If you own a business in Central Florida and are considering purchasing or leasing a Land Rover vehicle, you'll be pleased to know that many Land Rover models may qualify for the Section 179 tax deduction. This allows businesses to deduct the full or partial cost of certain qualifying equipment, including vehicles, purchased or leased during the tax year. By taking advantage of Section 179, your business could enjoy significant tax savings.
What Types of Land Rover Vehicles Qualify for Section 179?
In general, heavy SUVs, pickups, and vans that are used more than 50% for business purposes may qualify for the Section 179 deduction. For Land Rover, this includes many of their most popular models. To be eligible, the vehicle must have a gross vehicle weight rating (GVWR) above 6,000 pounds and be purchased and put into service in the same tax year.
Some Land Rover models that may qualify when configured correctly include:
- Range Rover
- Range Rover Sport
- Discovery
- Defender (coming soon)
However, it's important to discuss the details with your tax professional to determine if a specific vehicle purchase will qualify for your business.
Buying a Qualifying Land Rover in Lakeland
At Land Rover Lakeland, located in Lakeland, FL, we have a great selection of Land Rover models that may be eligible for the Section 179 deduction. Our knowledgeable sales staff can help you find the right vehicle to fit both your business needs and qualify for potential tax savings.
Business owners in Valrico can make the short drive on I-4 to Land Rover Lakeland and explore the potential tax benefits of purchasing a Land Rover for their company. With a wide inventory of premium Land Rover vehicles to choose from, it's a great place to start your search.
Other Areas We Serve in Central Florida
In addition to Lakeland and Valrico, Land Rover Lakeland is proud to serve businesses and individuals throughout Central Florida. Owning a business in Kissimmee and need a powerful, capable vehicle that also offers tax advantages? Land Rover Lakeland is just a short trip on I4.
For companies in Winter Haven, making the drive to Land Rover Lakeland is a smart choice when looking to purchase or lease a business vehicle that may qualify for Section 179 deductions. Their experienced staff can guide you through the different models and options to find the best match.
Plant City business owners will appreciate that Land Rover Lakeland is located right off I-4, making it quick and convenient to stop in and check out the impressive lineup of vehicles. From the luxurious Range Rover to the versatile Discovery, they have options to suit a variety of business needs and budgets.
Consult Your Tax Professional
As with all tax matters, it's crucial to consult with a qualified tax professional to determine how the Section 179 deduction could apply in your specific business situation. They can advise you on the requirements, limits, and potential savings of purchasing a qualifying Land Rover vehicle for your company.
Book Your Test Drive
The Section 179 tax deduction provides a valuable opportunity for businesses to invest in vehicles they need while also benefiting from substantial tax savings. If your company is located in Lakeland, Valrico, or anywhere in Central Florida, consider stopping by Land Rover Lakeland to explore their inventory of powerful, premium vehicles that may qualify for these deductions. Our team is ready to help you find the perfect Land Rover to drive your business forward. We look forward to helping you save on the car of your dreams.