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Tax Deduction

Tax Deduction Form

Business Vehicle Tax Deduction

Nissan Business Vehicle Section 179 Tax Deduction Qualifying Vehicles

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 invest in themselves.

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.

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*Vehicle pricing does not include dealer-installed options and a market value adjustment. All pricing plus tax, tag, title and $987.50 dealer fee. Price subject to change. Offers cannot be combined. Not valid on prior purchases. All pricing reflects rebates, programs and incentives available in the dealer's zip code 32837.

**Pricing advertised, does not include our 7yr /100K mile certified+ powertrain warranty. The customer has the option to add the 7yr/100K mile certified+ warranty for only $699.

***Pricing includes $1500 in qualified trade assistance and $1500 financing assistance

****Pre-Owned pricing includes $1500 in qualified trade assistance and $1500 financing assistance.

*****CPO vehicle pricing includes financing with Nissan (NMAC) or Hyundai (HMFC).