Section 179 Tax Deduction in Statesville, NC
Maximize your business's tax savings with the 2025 Section 179 tax deduction at Black Chrysler Dodge Jeep Ram. If you're thinking about upgrading your commercial business fleet, this is the perfect time to take action. Both new and used vehicles, whether purchased or leased, may qualify. Learn more about Section 179 tax savings and visit our Ram dealership in Statesville to check out our inventory to see which models qualify!
Section 179 Deduction Limits & Updates for 2025
The Section 179 deduction limit is now $2,500,000 for 2025 -- double what it was at the start of the year. The spending cap is $4,000,000, up significantly, allowing for more purchasing power before the deduction begins to phase out dollar for dollar. You'll reach complete phase-out at $6,500,000 in total purchases.
Section 179 tax deduction specifics include:
- Deduction limit: $2,500,000
- Spending cap: $4,000,000
- Complete phase-out: $6,500,000
- Applies to new and used equipment/vehicles (as long as new to your business)
- Must be purchased and put in service by December 31, 2025
- Vehicles must be titled in your company's name and used for business purposes more than 50% of the time
2025 Section 179 Bonus Depreciation: Now at 100%
For 2025, the bonus depreciation rate is 100%, providing additional immediate savings for qualifying asset purchases -- both new and used. This incentive is fully available after your business exceeds the Section 179 spending cap. Whether you want to buy a new Ram truck in Statesville or finance a pre-owned Jeep, you can save with Section 179!
2025 Section 179 Vehicle Deductions At a Glance1
- New & Used Vocational Trucks and Vans: Full deduction available
- Heavy SUVs & Trucks (over 6,000 lbs. GVWR): $31,300 maximum Section 179
- Cars, Light Trucks & SUVs (under 6,000 lbs.): $20,400 first-year maximum
- Business use: Must exceed 50%
- Deadline: Vehicle must be placed in service by December 31, 2025
- Bonus Depreciation: 100% available
At Black Chrysler Dodge Jeep Ram in Statesville, popular vehicles that qualify for Section 179 include:
- Ram 1500, 2500 & 3500
- Ram ProMaster® & ProMaster® City
- Jeep Grand Cherokee
- Dodge Durango
- Chrysler Pacifica
Why Take Advantage of Section 179 at Black CDJR?
Our team is here to guide you through the process, ensuring you select the right work truck and commercial vehicle financing options that fit your business goals. Contact Black Chrysler Dodge Jeep Ram today to discuss your fleet needs, get a Section 179 consultation and maximize your 2025 tax deductions before it's too late.
Ready to get started? Schedule a test-drive or call our Statesville Jeep and Ram dealership today. Save big, drive better and take control of your business's bottom line!
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1 Accurate at time of publishing. Please see https://www.section179.org/ for most up to date information.