Explore Your Business Vehicle Tax Advantage at Land Rover Huntington
If you're considering a new Range Rover, Defender, or Discovery for business use, you may qualify for substantial tax deductions through the IRS Section 179 deduction and Bonus Depreciation under Section 168(k).
These incentives are designed to encourage businesses to reinvest in equipment (including eligible vehicles) by allowing you to write off all or part of the purchase price in the year it's placed into service.
What is the Section 179 Deduction?
Section 179 of the Internal Revenue Code allows businesses to take an immediate deduction for business expenses related to depreciable assets including "heavy" vehicles when used primarily (more than 50%) for business purposes, up to the annual limits set by the IRS.
A "heavy" SUV is defined as having a Gross Vehicle Weight Rating (GVWR) over 6,000 pounds. Since the Range Rover, Range Rover Sport, Defender and Discovery have a GVWR greater than 6,000** pounds, they may qualify for higher deductions. For vehicles placed into service in 2025 and used more than 50% for business, a maximum first-year deduction of $31,300* may apply (subject to IRS limits and business-use requirements).
When claiming the Section 179 deduction, it is advisable to consult with a tax professional or vehicle valuation expert who can accurately assess the vehicle's value and ensure compliance with current IRS guidelines.
WHAT IS SECTION 168(k) BONUS DEPRECIATION?
Section 168(k) allows for additional "Bonus Depreciation" amounting to 60% of the purchase price of select vehicles through the end of 2025, even if the Section 179 limit has already been reached. When combined with the $31,300 from Section 179, this can offer substantial first-year depreciation benefits for 2025 purchases.
This provision can apply to vehicles that exceed 6,000 lbs GVWR, allowing businesses to accelerate depreciation and maximize their first-year write-offs. Bonus Depreciation may also apply to used vehicles that are new to your business and meet IRS conditions.
MODELS THAT MAY QUALIFY
Many of our SUVs meet the weight criteria for these deductions. Depending on the configuration, the following models typically have a GVWR exceeding 6,000 lbs and may qualify for Section 179 and/or Bonus Depreciation:- Range Rover
- Range Rover Sport
- Defender 90 / 110 / 130
- Discovery
EXPLORE ELIGIBLE MODELS
If you're interested in taking advantage of these potential business tax benefits, contact our team at Land Rover Huntington. We'll help you find the right vehicle for your needs and provide documentation to assist with your year-end tax planning.
Contact Us For More Information
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Land Rover Huntington
1249 East Jericho Turnpike
Huntington, NY 11743
- Sales: 855-519-4787
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*$31,300 tax deduction for qualifying vehicles based on current Section 179 of U.S. tax code and maximum deduction permitted for such vehicles under Section 179. Vehicle must be purchased for business use. Please consult your tax professional for more information on applicability of deduction and whether you qualify for the maximum amount available. Your tax rate and eligibility may vary. Please consult a tax professional for more information on your federal tax rate and potential tax savings available to you for qualifying purchases. This information does not constitute, nor is it intended to be, legal, tax, financial planning or investment advice and should not be relied upon as such.
For more details, visit www.irs.gov
**With Gross Vehicle Weight Ratings (GVWR) of more than 6,000 pounds, these Land Rover models are classified as "heavy SUVs." Gross Vehicle Weight Rating (GVWR) is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo.
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.