TAX ADVANTAGES
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 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.Â
Maximize Your Tax Savings with Land Rover
Land Rover vehicles are not only designed for luxury and performance but can also provide significant tax advantages for your business. Under Sections 179 and 168(k) of the Internal Revenue Code, qualifying vehicles used for business purposes may be eligible for substantial tax write-offs.
Tax benefits are subject to change and depend on individual circumstances. Consult a qualified tax professional for personalized advice.
Contact
Land Rover Scarborough
371 US Route 1
Scarborough, ME 04074
- Sales: (207) 883-0161
- Service: (207) 883-0161
- Parts: (207) 883-0161
Make an Inquiry
* Indicates a required field
Section
179 Deduction Â
Section 179 allows businesses to deduct the full purchase price of qualifying vehicles used more than 50% for business in the first year they are placed in service. Many Land Rover models meet the Gross Vehicle Weight Rating (GVWR) requirement of over 6,000 lbs, making them eligible for this deduction. Eligible models may include:
- Range Rover
- Range Rover Sport
- Defender 110 and 130
- Discovery
  Â
   Bonus
Depreciation (168(k))
Section
168(k) provides additional opportunities through bonus depreciation. Businesses
can deduct up to 100% of the purchase price of qualifying vehicles in the first
year, depending on usage and tax year. This can be a valuable benefit for
companies purchasing multiple vehicles. Â
 Â
Why
Choose Land Rover?
- Luxury and Functionality: Enjoy premium comfort and cutting-edge technology while benefiting from powerful performance capabilities.
- Business-Friendly Design: Models with spacious interiors and advanced safety features are perfect for professional use.
- Tax Savings: Qualify for substantial tax benefits when using a Land Rover for eligible business purposes.
Important Details
- Vehicles must be purchased and placed in service within the same tax year.
- Only business-use percentages apply to deductions; personal use is not eligible.
- Always consult a tax advisor to ensure compliance with current tax laws and to maximize your benefits.
Take Advantage of These Tax Savings Today
Drive luxury and efficiency for your business with Land Rover. Visit our dealership to explore eligible models and take the next step toward maximizing your tax benefits.
Disclaimer: Tax benefits are subject to change and depend on individual circumstances. Consult a qualified tax professional for personalized advice.
Shop New Land Rover Vehicles
Make an Inquiry
* 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.Â
**Only Land Rover models with a Gross Vehicle Weight Rating (GVWR) exceeding 6,000 pounds-including the Range Rover, Range Rover Sport, Defender, and Discovery-qualify as heavy SUVs under Sections 179 and 168(k). These vehicles may be fully depreciated in the first year of ownership when used 100% for business. GVWR represents the manufacturer's rating for the vehicle's maximum weight when fully loaded with passengers and cargo. Consult a tax professional for specific guidance.
© 2020 Jaguar Land Rover North America, LLC