TAX ADVANTAGES
Take advantage of an accelerated tax depreciation schedule to help increase your company's bottom line.*
Since the Range Rover, Range Rover Sport, Land Rover Defender 110 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 for business 100% of the time, giving you the freedom to spend on the things that matter most.
TAX DEPRECIATION COMPARISONS
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$90,900 Range Rover‡ VS. $90,900 Luxury Car
Total allowable depreciation for the 1st year of ownership†
Range Rover VS. Luxury Car
Range Rover¹ 100% Depreciation $90,900 | Luxury Car² 20% Depreciation $18,100 |
$68,650 Range Rover Sport‡ VS. $68,650 Luxury Car
Total allowable depreciation for the 1st year of ownership†
Range Rover Sport VS. Luxury Car
| Range Rover Sport¹ 100% Depreciation $68,650 | Luxury Car² 26% Depreciation $18,100 |
$52,300 Land Rover Discovery‡ VS. $52,300 Luxury Car
Total allowable depreciation for the 1st year of ownership†
Land Rover Discovery VS. Luxury Car
| Land Rover Discovery¹ 100% Depreciation $52,300 | Luxury Car³ 32% Depreciation $16,860 |
$49,900 Land Rover Defender 110‡ VS. $49,900 Luxury Car
Total allowable depreciation for the 1st year of ownership†
Land Rover Defender 110 VS. Luxury Car
| Land Rover Defender 110¹ 100% Depreciation $49,900 | Luxury Car² 34% Depreciation $16,860 |
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Vehicles shown: 2020 Land Rover Discovery HSE 3.0-Liter LR-V6 Supetcharged. 2020 Range Rover P525 HSE 5.0.Liter L525 V8 Gasoline, and 2020 Range Rover Sport HSE with Dynamic Pack 5.0-Liter V8 Supercharged.
*Individual tax situations may vary. Information accurate at time of publication. Federal rules and tax guidelines are subject to change. Consult your tax adviser for complete details on rules applicable to your business.
** The Range Rover, Range Rover Sport, Land Rover Discovery and Land Rover Defender 110 have gross vehicle weight ratings (GVWR) greater than 6,000 pounds and are classified as heavy SUVs. As such, these vehicles can be fully depreciated in the first year of ownership when used for business 100% of the time, GVWR is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people in the cargo. See your local authorized Land Rover retailer for details.
† 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% business use and place vehicles in service by December 31, 2020.
‡ Price comparison figures are calculated using the Base Manufacturer's Suggested Retail Price for the 2020 Range Rover Standard Wheelbase. 2020 Range Rover Sport SE, 2020 Land Rover Discovery SE and 2020 Land Rover Defender 110 Base. Price excludes $1,350 destination.handling charge, tax, title, license, and retailer fees, all due at signing, and optional equipment.
1. Range Rover, Range Rover Sport, Land Rover Discovery and Land Rover Defender 110 are fully depreciated in year one.
2. Luxury car depreciation can continue year two at $16,100, year three at $9,700, and $5,760 per year for each succeeding year until the vehicle is fully depreciated or sold.
3. Luxury car depreciation can continue year two at $14,176, year three at $8,506, and $5,103 per year for each succeeding year until the vehicle is fully depreciated or sold.
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