Land Rover

Land Rover Jacksonville

11217 Atlantic Blvd
Directions Jacksonville, FL 32225

  • Sales: 904-642-1500
  • Service: 904-642-1500
  • Parts: 904-302-6451
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        LAND ROVER TAX ADVANTAGE

        TAX ADVANTAGES
        Since Range Rover, Range Rover Sport and Land Rover Discovery have Gross Vehicle Weight Ratings (GVWR) greater than 6,000 pounds,** they can be fully depreciated in the first year of ownership when used 100% of the time for business. That's a key tax advantage compared to a similarly priced luxury car. 
        TAX DEPRECIATION COMPARISONS
        These comparisons illustrate the tax depreciation advantages for business owners who purchase a new Range Rover, Range Rover Sport or Land Rover Discovery before December 31, 2019.† Please consult your tax advisor to determine how this information can be applied to your individual business situation.
         
         

          

         

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        Land Rover Jacksonville

        11217 Atlantic Blvd
        Directions Jacksonville, FL 32225

        • Sales: 904-642-1500
        • Service: 904-642-1500
        • Parts: 904-302-6451

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        Individual tax situations may vary. The information presented was accurate at time of publishing. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your business.
        * Comparisons based on Section 179 and 168(k) of the Internal Revenue Code, which allows for additional first year depreciation for eligible vehicles and reflects figures for owners who purchase vehicles for 100 percent business use and place vehicles in service by December 31, 2019.
        1. Land Rover Discovery, Range Rover Sport and Range Rover vehicles shown fully depreciate in Year One.
        2. Luxury car depreciation can continue year two at $16,100, year three at $9,700, year four at $5,760 and $1,875 per year for each succeeding year until the vehicle is fully depreciated or sold.
        ** With Gross Vehicle Weight Ratings (GVWR) of more than 6,000 pounds, these Land Rover models are classified as "heavy SUVs." Gross Vehicle Weight Rating (GVWR) is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo.
        3. Luxury car depreciation can continue year two at $14, 176, year three at $8,506, year four at $5,103, year five at $5,103 and year six at $2,552. 

        † Comparisons based on Section 179 and 168(k) of the Internal Revenue Code, which allows for additional first year depreciation for eligible vehicles and reflects figures for owners who purchase vehicles for 100 percent business use and place vehicles in service by December 31, 2019.

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