Wondering how you can save around Mechanicsburg or Lebanon, PA while shopping for a luxury SUV? With recent IRS Section 179 and Section 168(k) tax code changes, your business might be eligible for significant deductions. With qualifying new or used Range Rover, Defender, and Discover SUVs, you might qualify for deductions if you're buying on behalf of a registered business. Learn more about these tax code changes and how your business in York or Lancaster, PA may qualify, get going with our easy financing process online at home, then connect with our team at Land Rover Harrisburg to go over these tax advantages.
2025 IRS Section 179 Guidelines
When bought during a given tax year, qualifying equipment, including vehicles, can be deducted by businesses through Section 179 of the IRS tax code. Three vehicle groups, Light, Heavy, and Other cover a range of new Range Rover, Defender, and Discover SUVs that we have for sale at our Carlisle, PA dealership. The luxury SUVs we sell here near Lebanon and Harrisburg, PA qualify for the Heavy category. Be sure to check on trim levels, as the weight rating is important for these tax codes.
There are several guidelines to consider with the Section 179 tax deductions you may look into on behalf of your business around Mechanicsburg and York, PA, including:
- Section 179 allows for a maximum depreciation of $31,300 for "Heavy" vehicles in the current tax year, with requirements to purchase and use the vehicle before January 1, 2026, with the title put in the name of your business, not the owner or representative.
- Qualified vehicles can be bought new or used. Must be an "arm's-length" transaction with qualified financing (auto loans or lease deals).
- The vehicle must be used at least 50 percent of the time for business purposes. Reporting personal use is required, as the time spent for either business or personal purposes will adjust the deduction level.
- A vehicle is not eligible for Section 179 deductions if it was initially bought for personal use and only joined a business fleet partway through the year.
IRS Section 168(k) "Bonus Deprecation"
Another area to look at when buying for a business near Lancaster and Carlisle is Section 168(k), allowing for additional "bonus depreciation" that accounts for 60 perfect of the purchase price of specific Range Rover, Defender, and Discovery SUVs for sale near Harrisburg. On top of the maximum $31,300 deduction from Section 179, your business can dramatically save through first-year depreciation on an eligible luxury SUV that fits into the "Heavy" category.
| 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 | - |
Further Steps to Take With Land Rover Harrisburg
Buying any type of equipment, vehicles included, for a business is far more complicated than purchasing or leasing a personal vehicle. As you can tell, there are far more factors to consider with the tax code and its various sections that cover depreciation for eligible purchases. You'll want to work hand-in-hand with your businesses certified tax advisor as you browse our new and pre-owned lineups of luxury SUVs and see what you qualify for. Our finance specialists are also on hand to help with buying, financing, and registering your vehicle on behalf of a business in the Lancaster and Lebanon area.
Why Land Rover Harrisburg is Your Best Spot for Shopping for Luxury for Your Business in Carlisle
We pride ourselves on serving a wide range of customers from Harrisburg and York, as well as businesses looking to add to their fleets. From businesses that require shuttle services to private holdings, we know that operations that desire a sense of luxury will seek out what we have to offer at Land Rover Harrisburg. If you or a representative from your business has any questions, reach out today and we'll be sure to highlight the potential deductions you may find from Section 179 and Section 168(k) in the IRS tax code.