There is still time!! 2016 Tax Incentives

Just a few weeks left of this year! It’s not too late to take advantage of the Section 179 tax deduction. This deduction is good on new and used equipment financed/purchased and put into service by midnight 12/31/2016.

What is the Section 179 Deduction?

Basically, Section 179 is an incentive created by the U.S. Government for small businesses to invest in themselves, although large businesses can benefit as well. It allows businesses to deduct the full purchase price, of qualifying equipment, from your gross income. The total amount available for write off is $500,000 on a spending cap of $2,000,000 in equipment purchases made in 2016.

Here is an example of how Section 179 works:

To find out all the ins and outs of Section 179 and the answers to all your questions, visit the official website at www.section179.org. An example from said website is the answers to the three most common questions:

Answers to the Three Most Common Section 179 Questions

How Much Can I Save on My Taxes in 2016?
It depends on the amount of qualifying equipment and software that you purchase and put into use. See the handy Section 179 Calculator that's fully updated for 2016, and includes any/all increases from any newly enacted PATH Act.

What Sort of Equipment Qualifies in 2016?

Most tangible business equipment qualifies. Click here for qualifying property.

When Do I Have to Do This By?

Section 179 for 2016 expires midnight, 12/31/2016. If you wish to deduct the full price of your equipment from your 2016 taxes and take advantage of the new higher deduction limits, it must be purchased and put into service by then.

Many businesses are finding Section 179 Qualified Financing to be an attractive option in 2016, especially since the year-end increases don't leave much time for action. Please apply today.

The Section 179 Deduction can be applied to purchases on any capital equipment like the Service Truck Bodies from Fleetwest. To see the complete Fleetwest Line visit our website at www.Fleetwest.net and get a quote today.

Nissan Titan Attempt to Rev-up Full-Size Sales

2016 Nisssan Titan XD (photo:http://www.2017nissantitan.com/)

Nissan and Toyota have tried for years to increase sales of the full-size pickup trucks only to get lost in the dust of the American market leaders. According to Autodata Corp., Japanese branded full size pickup trucks account for just 6% of the 1.3 million trucks sold in the first seven months of this year. Ford was the market leader selling 460,901 F-Series trucks. GM was a close second with 327,768 Silverados and 128,894 GMC Sierras. Fiat Chrysler Automobiles came in third with 271,232 Rams sold. Toyota contributed with 65,440 Tundras sold and Nissan sold 7,242 Titans.

Source: Autodata Corp & Truck.com

Nissan is hoping to shake up the market and boost the sales of its new Titan truck family by offering a five-year, 100,000-mile bumper-to-bumper warranty. The current industry standard is a three-year, 36,000-mile guarantee for pickup truck sales. Nissan would like to increase their sales to around 100,000 trucks annually raising their percentage of market sales to 5%. Hyundai used this trick back in the late 90’s and it did wonders for their sales.

Nissan is aware that they are competing with brands that customers have built long standing relationships with. Typically, truck drivers are loyal to their brand and have been for generations and more than half of repeat owners return to the same brand. It’s not that Nissan doesn’t have a good reputation; it’s just that full-size truck buyers may not relate Nissan with full-size trucks.

The new warranty will start with the new full-size diesel Nissan Titan XD and carry over to the gas version of the XD currently in production. Nissan will also start shipping its smaller half-ton Titan trucks in late September. This redesigned Titan, powered by the same 5.6-liter V8 gas engine as its bigger brother, will replace the current 13 year old model that was due for an upgrade.

Another upgrade you could make to your Titan would be to add a Fleetwest transferable truck body. The Load’N’Go Sportsman is a nice addition to the Titan XD and is light enough for the ½ ton version as well!  The Sportsman is available for 8’ and 6.5’ truck beds and fully transferable even loaded with tools and equipment. Call for a quote today. (866) 497-7200

www.fleetwest.net

Change is good!

Trucks have come a long way in the last 60 years…so why not the same with work trucks? It's time to change the way your Fleet handles tool storage. Instead of the same old Bolt-On bodies that have been made for years, it’s time to think outside of the box; or in this case, inside of the truck bed. Have you heard about the latest work truck technology? The fully transferable truck bodies from Fleetwest are the most versatile and user friendly service - utility Bodies available today. We have a proven technology for increasing technician efficiency and reducing fleet costs.

The Load’N’Go Open Bed by Fleetwest is just one example. It looks very similar to a bolt-on, but can be transferred from one truck bed to another fully loaded, with a no-holes drilled installation. This ability reduces downtime if a vehicle is in need of repair; or removed and put on jacks at a job site to keep your tools safe and secure during the duration of a project. The Load’N’Go is a universal fit for new or existing fleet trucks; full size Ford, Chevy/GMC, Dodge and Toyota trucks with 8’ long and 6.5’ short beds. With the ability to outlast multiple trucks, you get the highest return on investment with a transferable truck body. And that was just a few of the cost-saving benefits.

Start Your Fleet’s Evolution Today!

Call toll-free in the U.S. at (866) 497-7200

Luke Parrott                  Bill Butler
   (480) 261-1058               (602) 736-3919