Business Vehicle Tax Deduction
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Tax Deduction Eligibility for Qualifying New Nissan Vehicles
Up to $18,100 Deduction Per Vehicle*
Nissan Vehicle Models Eligible for Tax Deductions
The following table lists various Nissan vehicle models that qualify for tax deductions, along with their respective categories. This information can help potential buyers understand their options and the benefits associated with each model.
| Vehicle Model | Category | Tax Deduction Eligibility |
|---|---|---|
| Versa Sedan | Compact Car | Up to $18,100 |
| Leaf | Electric Vehicle | Up to $18,100 |
| Maxima | Full-Size Sedan | Up to $18,100 |
| Pathfinder | SUV | Up to $18,100 |
| Versa Note | Hatchback | Up to $18,100 |
| 370Z Coupe | Sports Car | Up to $18,100 |
| Rogue | SUV | Up to $18,100 |
| Frontier | Pickup Truck | Up to $18,100 |
| Sentra | Compact Car | Up to $18,100 |
| 370Z Roadster | Sports Car | Up to $18,100 |
| Rogue Sport | Subcompact SUV | Up to $18,100 |
| Armada | Full-Size SUV | Up to $18,100 |
| Altima | Midsize Sedan | Up to $18,100 |
| GTR | Sports Car | Up to $18,100 |
| Murano | Midsize SUV | Up to $18,100 |
| Kicks | Subcompact SUV | Up to $18,100 |
| NV200 Compact Cargo | Commercial Van | Up to $18,100 |
This table provides a comprehensive overview of Nissan vehicles that are eligible for tax deductions, making it easier for consumers to identify which models may offer financial benefits when purchased. Be sure to consult with a tax professional for personalized advice regarding deductions.
Nissan Business and Fleet Vehicles
Local businesses interested in expanding their current fleet of company vehicles or looking to take their goods and services on the road are eligible for a tax deduction of up to $18,000 per vehicle when they shop from our selection of new Nissan models at Universal Nissan in Orlando. Vehicles like the Altima, Sentra, and Versa are excellent for the road warriors who do a lot of traveling, alternatively our selection of crossovers and SUVs like the Rogue, Pathfinder, and Murano provide safety and efficiency, plus additional versatility with more cargo and passenger space! Whatever your business needs may be, the Nissan line-up is sure to have something well suited for your company. Read on to learn more about the Section 179 Tax Deduction or contact us to get started.
Section 179 - A Small Business Benefit
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and vehicles.
In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example).
Now, while it’s true that this is better than no write-off at all, most business owners would really prefer to write off the entire equipment purchase price for the year they buy it.
And that’s exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year. In this case, qualifying equipment means a new Nissan business and fleet vehicle.
This has made a big difference for many companies (and the economy in general.) Businesses have used Section 179 to purchase needed equipment right now, instead of waiting. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2020 tax return.
*content attributed to section179.org
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