Are you delaying your buying decision to 2020…DON’T! Take advantage of bonus depreciation for new and used equipment in 2019.
What is bonus depreciation?
Bonus depreciation is a method of accelerated depreciation. This allows a business to make an additional deduction of 100% of the cost of qualifying equipment in this year in which it is put into service.
For more information visit: https://www.irs.gov/newsroom/additional-first-year-depreciation-deduction-bonus-faq
How to take advantage of 100% bonus depreciation deduction:
- Purchase your equipment at JX Truck Center in 2019.
- Purchase new or used equipment.
- There is no dollar limit on the amount of qualified equipment.
With winter around the corner, JX Financial is offering Finance Specials to help you take advantage of bonus depreciation in 2019. Now is a great time to prepare for 2020 and take advantage of bonus depreciation in 2019.
If you are interested in financing with JX Financial or Alltrux Capital apply online today.
Authors: Connie Marlatt – F&I Executive & Kathy Moseng – F&I Executive