BIG TAX BREAK For Small Businesses
BIG TAX BREAK For Small Businesses

Section 179 Tax Savings

Section 179 of the I.R.S. tax code offers significant deductions on qualifying business vehicles.

What business vehicles may qualify?2

You may qualify if you:

  • Are a business that purchased or financed qualifying new or used business equipment, including certain business-use vehicles, during the 2023 tax year.
  • Put the equipment into service between January 1, 2023, and December 31, 2023.
  • Used this equipment for business purposes more than 50% of the time.
  • Spent less than $4,050,000 on this equipment.

How much could I deduct?

These are the limits:

  • You cannot write off more than $1,160,000.
  • The total amount of the equipment purchase cannot be more than $2,890,000. It phases out dollar-for-dollar after that, so once $4,050,000 is spent, the deduction goes away entirely.

Section 179 highlights

  • Section 179 allows qualifying businesses to deduct up to the full purchase price of certain new or used vehicles, equipment and/or software purchased and placed into service during the tax year.
  • To qualify, the percentage of business use for the vehicle, equipment or software must be more than 50%
View Sprinter and Metris Inventory

Section 179 Tax Savings

Contact us to discover how a new Mercedes-Benz van can benefit your business.
  • By continuing, you agree to Grieco's terms. Terms
    I agree. As part of your relationship with Grieco Automotive Group, we want you to have complete and current information regarding products and services offered by or on behalf of Dealer. You expressly consent to be contacted by us, our agents, representatives, affiliates, or anyone contacting you on our behalf for any and all purposes arising out of our relationship and the products and services we provide at any telephone number or physical or electronic address you have provided. You certify, warrant and represent that the telephone numbers you have provided to us are your contact numbers. You represent that you are permitted to receive SMS messages and/or calls at each of the telephone numbers you have provided. Further, you agree to notify us should you relinquish any of the telephone numbers provided. You agree we may contact you in any way, including SMS messages (including text messages), calls using automated technology, pre-recorded messages or artificial voice, and calls and messages delivered using an automatic telephone dialing system or an automatic texting system. Message and data rates may apply. Your consent covers all communications, as described above, relating to any product offered by us or on our behalf, either now or in the future. You understand and agree you are not required to provide this consent as a condition of purchasing products or services. You understand and agree that you may withdraw your consent to be contacted at any time using a provided direct opt-out mechanism such as a key-activated-opt-out mechanism for live calls, by calling toll free at 805-665-3011 and a reply of “STOP” for text messages. Your consent remains in effect until you give us notice that you are withdrawing it and after we have had a reasonable opportunity to act upon it. Close
  • This field is for validation purposes and should be left unchanged.

This site is protected by reCAPTCHA

  1. $6,069 tax savings based on 21% federal corporate tax rate and eligibility to claim full $28,900 IRS Section 179 tax deduction for qualified vehicles. Your tax rate and eligibility may vary. Please consult a tax professional for more information on your federal tax rate and potential tax savings available to you for qualifying purchases. This information does not constitute, nor is it intended to be, legal, tax, financial planning or investment advice and should not be relied upon as much.

    $28,900 tax deduction for qualifying vehicles based on current Section 179 of U.S. tax code and maximum deduction permitted for such vehicles under Section 179. Vehicles must be purchased for business use. Please consult your tax advisor. This information does not constitute, nor is it intended to be, legal, tax, financial planning or investment advice and should not be relied upon as such.

  2. Select Model Year 2023 Sprinters may come equipped with modified reflectors found on the rear bumper of the van.

    Offer valid through December 31, 2023.

Search Vehicles

Search By Keyword:
Search By Filters:

Contact Us

Main 805-665-3011 Parts 805-946-0847 Sales 805-665-3011 Service 805-457-2015
1511 Auto Center Drive
Oxnard, CA 93036
Get Directions

Saved Vehicles

You don't have any saved vehicles!

Look for this Save icon

Once you've saved some vehicles, you can view them here at any time.

Mercedes-Benz of Oxnard 34.22684860229492, -119.1491470336914.