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It weighs 6,000 pounds. Section 179 of IRS says anything over 6,000 pounds, you can write off 100%. ... Car insurance premiums in America are through the roof — and only getting worse.
With the average cost of a new car over $47,000, buyers want to know how reliable their preferred choice will be before laying down that kind of scratch, even if sticker prices drop this year....
Up to $25,500 of the cost of vehicles rated at more than 6,000 pounds gross vehicle weight and not more than 14,000 pounds gross vehicle weight (like RV) can be deducted using a section 179 deduction. [9] The limitation on sport utility vehicles does not impact larger commercial vehicles, commuter vans, or buses.
Car prices have spiked over the past few years, with the average transaction price of a new car being $48,937 in September, up from just under $40,000 in early 2020.
Over time, payload capacities for most domestic pickup trucks have increased while the ton titles have stayed the same. The 1948 Ford F-1 had a Gross Vehicle Weight Rating (GVWR) of 4700 pounds. [24] The truck was marketed with a "Nominal Tonnage Rating: Half-Ton." [24] The actual cargo capacity had increased to 1450 pounds. [24]
The automotive industry is in a precarious situation and its hurting customers where it matters most: in their wallets. Four years after the start of the COVID-19 pandemic, new car prices remain...
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According to 2022 Census data, the median household income in the U.S. was $74,580. For Americans making significantly less than that, a car is a major purchase with many factors to consider. Not...
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