Are there tax advantages to buying a new vehicle before December 31?
If you are self-employed, a contractor or own your own business you may want to consider whether or not it is advantageous to upgrade your vehicle before December 31. Depending on your current situation there may be some tax advantages to doing this before the year end. This can apply whether you own your vehicle outright, have financing in place or lease your vehicle. The first step is to consult with a Tax Expert to review your current situation and develop an action plan that works best for you. They can help establish a plan to ensure that your future vehicle purchase maximizes your potential associated vehicle expense deductions while meeting your business needs..
Remember that the DRIVE IT HOME HOLIDAY EVENT ends soon:
- up to $12,750 in year end incentives and rebates on select vehicles.
- up to $3,000 in extra loyalty incentives (Conditions apply - Inquire to see if you qualify.)
- interest rates are as low as 3.49% OAC.
- we want your trade and will pay top dollar for it.
Be part of our 70 year journey as your 'No-Hassles, No-Nonsense' local dealership since 1952.