Sweeney Buick GMC

Deduct up to 100% Of The Purchase Price Of Your Fleet Upgrades

Small Business Customers May Claim Up to 100% of the Purchase Price of a vehicle

 

Under new depreciation laws, your business might be able to deduct up to 100% of the purchase on an unlimited number of qualifying vehicles that you will be using for business purposes!

 

With these new tax depreciation laws, this is the perfect time to upgrade your fleet of vehicles and to lower your business' tax liability. 




ModelFirst Year Depreciation Limits
Canyon* Up to $18,000
Canyon Denali* Up to $18,000
Terrain* Up to $18,000
Terrain Denali* Up to $18,000
Siierrra 1500** 100% of Purchase Price Per Vehicle
Sierrra 1500 Denali** 100% of Purchase Price Per Vehicle
Sierrra 2500HD** 100% of Purchase Price Per Vehicle
Sierra 3500HD Denali** 100% of Purchase Price Per Vehicle
Sierra 3500HD & HD Chassis Cab** 100% of Purchase Price Per Vehicle
Yukon & Yukon XL** 100% of Purchase Price Per Vehicle
Yukon& Yukon XL Denali** 100% of Purchase Price Per Vehicle
Acadia** 100% of Purchase Price Per Vehicle
Acadia Denali** 100% of Purchase Price Per Vehicle
Canyon Crew Cab 4WD** 100% of Purchase Price Per Vehicle
Savana Passenger Van** 100% of Purchase Price Per Vehicle
Savana Cutaway** 100% of Purchase Price Per Vehicle
Cavana Cargo Van** 100% of Purchase Price Per Vehicle

*Passenger autombiles, as defined in the IRS Code (Including SUVS, Trucks and 

crossoversr with a GVWR up to 6,000 lbs) and placed in service during 2019 qualify

for immediate depreciation deductions of up to $18,000 per vehicle. **Trucks vans

and SUVs as defined in the IRS 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.

Each individuals tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details visit www.irs.gov

Image result for gmc logo

 

Additional Tax Section 179 Facts:

 

-Vehicle titles must be in the company's name. 

-An eligible vehicle msut be used for business at least 50 percent of the time. 

-Businesses can still take advantage of other incentivesa nd Business Choice offers in addition to these potential tax savings. 

Contact Information