Reasons Why You Should Purchase a Car Before the Year Is Over

 Put that Christmas bonus to good use and take the next step towards purchasing the automobile you've been coveting all year long by taking advantage of the opportunity. It is the time for a new year, which means it is time for a new you. What could be a better way to enhance that mindset than to get a stunning new sell your luxury car to replace that clunky old one?

Gifts given during Christmas

The winter vacations follow the conclusion of the calendar year. Do you have a kid or a significant other who is going to need a new automobile in the near future? Why not make things easier on yourself and give something really unique for Christmas this year? Because of the size and diversity of our inventory, we are able to provide almost new luxury automobiles at prices that are very reasonable without sacrificing quality. Right now would be a good time to stop avoiding the unavoidable and finally get it done.

Personal tax advantages

A combined deduction of up to $10,000 may be claimed by married couples against their state and local taxes beginning in 2018. Consequently, if you have not yet reached your limit and are thinking about purchasing a new vehicle in the near future, this is an excellent way to maximise your deduction. Additionally, many different professions can now take advantage of the pass-through income benefits offered by partnerships and S corporations. This tax benefit will end in 2025, but until then, you are able to deduct 20% of the cost of your car. If you are thinking of purchasing a vehicle for work, now is the best time to do so in order to take advantage of these savings.

Business tax advantages

If you use your vehicle for business more than fifty percent of the time in 2018, you will see a significant increase in the depreciation costs associated with premium vehicles. You may also be eligible to deduct part of the money you spent on the repairs from your taxes. The purchase of a car is considered a capital cost; however, because these expenses are expected to last longer than one year, they are not deductible. However, with a 179 deduction, there is an allowance for depreciation of the vehicle's value. With depreciation, you can recoup the costs of an asset by spreading the tax deduction out over a period of several years.

You don't even need a good reason to justify purchasing a new vehicle this year; you should do it anyway. You put in a lot of effort, and it's only fair that you reap the rewards of your labour. You should still go out of your way to do something nice for yourself because you deserve it, even if none of the circumstances described above apply to you.

In a nutshell, if you have been thinking about sell us your vehicle, the time to do it is RIGHT NOW. If you have been thinking about making a purchase in the near future or have been contemplating making a purchase, you really can't afford to pass up this chance given the incentives and tax advantages that are available until the end of the year. To schedule an appointment for today, please give us a call at (954)-302-2650, message us on Facebook, or use the contact form on our website.

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