The Reality Reports

Many business owners hear about the IRS Section 179 tax deduction and wonder how it works for vehicles weighing more than 6,000 pounds. This tax rule can allow a business owner to deduct part or even most of the cost of a qualifying vehicle in the same year it is purchased. However, there are rules, limits, and qualifications that must be understood before claiming the deduction.

What A Warranty Really Means: Many car owners believe their warranty covers almost everything that could go wrong. In reality, most warranties are limited and only cover certain parts and problems. A basic factory warranty usually focuses on defects in materials or workmanship. This means if something breaks due to poor manufacturing, it may be covered. But normal wear, accidents, and neglect are usually not included.