Royal Land Rover
4670 N. Circuit Rd Tucson, AZ 85705Sales: (866) 980-7046
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Tax Incentives
A Land Rover is a great addition to any business. Not only is it an exclusive vehicle that would make any small business owner proud, but it is also immensely capable and rewarding to drive. And with its tax deduction advantages, it can also be rewarding to your bottom line.*
Since all new Range Rover, Range Rover Sport and LR4 models have a Gross Vehicle Weight Rating (GVWR)** of over 6,000 pounds, they qualify for an accelerated tax depreciation schedule. When they are used for business, they can be depreciated at a faster rate than luxury cars.
The tax depreciation comparisons on the below are designed for business owners who purchase a new Range Rover, Range Rover Sport or LR4 before December 31, 2009, and use their vehicles 100 percent for business. Please see your tax advisor for more information.
When used for business purposes, Range Rover, Range Rover Sport, and LR3 models offer significant tax advantages in comparison to similarly priced luxury cars.
* Individual tax situations may vary. The information in this page was accurate at the time of posting. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your transaction.
** Gross Vehicle Weight Rating (GVWR) is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo.
Comparisons based on Section 179 of the Internal Revenue Code, and reflect figures for owners who purcahse vehicles for 100-percent business use, and place vehicles in service by December 31, 2009. 1. Range Rover depreciation can continue at $6,336 in Year Five and $3,168 in Year Six, at which point it is fully depreciated. 2. Range Rover Sport depreciation can continue at $4,147 in Year Five and $2,074 in Year Six, at which point it is fully depreciated. 3. land Rover LR4 depreciation can conitnue at $2,765 in Year Five and $1,382 in Year Six, at which point it is fully depreciated. 4. Luxury car depreciation can continue at $1,775 per year for each succeeding year until the vehicle is full depreciated or sold.
Since all new Range Rover, Range Rover Sport and LR4 models have a Gross Vehicle Weight Rating (GVWR)** of over 6,000 pounds, they qualify for an accelerated tax depreciation schedule. When they are used for business, they can be depreciated at a faster rate than luxury cars.
The tax depreciation comparisons on the below are designed for business owners who purchase a new Range Rover, Range Rover Sport or LR4 before December 31, 2009, and use their vehicles 100 percent for business. Please see your tax advisor for more information.
When used for business purposes, Range Rover, Range Rover Sport, and LR3 models offer significant tax advantages in comparison to similarly priced luxury cars.
Total allowable depreciation years 1 through 4
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Total allowable depreciation years 1 through 4
Bonus Depreciation | ||
| Total | ||
Total allowable depreciation years 1 through 4
Bonus Depreciation | ||
| Total | ||
* Individual tax situations may vary. The information in this page was accurate at the time of posting. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your transaction.
** Gross Vehicle Weight Rating (GVWR) is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo.
Comparisons based on Section 179 of the Internal Revenue Code, and reflect figures for owners who purcahse vehicles for 100-percent business use, and place vehicles in service by December 31, 2009. 1. Range Rover depreciation can continue at $6,336 in Year Five and $3,168 in Year Six, at which point it is fully depreciated. 2. Range Rover Sport depreciation can continue at $4,147 in Year Five and $2,074 in Year Six, at which point it is fully depreciated. 3. land Rover LR4 depreciation can conitnue at $2,765 in Year Five and $1,382 in Year Six, at which point it is fully depreciated. 4. Luxury car depreciation can continue at $1,775 per year for each succeeding year until the vehicle is full depreciated or sold.
