New Ram Truck Section 179 Tax Savings in Minnesota

Now is an excellent time to buy a new Ram truck or Jeep SUV for your business! Visit our Dodge and Ram dealership in Thief Rivers Falls to browse our inventory and see how you can save with the Section 179 tax deduction. This tax-savings program allows businesses to invest themselves, making it possible for a business to write off up to the full amount of a new or used vehicle

Visit us to review the Section 179 tax advantages and see how much you can save when you buy a Ram 1500 or Dodge Durango for your business. This tax deduction can be applied to many different vehicles on our lot, so long as they're in operation by end of day on December 31, 2024. Save on a new Jeep or used work truck for your business today!

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2023 Ram Trucks in a dirt lot
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2024 Section 179 Tax Deduction Limits

The Section 179 limits and guidelines include:

  • 2024 Deduction Limit: $1,220,0001
    • Valid on new and used equipment (must be new to buyer), either purchased or leased.
  • 2024 Spending Cap: $3,050,0001
    • Upon reaching this cap, deduction is reduced on dollar-for-dollar basis.
  • 2024 Bonus Depreciation: 60%
    • This tax benefit enables a business to deduct a substantial percentage of the purchase price of qualifying assets immediately.
    • Typically claimed after the Spending Cap is achieved.
    • Applicable to both new and used vehicles.

Contact Westside Motors of TRF to learn more about how to take advantage of the full Section 179 tax deduction. Simply purchase an eligible vehicle from our lot and have it titled in your company's name by the end of the year.

Which Vehicles Are Eligible for Section 179 Savings?

New and used vehicles eligible for the Section 179 tax deduction include:

  • Ram 1500
  • Ram 2500
  • Ram 3500
  • Chrysler Pacifica
  • Dodge Durango
  • Jeep Grand Cherokee & Grand Cherokee L
  • Jeep Wrangler Unlimited
  • Jeep Gladiator

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