Maximize Your Investment with Current Tax Incentives
Investing in new equipment is a significant business decision, and Latrobe Chevrolet is poised to help you make the most financially advantageous choice. For the current tax year, substantial federal tax deductions and credits are available that can dramatically reduce the net cost of qualifying commercial vehicles. Many businesses may be eligible to immediately deduct a significant portion, up to the full purchase price, of qualifying vehicles through mechanisms like Section 179 expensing and bonus depreciation.
The specific benefit is largely determined by the Gross Vehicle Weight Rating of the vehicle. Large trucks, cargo vans, and vehicles with a GVWR exceeding 6,000 pounds, such as the Silverado 2500HD and Express Cargo Van, often qualify for the most substantial deductions. Other trucks and SUVs falling into this weight class, including the Tahoe and Suburban, also present significant financial advantages. Even vehicles under 6,000 pounds GVWR can qualify for meaningful deductions. We advise consulting with your tax professional to determine the optimal strategy for your specific circumstances. Our team is knowledgeable about these incentives and can help identify models that offer the greatest financial benefit for your business.