Which Vehicles Qualify for Deductions
Nearly all vehicles can qualify for at least a partial deduction. The limits are based on the type of vehicle, its gross vehicle weight rating (GVWR), and the business use criteria:
Light Vehicles - Under 6,000 Pounds
Most of our Lexus vehicles fall under the light vehicle category and follow standard depreciation rules.
Heavy Vehicles - Over 6,000 Pounds but Less Than 14,000 Pounds
Most SUVs and light trucks fall in the heavy category and have a deduction limit of up to $31,300
Other Vehicles
Vehicles over 6,000 pounds that are heavy work trucks or specifically modified for a specific work purpose (i.e. cannot easily double as a personal vehicle) are eligible for a deduction of up to the full purchase price of the vehicle.
Contact Lexus of Marin and Use Your Tax Benefits Today
For more information about Section 179 benefits and to find eligible vehicles in our inventory, contact our experts at Lexus of Marin. Whether for business or pleasure, we are happy to help you find the right match and get the most from your tax savings.