Section 179 Tax Exemption

Section 179 of the IRS tax code allows businesses to deduct the price of qualifying equipment, such as vehicles, purchased or financed during the tax year. A Porsche Cayenne from Rusnak/Westlake Porsche is an ideal addition to your business, and thanks to Section 179, you may qualify for a sizeable tax write-off on your new Cayenne.

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 2019 Tax Year
Section 179 Overall Limit$1,000,000
Section 179 Limit For SUV's$25,000
Bonus Depreciation100%
Additional 280f Depreciation
(first year depreciation)
N/A
Qualifying VehiclesBoth New & Used
Example VehiclesCayenne
Sales Price$80,000
Section 179 Deduction$25,000
Bonus Depreciation
2017 - 50% Of Amount Remaining
2018 - 100% Of Amount Remaining
$55,000
Total Depreciation$80,000
Total Depreciation
(% of purchase price)
100.00%

 

*Consult your tax advisor for specifics. Program ONLY valid on vehicles above 6,000 lbs but not more than 14,000 lbs for business use.