible Ford vehicles, making your fleet investment more cost-effective. Dive into how this advantage can make acquiring a new Ford commercial vehicle even more affordable. Get more details and plan a test-drive at our Naperville Ford dealership.
Understanding Section 179 Tax Benefits
Section 179 is a tax incentive designed for businesses, allowing them to deduct up to the total purchase price of qualifying new and pre-owned Ford vehicles bought or financed within the same tax year. This translates into significant savings for your business, facilitating fleet expansion or upgrades with minimal expense. The U.S. Government established the Section 179 deduction to support small and medium-sized businesses in their growth endeavors. Visit our Ford dealer in Naperville to explore the tax benefits available to you.
Ford Vehicles Eligible for Section 179
Fair Oaks Ford offers a diverse selection of new Ford vehicles that qualify for this advantageous tax deduction, including the robust Ford F-150 and Super Duty® trucks, as well as the versatile Ford Transit® Cargo Van. These models are engineered to meet various business demands, combining strength with modern amenities. Stop by to explore your options and identify the ideal commercial Ford truck, SUV or van for your enterprise!
What are the 2026 Section 179 Details?
The Section 179 tax deduction comes with specific limits and eligibility criteria.1 These include:
- 2026 Deduction Limit: $2,560,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2026 Spending Cap: $4,090,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Deduction begins to be reduced on a dollar-for-dollar basis -- this cap is what makes it a "small business tax incentive"
- Complete phase-out at $6,650,000
- 2026 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20261
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Claim Section 179 Tax Savings in Illinois
Enhance your business's investments with Section 179 tax benefits at our Naperville Ford dealer. Our knowledgeable team is here to help you find the right vehicle that qualifies for these savings. Contact Fair Oaks Ford today to discover more about this chance to efficiently upgrade your fleet.
Learn More:
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
Section 179 Tax Deduction FAQs
What is the Section 179 tax deduction?
Section 179 is a tax incentive designed for businesses that allows you to deduct up to the total purchase price of qualifying new and pre-owned Ford vehicles. This helps small and medium-sized businesses expand their fleets with minimal expense. Visit Fair Oaks Ford in Naperville to learn more.
Which Ford vehicles qualify for Section 179?
Many vehicles at our Naperville Ford dealership qualify for this tax deduction. Eligible models include the robust Ford F-150, Super Duty trucks, and the versatile Ford Transit Cargo Van. Our team can help you find the perfect commercial vehicle for your business needs.
What are the Section 179 deduction limits for 2026?
For 2026, the Section 179 deduction limit is $2,560,000. There is also a spending cap of $4,090,000, which is the maximum amount you can spend on equipment before the deduction begins to reduce on a dollar-for-dollar basis.
Does Section 179 apply to used Ford vehicles?
Yes, the Section 179 tax deduction and 100 percent bonus depreciation for 2026 apply to both new and used equipment, as long as the vehicle is new to the buyer. The vehicle must be purchased or leased and put into use before December 31, 2026, to qualify.
Are there specific business requirements for Section 179?
To qualify for the Section 179 deduction at Fair Oaks Ford, the vehicle must be used for business purposes more than 50 percent of the time. Additionally, the vehicle must be titled in the name of the company rather than the individual owner.