
As a business owner, tax season can be more rewarding than you think—especially with the benefits of the Section 179 deduction. At Land Rover Englewood, we help business owners in Jersey City and near Fort Lee take full advantage of this opportunity by offering eligible luxury SUVs and vehicles that qualify for significant tax savings. With the right purchase, you could deduct a large portion—or even the full cost—of your business vehicle on your taxes for the current year. Curious if your next vehicle qualifies? Our team is here to assist you every step of the way. Learn how you can make the most of your investment with the power of Section 179.
Section 179 is one of the most business-friendly parts of the IRS tax code. Section 179 allows qualifying businesses to deduct the full purchase price of certain equipment and vehicles used for business purposes—rather than depreciating them over several years. That means if you buy a qualifying vehicle and place it in service before the end of the tax year, you may be able to write off the full cost on that year’s taxes.
For business owners in the New York City area, this deduction can lead to substantial tax savings. Eligible vehicles must meet specific criteria related to weight and usage, and many luxury SUVs—including some from our inventory—qualify as Section 179 vehicles.
To benefit from the Section 179 deduction, the IRS requires the following:
We strongly recommend consulting a qualified tax professional to confirm your eligibility and ensure full compliance with the latest IRS regulations.
We proudly offer a selection of Section 179 vehicles that combine luxury, performance, and practicality for business use. Whether you’re interested in a premium SUV for client meetings or a vehicle that works as hard as you do, our team can help you find a model that meets both your needs and IRS requirements.
Have questions? Contact us today to speak with a team member or to schedule a consultation about Section 179 near Weehawken. We’re here to help you drive your business forward—with style and savings.
|
Depreciation Example |
“Heavy” Section 179 |
“Light” Section 179 |
|
2025 IRS Section 179 Maximum 1st Year Depreciation |
$31,300 |
$12,200 |
|
Section 168(k) Bonus Depreciation |
60% of Purchase Price |
Capped at $8,000 for Luxury Vehicles |
|
Qualifying Vehicles |
New & Used |
New & Used |
|
Example Vehicle |
Range Rover Sport |
Competitor Luxury Sedan |
|
Purchase Price |
$90,525 |
$90,525 |
|
First Year Section 179 Maximum Depreciation |
$31,300 |
$12,400 |
|
First Year Section 168(k) Bonus Depreciation |
$54,315 |
Capped at $8,000 |
|
Total 1st Year Depreciation |
$85,615 |
$20,400 |
|
Additional 1st Year Depreciation for “Heavy” Section 179 Vehicles |
$65,615 |
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