GPS Fleet equipment purchases may qualify rent to own companies for the Section 179 deduction.

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Last week leading GPS tracking solutions provider BlackBox GPS debuted on RTO Online its new program for tracking RTO delivery vehicles (see article). Today Black Box CEO, Steven Muntean reports that rental dealers that act quickly and order their affordable tracking devices next week, still have time to take advantage of tax deductions on equipment purchased.

Muntean recommends dealers confirm with their CPA, but said, "GPS Fleet equipment purchases may qualify your business for a Section 179 tax deduction which allows dealers to deduct from the company’s taxable income, the full amount of equipment purchases (up to $250,000.00) for 2008."

RTO tax account Dan Whitsell of Whitsell & Co, P.C said, "GPS Fleet equipment purchases may qualify rent to own companies for the Section 179 deduction only if equipment purchases for the company are under $800,000 and the allowed $250,000 is subject to a phase-out if the company purchases over $800,000. If the company purchases total over $800,000, the company still may be subject the special 50% bonus depreciation incentive allowed for 2008."

The new BlackBox GPS monitoring solution provides Rent-to-Own dealers a simple "do-it-yourself" installation of a $250 locator device to monitor and analyze delivery vehicle routes, stops, distance traveled, speed, trip & idle times 24 hours a day, 7 days a week for less than $.40 cents a day.

The intelligence provided by the hi-tech locators monitored real-time through the secure blackboxgps.com website, empowers dealers to make more informed decisions that improve delivery/pickup productivity while at the same time cutting fuel costs and minimizing expenses.

According to Muntean, "rent-to-own dealers who install BlackBox GPS Locators and analyze delivery routes will experience improved delivery times by 20%, decreased fuel consumption by 25%, as well as reduced insurance premiums of up to 20%."

GPS Tracking services for RTO start at only $12.50/month/vehicle. For more information and a free online demo contact: Steven Muntean or Norman Beasley at BlackBox GPS: 954.332.2313