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Tax benefits for new auto purchases set to end after 2013


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KENOSHA, WI--Nov. 27, 2013: For business owners who anticipate needing a vehicle in the coming year for business purposes, now would appear to be the time to buy in order to take advantage of a tax benefit that will soon be history. The incentive, designed by Congress to encourage the modernization of businesses throughout the nation, has provided accelerated depreciation provisions to allow business owners to deduct more for depreciable business assets such as work vehicles. The effort has resulted in many business owners taking advantage of the opportunity, but the time to take advantage will end at the close of the current calendar year.

Business owners are now encouraged to take stock of their current equipment and projected needs to determine whether an automobile purchase is likely to become necessary in the coming months. Those who are able to ascertain that such a need exists will likely want to make those purchases in the coming month while the incentives remain on offer.

Palmen Motors of Kenosha, Wis. is preparing for the anticipated influx of business owners wanting to take advantage of the incentives by bolstering their stock of Ram vehicles such as the 2014 Ram Promaster. The Promaster, a cargo van designed specifically to help business owners to move cargo safely and conveniently, is expected to be a big seller among owners looking to upgrade their current work vehicles in order to benefit from the depreciation bonus. Palmen Motors offers a variety of Ram 4x4 trucks that will also be well-suited to a number of area business needs.