 
TEMPORARY 100% "BONUS DEPRECIATION" DECREASES BY 20% PER YEAR STARTING IN 2023
In 2017, the
IRS made some changes to help businesses. The
Tax Cuts and Jobs Act (TCJA) temporarily allowed 100% expensing for
business property acquired and placed in service after September 27,
2017. The 100%
first-year bonus depreciation ended on
December 31, 2022, being phased out through 20% per year decreases,
expiring on January 1, 2027.
ENJOY THE REWARDSÂ OF AN IMPRESSIVE TAX ADVANTAGE
Whether driving to a meeting in challenging road conditions or navigating these unprecedented times, the world is much more appealing from the driver's seat of a new Land Rover vehicle.
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Take advantage of an accelerated tax depreciation schedule to help increase your company's bottom line.*
Since the Range Rover, Range Rover Sport, Land Rover Defender and Land Rover Discovery have Gross Vehicle Weight Ratings (GVWR) greater than 6,000** pounds, they can be fully depreciated in the first year of ownership when used for business 100% of the time, giving you the freedom to spend on the things that matter most.Â
Make the most of this significant business benefit before the year is out by visiting our dealership.Â
TAX DEPRECIATION COMPARISONS
These comparisons illustrate the tax depreciation advantages for business owners who purchase a new Range Rover, Range Rover Sport, Land Rover Defender or Land Rover Discovery before December 31, 2022.†Please consult your tax advisor to determine how this information can be applied to your individual business situation.
$93,800 Range Rover*Â VS.Â
$93,800Â Luxury Car
Total allowable depreciation for the 1st year of ownership*
Range Rover VS. Luxury Car
 Range Rover¹  100% Depreciation $93,800 | Luxury Car² 20% Depreciation $18,200 |
$70,900 Range Rover Sport*Â VS.Â
$70,900 Luxury Car
Total allowable depreciation for the 1st year of ownership*
Range Rover Sport VS. Luxury Car
| Range Rover Sport¹ 100% Depreciation $70,900 | Luxury Car² 26% Depreciation $18,200 |
 $55,000 Discovery* VS.Â
$55,000 Luxury Car
Total allowable depreciation for the 1st year of ownership*
Discovery VS. Luxury Car
| Discovery¹   100%  Depreciation $55,000 | Luxury Car³ 32% Depreciation $17,180 |
$48,700 Defender 90* VS.Â
$48,700Â Luxury CarÂ
Total allowable depreciation for the 1st year of ownership*
Defender 90 VS. Luxury Car
| Defender 90¹ 100% Depreciation $48,700 | Luxury Car² 33% Depreciation $16,140 |
$51,500 Defender 110* VS.Â
$51,500Â Luxury CarÂ
Total allowable depreciation for the 1st year of ownership*
Defender 110 VS. Luxury Car
|  Defender 110¹ 100% Depreciation $51,500 | Luxury Car² 32% Depreciation $16,500 |
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* Indicates a required field
Individual tax situations may vary. Information accurate at time of publication. Federal rules and tax guidelines are subject to change. Consult your tax adviser for complete details on rules applicable to your business.
**The Range Rover. Range Rover Sport, Land Rover Discovery. Land Rover Defender 90 and Land Rover Defender 110 have gross vehicle weight ratings (GVWR) greater than 6,000 pounds and are classified as heavy SUVs. As such, these vehicles can be fully depreciated in the first year of ownership when used for business 100% of the time. GVWR is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo. See your local authorized Land Rover Retailer for details.
†Comparisons based on Sections 179 and 168(k) of the Internal Revenue Code, which allow for additional first year depreciation for eligible vehicles and reflect figures for owners who purchase vehicles for 100% business
†Price comparison figures are calculated using the Base Manufacturer's Suggested Retail Price for the 2022 Range Rover Standard Wheelbase, 2022 Range Rover Sport SE, 2022 land Rover Discovery 2.0L S, 2022 Defender 90 Base and 2022 Defender 110 Base. Price excludes $1,350 destination/handling charge, tax, title, license, and retailer fees, all due at signing, and optional equipment.
Vehicles can be New and Certified Pre-Owned.
1. Range Rover, Range Rover Sport, Land Rover Discovery, Land Rover Defender 90 and Land Rover Defender 110 are fully depreciated in year one.
2. Luxury car depreciation can continue year two at $16,400, year three at $9,800 and $5,860 per year for each succeeding year until the vehicle is fully depreciated or sold.
3. Luxury car depreciation can continue year two at $14,688, year three at $8,813 and $5,288 per year for each succeeding year until the vehicle is fully depreciated or sold.
4. Luxury car depreciation can continue year two at $13,024, year three at $7,814 and $4,689 per year for each succeeding year until the vehicle is fully depreciated or sold.
5. Luxury car depreciation can continue year two at $13,600, year three at $8,160 and $4,896 per year for each succeeding year until the vehicle is fully depreciated or sold.