tax benefits for new truck

Discussion in 'Trucks and Trailers' started by Smitty58, Jan 3, 2004.

  1. Smitty58

    Smitty58 LawnSite Senior Member
    Posts: 531

    Does anyone know what the benefits are of buying a new truck. I thought I heard of a bonus write off for 04. I've got the bug for a 4x4 F-250 or F-350 crew cab diesel. Anyone leased one of these that can share some info?
     
  2. Alan Reagan

    Alan Reagan LawnSite Member
    Posts: 14

    I too have heard there is a write off on the diesel trucks but don't know the details.
     
  3. pottstim

    pottstim LawnSite Senior Member
    Posts: 501

    I heard that you could write off 100% of the purchase price of a vehicle (over 6,000 GVW) in the first year if you purchased your vehicle no later than 12-31-03.
     
  4. Ryan Lightning

    Ryan Lightning LawnSite Senior Member
    from CA
    Posts: 554

    How will a tax write off work on a new used truck that I bought?
     

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