Tax Advantages Available in Roanoke, VA

Luxury Tax Advantages

If you’re looking for a luxury vehicle for your business, you might be curious about the Section 179 deduction and how it applies to different vehicles. Our new luxury inventory has just the Section 179 vehicles you need. When you're ready, our dedicated sales and finance team is here to assist you with financing and answer all your questions about the Section 179 deduction, including how it applies to popular models like the Land Rover Discovery or Mercedes-Benz GLS 580 4MATIC®. Let's get you on the road to success.

What is Section 179?

Unlock the benefits of the Section 179 tax law and supercharge your small business with a new or pre-owned company vehicle. By taking advantage of this tax incentive, you can immediately deduct part or the full cost of your vehicle from your taxable income, giving your business a powerful financial advantage. Our expert team is here to guide you in selecting the perfect qualifying vehicle tailored to your business needs. Not only does a company vehicle provide essential transportation, but it also offers the opportunity to extend your branding. Imagine your company's logo and advertisements boldly displayed on your vehicle, turning it into a mobile promotional tool that reaches potential customers wherever you go. Take your business to the next level with a company vehicle and maximize your tax benefits today.

Qualifying Luxury Models

If you purchase a "heavy" vehicle for your business, you could be eligible for a tax deduction of up to $28,900 under Section 179. In 2024, you can take advantage of a bonus depreciation rate of 60%. The vehicle must be used for business purposes and needs to be purchased and put into service within the tax year.

Some Mercedes-Benz models qualify for Section 179 tax benefits. Check out the eligible range of models available, including:

• GLE 350 4MATIC®
• G 550 4x4 Squared
• GLE 450 4MATIC®
• GLS 600 4MATIC®
• AMG® G 63 4MATIC® SUV
• GLS 580 4MATIC®

These models have impressive Gross Vehicle Weight Ratings (GVWRs), making them eligible for tax benefits. Additionally, Mercedes-Benz Sprinter models offer exceptional GVWRs ranging from 9,050 to 12,120 pounds, including:

• 2500 Sprinter Cargo Van
• 3500 Sprinter Cargo Van
• 2500 Sprinter Passenger Van
• 2500 Sprinter Crew Van

Get ready for amazing savings when you visit Berglund Luxury Roanoke. Specific Volvo models qualify for the Section 179 Tax Deduction, which means incredible benefits for you. Reach out to our team members today to discover more about this fantastic opportunity.

Did you know that BMW vehicles can potentially qualify for full depreciation in the first year if used solely for business purposes? By choosing a BMW model, you could possibly unlock significant tax benefits. Get in touch with our team today for more details on which vehicles qualify.

If you own a Land Rover vehicle with a Gross Vehicle Weight Rating (GVWR) exceeding 6,000 pounds and you use it for business 100% of the time, you can fully depreciate it in the first year of ownership.

Eligible Land Rover vehicles include:

• Land Rover Range Rover Sport
• Land Rover Defender 90
• Land Rover Range Rover
• Land Rover Defender 110
• Land Rover Discovery
• Land Rover Defender 130

Certain SUVs and crossovers with a Gross Vehicle Weight (GVW) higher than 6,000 pounds (but no more than 14,000 pounds) are eligible for a deduction of up to $25,000. It's a great opportunity to save some money while investing in a new vehicle for your business. If you want to learn more about Section 179 and the requirements your business vehicle must meet to qualify for a full or limited deduction, don't hesitate to contact our team in Roanoke, VA, today.

If you’re considering getting a new vehicle for your business but do not need a commercial vehicle, you can still benefit from the Section 179 law. At Berglund Luxury Roanoke, we have a wide range of options on our lot that qualify, including pre-owned inventory. Contact one of our representatives to learn more about the qualifying Jaguar vehicles.

Impressive Tax Advantages Available at Berglund Luxury Roanoke

Discover the amazing perks of Section 179 tax benefits by connecting with our knowledgeable team at Berglund Luxury Roanoke in Roanoke, VA. Explore our outstanding collection of luxury vehicles and allow our seasoned professionals to assist you in finding the ideal vehicle to meet your business requirements.