HEIGHTEN YOUR ADVENTURE...WHILE YOU LOWER YOUR TAXES
Change your perspective from behind the wheel of a new Range Rover, Range Rover Sport or Land Rover Discovery. Not only will you experience the extraordinary capabilities and exceptional luxury of these world-renowned Land Rover vehicles, but you'll also increase your company's bottom line with an accelerated tax depreciation schedule.*
Because Range Rover, Range Rover Sport and Land Rover Discovery have Gross Vehicle Weight Ratings (GVWR) greater than 6,000 pounds,** they can be depreciated up to 96% in the first four years of ownership when used at least half the time for business.
That means in addition to the many rewards of Land Rover ownership, you'll enjoy a major tax advantage compared to a similarly priced luxury car.
Vehicle shown: 2018 Land Rover Discovery HSE Td6.
* Individual tax situations may vary. The information presented was accurate at time of publishing. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your business.
** With Gross Vehicle Weight Ratings (GVWR) of more than 6,000 pounds, these Land Rover models are classified as "heavy SUVs." GVWR is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo.
† 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 50 percent or greater business use and place vehicles in service by December 31, 2017.
1. Range Rover depreciation can continue at $3,514 in Year Five, and $1,757 in Year Six, at which point it is fully depreciated. Range Rover Sport depreciation can continue at $2,362 in Year Five, and $1,181 in Year Six, at which point it is fully depreciated. Discovery depreciation can continue at $1,440 in Year Five, and $720 in Year Six, at which point it is fully depreciated.
2. Luxury car depreciation can continue at $1,875 per year for each succeeding year until the vehicle is fully depreciated or sold.
© 2017 Jaguar Land Rover North America, LLC