Take Advantage of Section 179 Tax Savings at Land Rover Greensboro

Did you know that Section 179 of the U.S. tax code allows business owners to deduct a significant portion-sometimes up to 100%-of the purchase price of a qualifying vehicle used for business purposes? This incentive can make investing in a new Land Rover not only a smart choice for capability and style but also a strategic financial decision for your business.

For example, if you purchase a qualifying Range Rover SUV or vehicle for business use, you may be eligible to deduct all or part of the cost when you file your taxes next year. Whether you're adding a Range Rover, Defender, and Discovery to your company fleet, the Section 179 deduction can help you maximize your business investment.

If you buy an eligible Range Rover, Defender, and Discovery model from Land Rover Greensboro and use it exclusively for business in 2025, you may qualify to deduct up to 100% of its purchase price when filing your 2026 taxes.

Here's How Section 179 works:

Section 179 of the U.S. Internal Revenue Code offers a powerful tax advantage for business owners. Instead of depreciating business equipment or vehicles over several years, this provision allows you to deduct the full purchase amount in the same tax year. Whether you buy or finance a qualifying Land Rover, you may be able to write off the entire purchase price right away-helping you reduce your tax burden and reinvest those savings back into your business.

In the past, businesses could only deduct a portion of a purchase each year through depreciation. Section 179 changes that, allowing you to deduct the total cost of qualifying equipment or vehicles in the year they're purchased. For many small businesses, this means the potential to write off up to $1,220,000 on their 2025 tax return.

This tax incentive makes it easier than ever for companies to upgrade to a capable, luxury vehicle that supports their day-to-day operations. Discover how a new Land Rover Range Rover, Defender, and Discovery from Land Rover Greensboro could qualify for Section 179 benefits and strengthen your business in the year ahead.

Limits of Section 179

For the 2025 tax year, Section 179 deductions begin to phase out once total qualifying equipment or vehicle purchases exceed $4,000,000, reducing on a dollar-for-dollar basis beyond that limit. The deduction is completely phased out at $6,500,000. Keep in mind that different types of vehicles-such as SUVs, trucks, and heavy-duty models-have specific eligibility requirements and deduction caps.

Who Qualifies for Section 179?

All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2025 should qualify for the Section 179 Deduction.

Most tangible goods used by American businesses, including "off-the-shelf" software and business-use vehicles (restrictions apply) qualify for the Section 179 Deduction.

For basic guidelines on what property is covered under the Section 179 tax code, please refer to this list of Section 179 Qualifying Equipment. Also, to qualify for the Section 179 Deduction, the equipment and/or software purchased or financed must be placed into service between January 1, 2025 and December 31, 2025.

Section 179's "More Than 50 Percent Business-Use" Requirement

The equipment, vehicle(s), and/or software must be used for business purposes more than 50% of the time to qualify for the Section 179 Deduction. Simply multiply the cost of the equipment, vehicle(s), and/or software by the percentage of business-use to arrive at the monetary amount eligible for Section 179.

Please visit  www.Section179.Org for more information.