Tax Advantages for Your Business

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 Range Rover, Range Rover Sport, Defender, or Discovery vehicle.

Since these vehicles have Gross Vehicle Weight Ratings (GVWR) greater than 6,000 Pounds, they can be depreciated according to federal and state law when used 100% of the time for business. Take advantage of an accelerated tax depreciation schedule to help increase your company’s bottom line. Section 179 allows businesses that purchase heavy vehicles weighing 6,000 to 14,000 pounds to benefit from a partial deduction of up to $28,900, plus 80% bonus depreciation.

Gross Vehicle Weight Rating (GVWR) is the manufacturer’s rating of the vehicle’s maximum weight when fully loaded with people and cargo. Vehicles must be purchased in 2024 to qualify. Contact or visit Land Rover Princeton for details.

QUALIFYING VEHICLES

Range Rover

Range Rover Sport

Defender

Discovery

* Individual tax situations may vary. Federal and State 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, Defender, and Discovery 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 in the cargo. See Land Rover Princeton for details.