The Land Rover Tax Advantage
Another great reason to choose a Land Rover for your business operations is the opportunity to take advantage of an accelerated tax depreciation schedule. Due to the weight of the Range Rover, Range Rover Sport, Land Rover Defender 110, and the Land Rover Discovery being over 6,000 pounds*, each vehicle can be fully depreciated in the first year of ownership for business use.
$90,900 Range Rover‡ VS. $90,900 Luxury Car
Total allowable depreciation for the 1st year of ownership**
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$68,650 Range Rover Sport‡ VS. $68,650 Luxury Car
Total allowable depreciation for the 1st year of ownership**
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$52,300 Discovery‡ VS. $52,300 Luxury Car
Total allowable depreciation for the 1st year of ownership**
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Individual tax situations may vary. Information is accurate at the 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.
**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.