U.S. businesses still have time to take advantage of tax benefits on 2019 used equipment purchases. Equipment must be purchased and placed into service before midnight Dec. 31, 2019 to qualify, so now is the time to invest in the machines you need.
Bonus depreciation through Section 168(k) is 100% for 2019 and applies to used equipment. This allows for even greater deductions than in the past, and may even increase tax loss carry-forwards for some customers.*
Section 179 continues to apply to used equipment purchases, allowing qualifying customers to deduct the full purchase price of qualifying equipment up to a total of $1,020,000 for equipment purchased and placed into service on or after Jan. 1, 2019.*
You could identify significant savings with tax incentives designed to help you invest in your business, plus take advantage of our low 0% for 24 month** financing offer to take your savings even further.
If you’re ready for a high-quality used machine, now’s a great time to browse our used inventory.
* Customers should contact their tax professional for advice regarding proper tax treatment of these transactions and for details regarding bonus depreciation. Volvo Construction Equipment and Volvo Financial Services do not provide tax, legal or accounting advice.
** Final approved transaction terms are subject to standard Volvo Financial Services credit underwriting guidelines and advance policy. VFS reserves the right to amend or cancel the program at any time without notice. Approvals will state the program terms and any other conditions deemed appropriate by VFS. Offer expires December 31, 2019.