Tax Advantage
ENJOY THE REWARDS 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.
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 90, Land Rover Defender 110 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.
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 90, Land Rover Defender 110 or Land Rover Discovery before December 31, 2021.† Please consult your tax advisor to determine how this information can be applied to your individual business situation.
CONTACT
Land Rover Princeton
958 Route 206
Princeton, NJ 08540
Sales: 844-339-6524
Service: 844-339-6526
Parts: 844-339-6529
$93,800 Range Rover‡ VS. $93,800 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‡ VS. $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 Land Rover Discovery‡ VS. $55,000 Luxury Car
Total allowable depreciation for the 1st year of ownership†
Land Rover Discovery VS. Luxury Car
Land Rover Discovery¹
100%
Depreciation
$55,000
Luxury Car²
32%
Depreciation
$17,180
$48,700 Land Rover Defender 90‡ VS. $48,700 Luxury Car
Total allowable depreciation for the 1st year of ownership†
Land Rover Defender 90 VS. Luxury Car
Land Rover Defender 90¹
100%
Depreciation
$48,700
Luxury Car²
33%
Depreciation
$16,140
$51,500 Land Rover Defender 110‡ VS. $51,500 Luxury Car
Total allowable depreciation for the 1st year of ownership†
Land Rover Defender 110 VS. Luxury Car
Land Rover Defender 110¹
100%
Depreciation
$51,500
Luxury Car²
32%
Depreciation
$16,500
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 firs1 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.
- Range Rover, Range Rover Sport, Land Rover Discovery, Land Rover Defender 90 and Land Rover Defender 110 are fully depreciated in year one.
- 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.
- 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.
- 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.
- 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.
