Spanish speaking salesman extraordinairre Salvador Ibarra decided to make a bet with our sales manager, Gio Mazur. He bet that he could sell two cars by Tuesday or he would shave his head. Well, he didn't make it - so enjoy the video :)
Thursday, December 23, 2010
Wednesday, November 17, 2010
Customer Appreciation Workshop - Mark Your Calendars!
Come join us for an in-depth overview of your new vehicle. Are you wondering about some of the features on your vehicle? Perhaps you'd like to know how or where to check the fluids or how to set the accurate tire pressure. Come learn from the pros at Stephen Wade Chrysler Jeep Dodge. We will have Service Managers, Consultants and Technicians on hand to help you understand your new vehicle and answer your most pressing questions. We'll also have Certified Sales Professionals standing by to help with features, custom settings and anything else you'd like help with on your new vehicle.
THIS WORKSHOP'S FEATURED VEHICLE:
JEEP WRANGLER
WHEN: November 23rd, 2010 at 5:30PM
WHERE: Stephen Wade Chrysler Jeep Dodge
1724 S. Hilton Dr. St. George, UT 84770
CONTACT: Kenny Poulson - Service Manager - (435) 634-4500
Mark it on your calendar right away and we'll see you here!
Tuesday, November 16, 2010
Tax-Deductible Business Vehicle Information
Source: smSmallBiz.com - SmartMoney's Small Business website. Click Here to go to the original article
Tax-Deductible Business Vehicles
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January 18, 2005
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Updated on February 3, 2010.
HEY SMALL-BUSINESS OWNERS: How'd you like to use pretax dollars to buy an SUV or pickup?
Many small businesses can instantly deduct up to $250,000 worth of new and preowned equipment in the year it's first placed in service. The name of this generous break is the Section 179 depreciation deduction, and it can reduce both your federal income tax and self-employment tax bills. (You may get a state-tax deduction too.) Without it, you'd have to depreciate most business equipment gradually over five to seven years.
New and preowned "heavy" SUVs, pickups, and vans used more than 50% for business purposes are eligible for the Section 179 write-off (as is, for that matter, most other small-business equipment, such as computers (plus software) and home-office furniture or software).
Reduced Writeoff for Heavy SUVs
Congress imposed a reduced $25,000 limit on Section 179 deductions for heavy SUVs. Not to worry! The idea of buying a heavy SUV still works quite well. Why? Because the tax law allows you to claim the $25,000 Section 179 writeoff plus the "regular" first-year depreciation writeoff. For example, say you spend $60,000 in 2010 to buy a new Cadillac Escalade that is used 100% in your business. You can generally claim at least the following first-year deductions on your business's 2010 federal return: the $25,000 Section 179 writeoff plus $7,000 worth of regular depreciation [20% x ($60,000 - $25,000)]. So your first-year depreciation deductions add up to $32,000, or about 53% of the new Escalade's cost. This is a far better deal than if you spent the same $60,000 on a new BMW used 100% for business (in that case, your first-year depreciation writeoff would be limited to about $3,000 under the so-called luxury auto depreciation limitations).
Heavy Non-SUVs Still Generate Oversized Tax Savings
The full Section 179 deduction ($250,000 for tax years beginning in 2009; probably the same for 2010) is still available for heavy business vehicles that are not considered to be SUVs under the tax law. Both new and used vehicles can qualify for this important exception. Non-SUVs include:
- Vehicles with a cargo area of at least six feet in interior length that's not easily accessible directly from the passenger compartment. For example, many pickups with full-sized beds will fit this description. Beware: some "quad cab" and "extended cab" pickups may have cargo beds that are too short to qualify.
- Vehicles designed to seat more than nine passengers behind the driver's seat. For example, many hotel shuttle vans will fit this description.
- Vehicles with: (1) a fully enclosed driver's compartment and cargo area, (2) no seating behind the driver's seat, and (3) no body section protruding more than 30 inches ahead of the leading edge of the windshield. This sounds weird, but many delivery vans will meet this description.
Bottom Line: Heavy vehicles that fall under these three exceptions remain eligible for the full Section 179 writeoff ($250,000 for tax years beginning in 2009). That means you can probably deduct the full business portion of your heavy non-SUV's cost in Year One. Sweet!
The catch? Only that your newly acquired vehicle must be used more than 50% of the time for business purposes. But as I'll explain below, setting up a business office in your home can give you a big leg up in meeting this requirement. Before we get to that key point, however, here's a little more background so you'll understand how the Section 179 break works in this context.
First, Pick Out a Suitably Heavy Machine
The Section 179 deduction is available only when your SUV, pickup or van has a manufacturer's gross vehicle weight rating (GVWR) above 6,000 pounds. (First-year depreciation deductions for lighter vehicles are subject to much skimpier limits.) Fortunately, it's very easy to find attractive vehicles with GVWRs above the magic 6,000-pound figure. Most machines that look big enough to qualify do qualify. Examples include the Chevy Tahoe and Dodge Ram pickups. You can verify a vehicle's GVWR by checking the label on the inside edge of the driver's door.
Then, Buy It (Don't Lease It)
Here's another very important point: Leasing a heavy SUV, pickup or van will disqualify you from claiming the generous first-year Section 179 deduction. Instead, you'd only be able to deduct your lease payments as you make them. For this reason, you should generally buy rather than lease heavy SUVs, pickups and vans that will be used over 50% for business. The fact that you may finance some or all of the vehicle's purchase price won't affect your Section 179 deduction in the least.
Next, Play the Home-Office Angle
As mentioned above, the lucrative Section 179 write-off is available only when you use your heavy SUV, pickup or van over 50% for business. Your business-use percentage is based on your business and personal mileage.
Unfortunately, this over-50% business-use test can be difficult to pass. You're much more likely to clear the hurdle if you can also claim a principal place of your business is an office located in your home. Why? Because then all the commuting mileage from your home office to various temporary work locations (client sites, etc.) will be considered business mileage. Ditto for commuting mileage between your home office and any other regular place of business — such as another office you keep in the city. (Frustratingly, if you only have an office outside your home, your drives between home and office won't count as business mileage.) You can also treat all the mileage between your other regular place of business (that office in the city) and your various temporary work locations (client sites, etc.) as additional business mileage. Source: IRS Revenue Ruling 99-7.
More business mileage also means a bigger first-year Section 179 deduction. For example, a $60,000 heavy non-SUV used 100% business means a $60,000 first-year write-off (100% x $60,000 = $60,000). In contrast, 70% business use cuts your deduction down to $42,000 (70% x $60,000 = $42,000).
Last but not least, your home-office deduction counts as a business write-off as well. As such, it reduces your federal income-tax and self-employment-tax bills. And as if that's not enough, you'll probably also get a state-income-tax write-off.
All that — plus the option of showing up for work in your pajamas. You just can't beat it.
Making Your Home Office a Principal Place of Business
So how do you make your home office a principal place of business if you haven't done so already? The tax law gives the self-employed types (sole proprietor, partner or LLC member) two ways to qualify:
1st Way: You conduct most of your income-earning activities in the home office.
2nd Way: You conduct your administrative and management functions in the home office. However, to take advantage of this taxpayer-friendly qualification rule, you can't make substantial use of any other fixed location (like that other office downtown) for your administrative and management chores.
For either qualification rule you must use your home-office space regularly and exclusivelyfor business purposes during the year in question. Regularly means often and continuously, as opposed to occasionally. Exclusively means no personal use at any time during the year. (Granted, if you occasionally use the TV in your home office to catch the scores of your favorite sports team, the IRS is obviously never going to be the wiser — but you do need to take these rules seriously.)
So if you don't already have a home office dedicated to your small business, you may have to wait until next year to set one up and buy your heavy SUV, pickup or van. No problem. That gives you plenty of time to shop around for just the right vehicle.
Beware of the Taxable Income Limitation
A taxpayer's annual Section 179 deduction can't exceed that year's aggregate net business taxable income from all sources (calculated before the Section 179 writeoff). With the current huge Section 179 allowance ($250,000 for tax years beginning in 2009; probably the same for 2010), this rule will now affect many more taxpayers than ever before.
The good news: When you conduct your business as a sole proprietorship — or as a single-member LLC treated as such for federal tax purposes — you're allowed to count any salary, wages, and tips that you may earn as an employee as additional net business taxable income. If you're married and file jointly, you can also count your spouse's earnings from outside employment as well as any net self-employment income from business activities in which he or she actively participates. These taxpayer-friendly loopholes greatly reduce the odds that you'll be adversely affected by the net business income limitation.
If, however, you run your shop as a partnership, multimember LLC, or S corporation, please consult your tax pro about how to take full advantage of the expanded Section 179 write-off. Why? Because the Section 179 deduction maximum and the net business income limitation apply at both the entity level and at your personal level. This means some careful planning may be required in order for you to collect the expected tax savings from your heavy SUV, pickup, or van.
A taxpayer's annual Section 179 deduction can't exceed that year's aggregate net business taxable income from all sources (calculated before the Section 179 writeoff). With the current huge Section 179 allowance ($250,000 for tax years beginning in 2009; probably the same for 2010), this rule will now affect many more taxpayers than ever before.
The good news: When you conduct your business as a sole proprietorship — or as a single-member LLC treated as such for federal tax purposes — you're allowed to count any salary, wages, and tips that you may earn as an employee as additional net business taxable income. If you're married and file jointly, you can also count your spouse's earnings from outside employment as well as any net self-employment income from business activities in which he or she actively participates. These taxpayer-friendly loopholes greatly reduce the odds that you'll be adversely affected by the net business income limitation.
If, however, you run your shop as a partnership, multimember LLC, or S corporation, please consult your tax pro about how to take full advantage of the expanded Section 179 write-off. Why? Because the Section 179 deduction maximum and the net business income limitation apply at both the entity level and at your personal level. This means some careful planning may be required in order for you to collect the expected tax savings from your heavy SUV, pickup, or van.
Stricter Rules Apply To Corporate-Owned Vehicles
When the heavy SUV, pickup, or van is owned by your C or S corporation, it must be used over 50% for actual corporate business activities (based on mileage) to qualify for the Section 179 writeoff. Unfortunately, personal use by an employee who is also a more-than-5% shareholder (this means you) doesn't count as corporate business use for this purpose, even though the personal-use value is properly reported as additional taxable compensation on your Form W-2. The same restriction holds true for other corporate employees who are related to a more-than-5% shareholder. When the over-50% business-use test is failed, your corporation must depreciate the vehicle using the straight-line method, which means it will take six tax years to fully depreciate the darned thing. That takes a lot of the air out of this idea. The corporate-owned vehicle situation also creates another complication: a shareholder-employee (like you) can have a principal-place-of-business office in the home only when the arrangement is for the convenience of the employer (your corporation). For these reasons, the heavy SUV/home office combo doesn't work as easily in the corporate scenario. But don't give up hope. Consult your tax pro about this scheme.
When the heavy SUV, pickup, or van is owned by your C or S corporation, it must be used over 50% for actual corporate business activities (based on mileage) to qualify for the Section 179 writeoff. Unfortunately, personal use by an employee who is also a more-than-5% shareholder (this means you) doesn't count as corporate business use for this purpose, even though the personal-use value is properly reported as additional taxable compensation on your Form W-2. The same restriction holds true for other corporate employees who are related to a more-than-5% shareholder. When the over-50% business-use test is failed, your corporation must depreciate the vehicle using the straight-line method, which means it will take six tax years to fully depreciate the darned thing. That takes a lot of the air out of this idea. The corporate-owned vehicle situation also creates another complication: a shareholder-employee (like you) can have a principal-place-of-business office in the home only when the arrangement is for the convenience of the employer (your corporation). For these reasons, the heavy SUV/home office combo doesn't work as easily in the corporate scenario. But don't give up hope. Consult your tax pro about this scheme.
Monday, September 13, 2010
Dixie Roundup Rodeo
It's that time of year again! The Dixie Roundup Rodeo is coming to St. George. So come on down and have some fun! We'll have vehicles on display and you'll see some brand new Dodge Ram pickups cruisin' around in the dirt, helping out and picking up barrels. Here are some of the details:
DATE: September 16, 17, 18
TIME: 8:00 P.M.
PLACE: Historic Dixie Sunbowl
Gates open and tickets on sale at 6:00 p.m. nightly, entertainment 6:00 to 7:30 p.m.
Thursday September 16 is "kid night" - children 11 and under are free with a paying adult
Friday September 17 is "Tough Enough to Wear Pink"
Saturday September 18 is the "Rodeo Breakfast" benefiting the Washington County School District Foundation
Saturday September 18 is the "High Noon" Special Needs Rodeo
Saturday September 18 is the final night of the rodeo
Advance Ticket Sales: Lions/VFW Bldg. 301 E 100 S - 435.673.3301 Ticket Sales begin on Saturday September 11 8:00 a.m. - 5:00 p.m.
Ticket Price - General Seating - Adults $8, Children 11 and under $5 Reserved Seating $12
TIME: 8:00 P.M.
PLACE: Historic Dixie Sunbowl
Gates open and tickets on sale at 6:00 p.m. nightly, entertainment 6:00 to 7:30 p.m.
Thursday September 16 is "kid night" - children 11 and under are free with a paying adult
Friday September 17 is "Tough Enough to Wear Pink"
Saturday September 18 is the "Rodeo Breakfast" benefiting the Washington County School District Foundation
Saturday September 18 is the "High Noon" Special Needs Rodeo
Saturday September 18 is the final night of the rodeo
Advance Ticket Sales: Lions/VFW Bldg. 301 E 100 S - 435.673.3301 Ticket Sales begin on Saturday September 11 8:00 a.m. - 5:00 p.m.
Ticket Price - General Seating - Adults $8, Children 11 and under $5 Reserved Seating $12
For more information, visit: http://dixierounduprodeo.blogspot.com/
Friday, July 2, 2010
Wednesday, May 26, 2010
Ram 1500 Among Kelley's Top Road-Trip Vehicles
Just in time for Memorial Day weekend and the kickoff of the summer driving season, Kelley Blue Book’s kbb.com today named the Ram 1500 one of its 2010 Top 10 Road Trip Vehicles.
This year, Kelley Blue Book’s kbb.com editors added a new twist to their annual top 10 list, choosing 10 road trip-worthy summer 2010 events and pairing them with the best new cars and trucks for those journeys. The 2010 Ram 1500 and the Iowa State Fair were called a perfect road-trip match.
Kelley Blue Book’s kbb.com called the Ram 1500, with its coil-over rear suspension “a wise choice for long-haul road trip comfort. The HEMI® V-8 engine delivers a healthy 390 horsepower along with respectable highway fuel economy of 20 mpg, and the truck’s boldly styled sheet metal might just turn a few heads when you roll into town.”
As for the Iowa State Fair, held Aug. 12-22, in Des Moines, the editors wrote: “You have to love any event that bills itself as ‘Non Stop Fun.’”
In addition to choosing the fun events and corresponding interesting rides, the kbb.com editors kept key road trip criteria in mind when choosing each Top 10 Road Trip Car—things like a comfortable cabin, good fuel economy, utter reliability and superior over-the-road driving dynamics.
“We understand that truck owners spend a lot of time in their vehicles; whether getting to the jobsite, hauling livestock or towing their boat up to the cabin for the weekend,” Fred Diaz, President and CEO—Ram Truck Brand, said. “That’s why we designed the Ram 1500 to be the new truck segment benchmark for comfort and refinement. With the new Ram, we focused on the interior, designing thoughtful features and loads of storage—the sorts of things that make it a good road trip companion.”
For more information about the 2010 Top 10 Road Trip Cars from Kelley Blue Book’s kbb.com, visit www.kbb.com/RoadTripCars2010.
This year, Kelley Blue Book’s kbb.com editors added a new twist to their annual top 10 list, choosing 10 road trip-worthy summer 2010 events and pairing them with the best new cars and trucks for those journeys. The 2010 Ram 1500 and the Iowa State Fair were called a perfect road-trip match.
Kelley Blue Book’s kbb.com called the Ram 1500, with its coil-over rear suspension “a wise choice for long-haul road trip comfort. The HEMI® V-8 engine delivers a healthy 390 horsepower along with respectable highway fuel economy of 20 mpg, and the truck’s boldly styled sheet metal might just turn a few heads when you roll into town.”
As for the Iowa State Fair, held Aug. 12-22, in Des Moines, the editors wrote: “You have to love any event that bills itself as ‘Non Stop Fun.’”
In addition to choosing the fun events and corresponding interesting rides, the kbb.com editors kept key road trip criteria in mind when choosing each Top 10 Road Trip Car—things like a comfortable cabin, good fuel economy, utter reliability and superior over-the-road driving dynamics.
“We understand that truck owners spend a lot of time in their vehicles; whether getting to the jobsite, hauling livestock or towing their boat up to the cabin for the weekend,” Fred Diaz, President and CEO—Ram Truck Brand, said. “That’s why we designed the Ram 1500 to be the new truck segment benchmark for comfort and refinement. With the new Ram, we focused on the interior, designing thoughtful features and loads of storage—the sorts of things that make it a good road trip companion.”
For more information about the 2010 Top 10 Road Trip Cars from Kelley Blue Book’s kbb.com, visit www.kbb.com/RoadTripCars2010.
Thursday, May 20, 2010
New Chryslers, Jeeps, Dodges AT INVOICE!
We're overstocked and need to blow out some cars! Come on in to Stephen Wade Chrysler Jeep Dodge today and purchase a vehicle AT INVOICE less applicable rebates! This is crazy! You've gotta get in here. Call Matt Muir for details at (435) 705-9243.
Friday, February 19, 2010
Tuesday, January 26, 2010
We're OPEN and We're BUSTIN' OUT the Deals!
2010 JEEP GRAND CHEROKEEUP TO $5000 REBATE OR 0%* FOR 60 MONTHS
2010 JEEP LIBERTYUP TO $3000 REBATE OR 0%* FOR 60 MONTHS
2010 JEEP PATRIOT UP TO $2500 REBATE OR 0%* FOR 36 MONTHS
2010 CHRYSLER 300 SEDAN
2010 DODGE CHARGER
2010 CHRYSLER 300 SEDANUP TO $4000 REBATE OR 0%* FOR 60 MONTHS
2010 DODGE CHARGERUP TO $4000 REBATE OR 0%* FOR 60 MONTHS
2010 RAM 2500/3500
2010 RAM 1500
2010 RAM 2500/3500UP TO $2000 REBATE OR 1.9%* FOR 60 MONTHS
2010 RAM 1500UP TO $3500 REBATE OR 0%* FOR 36 MONTHS
2010 JEEP WRANGLER
2010 JEEP WRANGLERUP TO $1750 REBATE OR 0%* FOR 36 MONTHS
*O.A.C. See dealer for complete details.
*O.A.C. See dealer for complete details.
Saturday, January 23, 2010
Finally, Get Live TV on the Road!
Source: RedLetterDodgeIt’s an age-old quandary: It’s time to hit the road for that family trip, but the playoffs are on. What to do? At long last, now you no longer have to choose between mobility and entertainment. Last month, Chrysler became the first automaker to offer live mobile television inside its vehicles through FLO TV Auto Entertainment, which allows you to browse up to 20 channels — from ABC, CBS, NBC, and FOX to ESPN, MTV, Comedy Central and Nickelodeon — using a wireless remote control; the system’s tiny antenna is practically hidden (unlike most roof-mounted satellites). The Mopar package costs $629 (plus installation) and is offered on new Dodge, Ram, Chrysler, and Jeep vehicles — and can even be installed on some 2009 models. Check with your local Dodge dealer for more details.
Wednesday, January 20, 2010
Time to Get Your JEEP On!
Stephen Wade Chrysler Jeep Dodge is proud to sponser the 2010 Southwest Crawlfest! 
In its third year, Southwest Crawlfest continues to promote land use causes and organizations. Proceeds from the $25,000 in raffle prizes go to support land use organizations including: Blue Ribbon Coalition, Canaan Mountain Legal Defense Fund, RR4W Mud Fund, Southern Nevada Trail Fund, Tread Lightly, United Four Wheel Drive Association, Utah 4 Wheel Drive Association and Utah Shared Access Alliance.
Check out the video below for more details - and vist http://www.southwestcrawlfest.com/!
crawlfest final from KCSG TV on Vimeo.
Tuesday, January 19, 2010
Utah Haiti Relief
The Wade Family Foundation, several other charitable foundations and concerned citizens in our local area have teamed up to help with relief in Haiti. Several members of the foundation are over there now volunteering with helping direct efforts to bring food and supplies to villages and orphanages. Please keep them in ......your thoughts and prayers during this time. We have oranized a website at www.UtahHaitiRelief.org where people can follow the daily updates of what is happining on the ground in Haiti as well as donte to the cause. Please take a look at the website when you get a chance!!
Thursday, January 14, 2010
We're OPEN for Business!
YOU HEARD IT RIGHT!
Stephen Wade Chrysler Dodge Jeep is OPEN for Business!
Come see us for help with:
New Vehicle Sales (Several in stock with more arriving daily!)
Pre-Owned Vehicle Sales
Pre-Owned Vehicle Sales
Chrysler Dodge and Jeep Parts
Chrysler Dodge and Jeep Service Work
You can find us in the Stephen Wade Nissan Building:
1724 S. Hilton Drive
St. George, UT 84770
(435) 634-4500
Ram Turns NAIAS Upside Down
FromRam Zone:"Sure, it’s an obvious gag, but the early reaction on the first press preview day at the North American International Auto Show has been one of stunned amazement — pretty much the same reaction reviewers have had when they first sink their teeth into the Ram Heavy Duty, the 2010 Motor Trend Truck of the year. “Ram Trucks continue to break the rules with big-rig styling, improved quality, durability and capability,” Fred Diaz, Ram President and CEO, said last week. “Starting with the most award-winning light-duty pickup – our Ram 1500, our all-new ultimate towing machine and Motor Trend’s Truck of the Year, the 2010 Ram 2500/3500 Heavy Duty, our best-in-class towing Dakota and the all-new 2011 Ram 3500, 4500 and 5500 Chassis Cabs, our trucks are the best on the planet.” The press is getting a full look at the entire line today and tomorrow in Detroit — apologies for any stiff necks."
Mopar Makes the 2010 Challenger Even Sweeter
From Red Letter Dodge:Didn’t find what you wanted under the tree this holiday? Well, it looks like 2010 is already coming up roses, as the good folks at Mopar have come up with a couple ways for you to treat yourself, enhancing the Dodge Challenger with two new option packages to add to your car’s muscle. The new exterior performance appearance package ($1,995) includes a unique hood with scoop, rear “Go-Wing” spoiler, strobe stripe performance graphics, and car cover. But that’s not all — you can also customize your Challenger with an interior appearance package that features stainless steel pedals and door-sill guards, premium embroidered carpet floor mats, and a chromed T-handle shifter ($945 automatic, $780 manual). Both are available on SE and R/T models in TorRed, Bright Silver Metallic, Brilliant Black Chrystal, and Bright White. See more photos after the jump."
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