|Tax Treatment:||Applies To:||Eligible Vehicles:|
|Up to 100% of the purchase cost in the first year*||Trucks and Cargo Vans over 6,000 lbs. GVWR||
F‑150 (6.5‑ft. or 8‑ft.bed)
F‑250/F‑350 Super Duty Transit Van
|Up to $25,000 of the purchase cost in the first year*||Passenger Trucks/Vans and SUVs over 6,000 lbs. GVWR||
F‑150 SuperCrew (5.5‑ft. or 6.5‑ft. bed)
|Up to $11,560 in the first year*||Trucks and Cargo Vans under 6,000 lbs. GVWR||
Transit Connect Van
Transit Connect Wagon
|Up to $11,160 in the first year*||Passenger Automobiles under 6,000 lbs. GVWR||Edge, Flex, Escape, Focus, Explorer, Fusion, Fiesta and Taurus|
*Plus any remaining basis using MACRS method
Section 179 is the current IRS tax code that allows you to buy qualifying Ford vehicles and deduct up to the full purchase price (including any amount financed) from your gross taxable income if purchased before December 31, 2019. That means that if you buy a piece of qualifying equipment and products, you may be able to write off up to the FULL PURCHASE PRICE from your gross taxable income this year!
Trucks with a GVWR greater than 6,000 lbs. and a bed length of at least six feet (i.e., Ford F‑150/F‑250/F‑350) qualify for the maximum first‑year depreciation deduction of up to the FULL PURCHASE PRICE. SUVs, including trucks, with a bed length of less than six feet and a GVWR greater than 6,000 lbs. (i.e., Ford F‑150 SuperCrew 5.5 ft. bed, Explorer, Expedition) qualify for a maximum first year depreciation deduction of up to the first $25,000 of the full purchase price plus 60% depreciation of any remaining balance.
The qualifying vehicle must be purchased and placed into service between January 1, 2019, and December 31, 2019. It must be used at least 50% for business, based on mileage, in the first year it is placed in service. So if you choose to use it for both personal and business use, the cost eligible for the deduction would be the percentage used for business. Please note that all businesses that purchase and/or finance less than $2.5 million in business equipment during tax year 2019 should qualify for the Section 179 deduction.
In addition to the significant tax savings opportunities above, you can also take advantage of current promotions*, plus any applicable Customer Cash offers. It really is an incredible time to buy.Shop New Inventory