Used Vehicle Tax Deduction
100% Tax Deduction
Maximum Business Vehicle Tax Benefits
MAXIMIZE YOUR BUSINESS POTENTIAL WITH TAX-SMART VEHICLE INVESTMENTS
At SRQ Auto in Bradenton, we understand that smart business decisions drive success. Our specialized inventory of commercial vehicles, combined with current tax incentives, creates an unprecedented opportunity for Florida business owners to upgrade their fleet while maximizing their tax advantages.
As your dedicated commercial vehicle partner, we've curated an extensive selection of tax-qualified vehicles that align with Florida's diverse business needs. From construction and landscaping to delivery services and mobile businesses, our pre-owned inventory includes vehicles that may qualify for up to 100% tax deduction under current depreciation laws.
Whether you're expanding your existing fleet or making your first commercial vehicle purchase, our team at SRQ Auto will guide you through:
- Finding the right vehicle that qualifies for maximum tax benefits
- Understanding Florida-specific commercial vehicle requirements
- Selecting vehicles that meet your business needs and budget
- Exploring flexible financing options designed for business owners
Important Information
Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayer's tax situation is unique - please consult your tax advisor to determine your business' vehicle depreciation deduction.
Commercial Body Styles
Box Truck
- Enclosed cargo area
- Multiple length options
- Roll-up rear door
- Perfect for deliveries
Service Body
- Compartmentalized storage
- Lockable tool boxes
- Custom configurations
- Ideal for contractors
Cargo Van
- Versatile interior space
- Easy urban navigation
- Multiple roof heights
- Customizable shelving
Dump Body
- Hydraulic lifting system
- Heavy-duty construction
- Various capacity options
- Built for durability
Understanding Business Vehicle Tax Benefits
Section 179 Deduction
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year. This includes vehicles used for business purposes, subject to certain limitations and requirements.
Key Benefits:
- Immediate tax deduction in the year of purchase
- Applies to both new and used vehicles
- Can be combined with other incentives
- Helps reduce current-year tax liability
Vehicle Requirements
Business Use
- Must be used for business over 50% of the time
- Requires documented business mileage
- Personal use reduces deduction amount
Documentation
- Purchase documentation
- Business usage logs
- Expense records
Vehicle Qualification Guide
Standard Deduction Vehicles
Eligible Vehicles
- Passenger vehicles under 6,000 lbs GVWR
- Light-duty trucks
- Small SUVs & crossovers
Enhanced Deduction Vehicles
Eligible Vehicles
- Heavy-duty trucks over 6,000 lbs GVWR
- Large SUVs over 6,000 lbs GVWR
- Commercial vans & cargo vehicles
- Electric vehicles for business use
- Available for commercial vehicles
- Special financing options
- Business-focused warranties
- Fleet Purchase Program
- Volume-based incentives
- Flexible financing terms
- Business association discounts
- Industry-specific programs
- Extended service plans
This information is provided for general educational purposes only. Please consult your tax professional for specific advice. 1 Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayers' tax situation is unique; please consult your tax advisor to determine your business' vehicle depreciation deduction. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2020 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2020 qualify for immediate depreciation deductions of up to $18,100 per vehicle. For more information, visit irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2020 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2019 qualify for immediate depreciation deductions of up to $18,100 per vehicle. For more information, visit irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability. 2 Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2019 qualify for immediate depreciation deductions of up to 100% of the purchase price.