How does the Mercedes-Benz Smart Key Feature Work?
Technology integration in its vehicles has always been a forte of Mercedes-Benz. One of those excellent technology features found in Mercedes-Benz cars is the Smart Key Feature. If you are interested to learn more about it, then Mercedes-Benz of Salisbury in Salisbury, MD, has this video for you to check out. In case you want to know about the services that we provide at our dealership, then do not hesitate to call us or visit us at your convenience.
What is the Cargo Space and Passenger Volume in the 2021 Mercedes-Benz G 550?
When it comes to luxury SUVs, the 2021 Mercedes-Benz G 550 is bound to come to your mind, isn’t it? The vehicle is extremely impressive in every category. Whether it is the engine performance, design or specifications, the 2021 Mercedes-Benz G 550 scores top points in every category. However, in this article, we at Pohanka Mercedes-Benz of Salisbury in Salisbury, MD, discuss the cargo space and internal dimensions of the 2021 Mercedes-Benz G 550. Take a look!
What are is Engine Performance of the 2021 Mercedes-Benz C 300 4MATIC?
The 2021 Mercedes-Benz C 300 4MATIC is one of the most luxurious sedans in the market. Whether it is the build quality, the style or performance, this vehicle excels in every category. Therefore, we at Pohanka Mercedes-Benz of Salisbury in Salisbury, MD, have this blog post for you, where we discuss the engine performance and fuel efficiency of this magnificent sedan. Let us begin!
Fleet vehicle tax benefits for business owners in Salisbury, MD
Buying new fleet vehicle involves a lot of contemplation of which the most important is how much tax benefit can I get? Section 179 of the Tax Code talks about fleet vehicle tax benefits for buying vehicles under your business name. While coupes, sedans, small trucks, and small SUVs can deduct up to $18,100 per vehicle, larger trucks, SUVs, and vans can deduct up to 100% of the purchase price or $25,000 max. Here we are going to answer all your questions on fleet vehicle tax benefits for business owners in Salisbury, MD.
Mileage based deduction: You can claim $0.575 for each mile driven for business purpose, which is a significant amount. If your vehicle is fuel-efficient and in good condition, you’ll save more with the mileage-based deduction. On the flip side, if you choose mileage-based deduction, you cannot claim the depreciation or expense-based deductions.
Expense based deduction: Although this system is lengthier than mileage-based model as it requires you to collect all receipts and add them up while filing taxes, but you can claim far more extra on this model. It covers gas payments, insurance, lease, tire, car wash, parking and tolls, maintenance, and more.
1. When you buy your vehicle through your business, it becomes a business vehicle and gets you tax deductions under business operation cost. In this case you must note and only business trips can be deducted. If you use the business vehicle for personal use, it will not be deducted.
2. If you have employees that need to drive or require transport from office, you can get tax benefit for it. Employee expenses are generously deducted in taxes. But you can only benefit from these deductions only after you reimburse your employees when they incur expenses, not before it.
3. Your daily commuting mileage and expenses aren’t deductible. So, you’ll need to subtract the miles you accrue commuting from the total mileage of the vehicle.
4. Your personal FICO credit score is also assessed along with your business, to get a business auto loan.
Purchasing a vehicle through your business can save you plenty in taxes and deductions for expenses only if you use it for qualifying purposes. Drop by at our showroom Pohanka Mercedes-Benz of Salisbury to know your exact savings or for a test drive.
Often while looking at finance options for your new vehicle, you might have come across the term Flexible Financing. Ever wondered what it is? Here we are going to explain all about flexible finance and how you can use it for your next car finance.