Sprinter Van Tax Deductions

Mercedes-Benz Sprinter Van

The Mercedes-Benz Sprinter has always been a reliable and attractive van that can give your business a needed boost. You can use it to haul equipment, or transport workers to and from locations around Princeton and Hamilton in comfort. With up to 533 cubic feet worth of cargo capacity, you can easily find the version of the Sprinter that works best for you and your business. But did you know, that the Sprinter is also tax deductible? Not only can you save money on an attractive cargo and passenger van with our new vehicle specials, but you can also write them off on your taxes!

Find out more about the Sprinter van tax deductions below with Mercedes-Benz of Princeton, as well as some reasons why you should take advantage of the Sprinter from Mercedes-Benz of Princeton. Have any questions? Contact us today so we can help your business grow.

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How Much Can You Deduct?

When it comes to vehicles that are strictly for business use, the IRS has specific rules about what can and can’t qualify for a deduction. The good news is that in many cases, the Sprinter is able to easily qualify alongside the Mercedes-Benz Metris. But how much can you deduct, and how do you go about writing them off?

The short answer is that under the IRS Tax Code section 179, you are allowed to deduct the full purchase price from your gross income of any business equipment, tools, software, vehicles, and assets that would lose value due to depreciation up to a maximum of $1.16 million in 2023. However, the asset must be used at least 50% of the time for your business purposes in order to qualify.

In addition to this, there is a Bonus Depreciation which according to the IRS, “bonus depreciation allows business taxpayers to deduct additional depreciation for the cost of qualifying business property, beyond normal depreciation allowances. It’s intended to spur capital purchases by all business taxpayers, small, mid-sized and large.” This value beginning in January 2023 until January 2024 is 80%, and will continue to decrease by 20% until 2027.

Benefits of the Mercedes-Benz Sprinter Van

You might be wondering, now that you know about the tax deductions offered by the IRS, just what can the Sprinter van offer you for your jobs around Mercer County. In short, a lot! Below you can see what it can offer in terms of cargo and seating:

2023 Sprinter Cargo Van

  • Max. Available Cargo Volume: 533 cubic feet
  • Max. Available Passenger Capacity: 2–3

2023 Sprinter Crew Van

  • Max. Available Cargo Volume: 371 cubic feet
  • Max. Available Passenger Capacity: 5

2023 Sprinter Passenger van

  • Max. Available Cargo Volume: 111.2 cubic feet
  • Max. Available Passenger Capacity: 15

2023 Sprinter Cab Chassis

  • Max. Available Cargo Volume: n/a
  • Max. Available Passenger Capacity: 2–3

The Sprinter Van offers great utility with its spacious cargo compartment, but the equipment and features found in the cab should be appreciated as well! Below, you’ll see all of the standard and available features that you can enjoy no matter what version of the Sprinter you deem is worth a spot in your business:

  • Navigation system
  • 12V driver-side power outlet
  • Trailer pre-wiring
  • Instrument panel storage bin
  • Seat angle adjustment and lumbar support for back comfort
  • Full or waist-height hardboard sidewall paneling
  • Cargo area wooden floor options
  • Upfit Packages available for each profession
  • ATTENTION ASSIST®
  • Rearview camera
  • Multi-function steering wheel with trip computer

Learn More with Mercedes-Benz of Princeton

Now that you know about how the Sprinter can help you and your business both save money, and get the job done, the next step is to browse our inventory of new Sprinter and Metris vans to find the one that works best for you. Let our finance department know what you’re looking for, and we’ll find you the right model every time.

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Mercedes-Benz of Princeton does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.