At Jeff Gordon Chevrolet in Wilmington, NC, we take pride in giving you the best value on the new Chevrolet vehicles your business depends on. With the 2019 tax incentives, you could be eligible for up to $510,000 in business tax deductions when you purchase qualifying Chevrolet vehicles for your business before 12/31/19. And you can stack up select BUSINESS CHOICE OFFERS and other small-business incentives to get an even bigger haul. To learn more about current offers, contact Jeff Gordon Chevrolet at (910)791-2424 or visit gmbusinesschoice.com for details and vehicle eligibility.
Immediately write off up to 100% of the purchase price of eligible Chevy vehicles!* For 100 years, Chevy has helped business owners do what it takes to get the job done. Now, under new tax depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase price of an unlimited number of qualifying Chevy vehicles purchased in 2019 for business use.
FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2019
Up to $18,100 Per Vehicle (no aggregate limitation)**
Up to 100% of purchase price (no per-vehicle or aggregate limitation)***
Silverado Chassis Cab
Express Cargo Van
Express Passenger Van
Low Cab Forward
Check out 2019 Business Choice Offers on all Commercial Trucks and Vans at Jeff Gordon Chevrolet!
1. Each individual’s tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit IRS.gov
2. For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is a $3,160 per-vehicle depreciation deduction cap or $3,460 for certain SUVs, trucks, and vans placed in service during 2019.
3. For vehicles that qualify as sport utility vehicles, including certain trucks and vans, under the Internal Revenue Code, the maximum amount that may be expensed is $25,000 of the total purchase price. The $25,000 expense cap contributes to the $500,000 dollar limit and $2,000,000 investment limit under Section 179.
Jeff Gordon Chevrolet currently has hundreds of vehicles that qualify for the Section 179 tax deduction. Click here to start shopping for your business' new vehicles or call the internet sales hotline at (910)791-2727.
* Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayers’ tax situation is unique; please consult your tax advisor to determine your business’ vehicle depreciation deduction. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2019 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2019 qualify for immediate depreciation deductions of up to $18,100 per vehicle. For more information, visit irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability.
** Passenger automobiles as defined under the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR of 6,000 lbs. or less) and placed in service during 2019 qualify for immediate depreciation deductions of up to $18,100 per vehicle.
*** Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2019 qualify for immediate depreciation deductions of up to 100% of the purchase price.