Tax Benefits at Colorado Springs Dodge

Enjoy Additional Savings on the Next RAM Commercial Vehicle for Your Business

Are you looking to add to your small fleet of work trucks or utility vans but aren't sure that you have the funds to manage it? We are happy to help here at Colorado Springs Dodge, where incentives like Section 168(k) and Section 179 are specifically designed to help small business owners add more vehicles to help their business. Explore the benefits down below and give our finance team a call to discuss payment plans!

Section 168(k) Expensing

Most RAM commercial vehicles are considered qualified property for purposes of section 168(k) when it comes to federal income tax purposes. This allows small businesses to treat the cost of any qualified property, such as a RAM vehicle, as an expense deduction for the taxable year in which the property is purchased and put into service.

Section 179 Expensing

RAM trucks and utility vans are considered covered under Section 179 property for U.S. federal income tax purposes. This will allow small business owners to treat the cost of these vehicles much the same as Section 168(k) expensing. The difference being that a qualifying business can expense up to $1,040,000 of Section 179 property during the current year. This typically applies with first-year expensing.

First-Year Depreciation Limits

With our lineup of RAM trucks and commercial vehicles, you can enjoy up to 100-percent of the total purchase price deduction per vehicle. As long as the following vehicles qualify as business models, they will meet the requirements.

  • RAM 1500
  • RAM 1500 Classic
  • RAM 2500 and 3500
  • RAM 3500, 4500, and 5500 Chassis Cab
  • RAM ProMaster
  • RAM ProMaster City Cargo Van
  • RAM 1500 Crew Cab w/ 5.7-foot cargo bed

Don't wait to take advantage of these deals. Our finance team is happy to help you explore the benefits of Section 168(k) and Section 179 expensing, allowing you to save up to 100-percent of the cost and outfit your business with the vehicles you need! Give us a call today to discuss options!

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Disclaimer: Please consult a tax or financial professional to determine your specific tax benefits.
  1. Colorado Springs Dodge

    7455 Austin Bluffs Pkwy
    Colorado Springs, CO 80923-9272

    • Sales: 8557260638
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  • Contact our Sales Department at: 8557260638
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