J.D. Byrider

When people think of cars and finances, they generally see their vehicle as an expense item. However, if you use your car for business purposes, you may be able to get a break on your taxes by claiming car costs.

Here’s how it works: If you use your car only for business purposes, you may be able to deduct the entire amount of eligible operating expenses. The majority of us don’t use our vehicles solely for business purposes. However, if you use your car for business purposes even part of the time, you may be able to deduct the expenses on your taxes.

The Internal Revenue Service outlines two methods to claim auto expenses: the standard mileage rate and actual expense rate. The most advantageous method for you will depend on your individual circumstances.

The mileage rate changes periodically and can be found on the IRS website.  Here are some of the types of expenses you can claim if you use the actual expense method:

• Gas
• Oil
• Auto repair service
• Tires
• Insurance
• Registration fees and licenses
• Depreciation attributable to business use

Check out the IRS website for more information on auto-related tax deductions or consult a qualified tax advisor of your choosing. Remember, your eligibility for expenses depends on your circumstances. However, if you use your car for business at any time, it’s well worth your while to explore the possibility of claiming eligible expenses.

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A used car isn’t just a way to get from point A to point B. It’s a purchase that can actually help you improve your financial situation. It provides you the ability to get to your job and earn the money you need to get back on the road to a better life. Choose a used car dealer that can help you get the maximum return on your investment. J.D. Byrider will work with you to be sure you get a car that meets your needs. And, we’ll report your payment activity to the major credit bureaus, which can result in a better financial status for you.

It’s always important to protect your investment. And saving money is even more critical in tough economic times. One way to do both is to take good care of your vehicle. Regular car maintenance prevents small problems from becoming big hassles. Here are a few tips to keep in mind:

Every three months or 3,000 miles, make sure you: 

• Change the oil and filter
• Lubricate the chassis
• Check all fluid levels and fill if necessary
• Check your tire pressure and wiper blades

• Check all of your lights to make sure they work properly

Also keep in mind that you should replace your vehicle’s air filter at least once a year or every 12,000 miles. It’s a good idea to regularly check tires for signs of wear and to rotate and balance them occasionally to ensure they wear evenly.

The J.D. Byrider Service Department is there when you need top-quality car care. Our professional staff will make sure you’re up-to-date on scheduled maintenance and help you extend the life of your car. Our service experts only work with J.D. Byrider customers, so you can be sure you’ll get the attention and service you need.

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