If You Are Buying A New Vehicle, Consider Wraps or Cut Vinyl Graphics
At S2 Imaging, we embrace planning ahead, especially when tax season is just around the corner. We hope you are having a great year and now find yourself in the situation of finding effective ways to reduce your taxable income.
In this calendar year, a business is allowed 50% bonus depreciation on new assets purchases. In addition to bonus depreciation, a business can also elect section 179 depreciation. The sum of these two options can result in notable tax savings for your business or organization.
If your business is considering purchasing a new vehicle, remember that you can claim up to $11,160 in depreciation in 2012 if the vehicle has a gross vehicle weight under 6,000 pounds. A vehicle with a gross vehicle weight over 6,000 pounds (which is not limited by the luxury auto rules) can claim a substantial write off in the year of purchase. For example, a $40,000 truck (gross vehicle weight over 6,000 lbs) can claim a first year depreciation deduction of $34,000. That’s a nice incentive to finalize your purchase before December 31st and claim that deduction on this year’s taxes!
Another tax advantage we saw last year was that manufacturers were offering nice incentives or good prices to get business owners to make a purchase decision by December 31st. We’re keeping our fingers crossed that we see a repeat of those incentives in the coming months.
As we move into fall, now is the time to get organized and maximize your available deductions by completing a truck, van, backhoe or dump truck purchase before January 1st. Of course, each organization’s tax situation can vary. Therefore you should always speak with your tax advisor to discuss your actual tax savings.
When making that decision to add another vehicle to your fleet, don’t forget about vehicle graphics. Vehicle graphics and wraps are an invaluable tool for branding your company, increasing your marketing opportunities, and diversifying your customer base. Delivery vehicles and service trucks on the road can be viewed more than 70,000 times in a single day, making them one of the most cost effective marketing tools available. Outfit your company vehicles in branded vehicle wraps to capitalize on this opportunity and increase marketing for your organization.
At S2 Imaging, we have more than 20 years of experience designing, printing, cutting, and installing vehicle wraps or graphics. We use only the best materials to ensure your vinyl graphics and lettering stay vibrant and firmly in place, without worry of peeling or fading. Whether you are looking for cut vinyl graphics for your company car, partial vehicle wraps for a service van, or full vehicle wraps for an entire fleet of trucks, we have the eye-catching solution that is right for you. From vans, cars, trucks, and trailers to boats, scooters, and race cars, we can turn any smooth surface on wheels into a branded advertising opportunity that is sure to get your organization noticed.
For more information about vehicle wraps and graphics, or to get a quote for your custom signage needs, contact us today. Vehicle graphics can take a few weeks to move from conception to installation, so don’t hesitate to start your order now in order to complete your vehicle wrap by the end of the year!
