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Business owners looking to purchase a truck, like the Ford F-150, can benefit from Section 168(k) of the IRS tax code. This regulation allows businesses to claim bonus depreciation on qualifying vehicles, making it easier to offset the cost of vital equipment. At O’Brien Ford of Shelbyville, we’re here to help you maximize your savings. more Why Choose the Ford F-150? The Ford F-150 is a top choice for businesses due to its durability, versatility, and capability. With its powerful towing capacity, customizable configurations, and advanced technology, it meets the needs of a wide range of industries. It’s the perfect choice to bolster your workforce. What Is Section 168(k)? Section 168(k) provides a valuable tax incentive for business owners by allowing them to deduct a significant portion of an eligible asset's cost in the first year of purchase. This bonus depreciation applies to vehicles like the Ford F-150, which meets the weight and use requirements set by the IRS. For the Ford F-150 to qualify, it must be used more than 50% of the time for business purposes. Once these criteria are met, business owners can deduct up to 100% of the vehicle's purchase price during the tax year in which it was placed into service. How to Take Advantage of Section 168(k) To claim this deduction, keep accurate records of the business use of your Ford F-150 and provide documentation of its purchase price. Additionally, consult a tax professional to ensure compliance with IRS requirements. At O’Brien Ford of Shelbyville, our team is ready to assist you in finding the right truck for your business needs. Save on Your Ford F-150 Today Discover how Section 168(k) can help you save on a Ford F-150 for your business. Visit O’Brien Ford of Shelbyville to explore our inventory and speak with our team about financing options and eligibility requirements.

Signing up for a Ford financing offer means knowing how much money to put aside. The 20-4-10 rule is a great way to understand your financing power and determine your maximum monthly limit for vehicle payments. Learn how to use the 20-4-10 rule for Ford financing at O’Brien Ford of Shelbyville. more 20% Down Payment The first part of the 20-4-10 rule is about down payments; generally, you should put a 20% down payment on your Ford financing plan. This will significantly reduce your immediate principal and lower your monthly payment. If you can pay even more than 20% of the purchase price at the start of your plan, then feel free to do so; the more you pay upfront, the less you’ll pay each month. Four-Year Loan Term For the second part, drivers should stick to payment terms of four years or less when seeking financing plans. While longer financing terms might reduce your monthly payment, you’ll ultimately pay a lot more in interest over the length of your financing. Securing a financing offer of four years or less gives you a good balance between monthly payments and interest accrual. 10% of Monthly Income The last part of this rule refers to how much of your monthly income should be reserved for Ford financing. You shouldn’t use more than 10% of your monthly income towards your financing plan; this keeps your finances stable while you pay off your debt. As with other aspects of the 20-4-10 rule, this is merely a guideline — but it’s there to ensure you don’t go overboard on your payments. Learn More About Ford Financing in Shelbyville, KY Our Ford financing team is ready to help you with any finance and leasing questions you have. Contact O’Brien Ford of Shelbyville today to learn about the intricate financing details and for assistance starting your loan or lease. We look forward to helping you!

Here at O’Brien Ford of Shelbyville, we believe the Ford financing process should be easy and accessible for everyone. That’s why we offer a wide range of financing tools and options and take time to educate our customers about the financing process. Here’s a closer look at the difference between loans and leases and how each might work for your financing needs. more Loans Explained When you finance your vehicle, you’re paying down a loan to own it at the end. This can be an excellent option for drivers who like to have control of where and how they drive and customize their vehicles. It’s also a good idea to consider purchasing a vehicle if you don’t have perfect credit since it isn’t required to qualify. When you buy a car, you’ll want to account for the down payment, the monthly payments, the length of the term, the interest rate, and in-between costs like sales tax and insurance. The more money you can put down on the day of purchase, the more you’ll save in the long term. Leases Explained There are many reasons to consider leasing your next Ford vehicle. To start, leases are less expensive than loans since you’re using the car temporarily. If there is one at all, your down payment will be smaller, and your monthly payments will be as well. You’ll also have access to the latest models on the market, affording access to the most advanced safety and entertainment features. However, it’s important to note that you typically need a high credit score to qualify for a lease. Meet With Our Ford Financing Team No matter what your financing needs might be, O’Brien Ford of Shelbyville is here to help. Learn more about financing and leasing, and take home the perfect new Ford vehicle at our dealership today.