Ford® 2020 Fall Commercial Vehicle Season | Your Future Is Our Business

Save on These Ford Commercial Vehicles

 

Purchase a New Ford Commercial Vehicle for a Potential Tax Savings Opportunity10

 

Under Section 168(k) of the IRS Tax Code, many businesses that invest in new equipment, including qualifying new vehicles, can potentially deduct a maximum of the entire purchase cost, of one or more business vehicles, on their IRS tax returns.

 

Qualifying Ford Commercial vehicles include: Ford Transit, E-Series, F-150, F-250/350/450/550/600 Super Duty, F-650/750 Medium Duty and Stripped Chassis. For more information, visit IRS.gov and contact your tax professional.

 

 

 



*Based on IHS Markit CY1985-2019 US TIPNet Registrations excluding registrations to individuals. TIP Registrations prior to 2010 do not include all GVW 1 and 2 vehicles.

1. Take new retail delivery from an authorized Ford Dealer’s stock by 11/3/20. See an authorized Ford Dealer for complete details and possible program extension.

2. Must be a business owner to qualify for these incentives. Units receiving any form of CPA (56A), GPC, Long-Term Rental (56K) or other concessions are ineligible. Take new delivery from an authorized Ford Dealer’s stock by 1/4/21. Restrictions apply. See an authorized Ford Dealer for qualifications and complete details. 

3. Must be a business owner to qualify for these incentives. As of 11/1/19 fleet deliveries will no longer qualify for upfit reimbursement. Take new retail delivery from an authorized Ford Dealer’s stock by 7/31/21. Restrictions apply. See an authorized Ford Dealer for qualifications and complete details.

4. No upfit minimum required. Receive Upfit Assistance for the entire cost of the upfit up to $1,000.

5. Take new retail delivery from an authorized Ford Dealer’s stock by 11/3/20. Customers who currently own or lease a 1995 or newer E-series are eligible for the Owner Loyalty offer toward the purchase or lease of a new 2020 Transit. No trade-in required. See an authorized Ford Dealer for qualifications and complete details.

6. Take new retail delivery from an authorized Ford Dealer’s stock by 11/3/20. Competitive conquest is available to customers who currently own or lease a 1995 or newer non-Ford/Lincoln/Mercury vehicle. Customer must have owned or leased the eligible vehicle for a minimum of 30 days prior to the sale date of the new vehicle. Trade-in or lease terminations not required. Residency restrictions apply. 

7. No upfit minimum required. Receive Upfit Assistance for the entire cost of the upfit up to $500.

8. No upfit minimum required. Receive Upfit Assistance for the entire cost of the upfit up to $1,500.

9. No upfit minimum required. Receive Upfit Assistance for the entire cost of the upfit up to $1,000.

10. Under Bonus Depreciation in Section 168(k) of the Internal Revenue Code, companies may be eligible to fully expense the cost of trucks, vans and SUVs rated over 6,000 lbs. GVWR, when purchased for business use. Trucks and vans that are considered passenger vehicles, rated under 6,000 lbs. GVWR, are limited to $18,100 of depreciation in the year of purchase with normal MACRS depreciation on the remaining basis in the vehicle in subsequent years. A vehicle is not considered a passenger vehicle, and is thus not limited to the lower depreciation amounts, if it is considered a “qualified non-personal use vehicle.” Qualified non-personal use vehicles are vehicles that, by virtue of their nature or design, are not likely to be used more than a de minimis amount for personal purposes. Examples of qualified non-personal use vehicles include 1) a vehicle that can seat nine-plus passengers behind the driver’s seat, 2) a heavy non-SUV vehicle with a cargo area of at least six feet in interior length or 3) a vehicle with a fully enclosed driver’s compartment/cargo area, no seating behind the driver’s seat, and no body section protruding more than 30 inches ahead of the leading edge of the windshield. For more information, see IRC Section 280F(d)(7), Income Tax Reg. Sec. 1.280F-6(c)(3)(iii), Income Tax Reg. Sec. 1.274-5T(k), and Revenue Ruling 86-97, and contact your tax advisor for details. Only applies to business vehicle purchases occurring after Dec. 31, 2019, and by Dec. 31, 2020. Consult your tax advisor as to the proper tax treatment of all business-vehicle purchases.