Luxury Tax Advantages in Lynchburg, VA

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Get Rewarded with Luxury Tax Advantages

Enjoy unparalleled comfort and versatility when you get behind the wheel of luxury vehicles, elevating your company's driving experience to new heights. Stand out from the crowd while maximizing tax benefits under Section 179. Take advantage of accelerated tax depreciation to boost your company's profitability.

What is Section 179?

Section 179 presents an incredible opportunity for businesses to deduct a significant portion, or even the entire cost, of qualifying equipment in the current tax year. This includes eligible luxury vehicles such as Mercedes-Benz. Taking advantage of this deduction can have a substantial impact on your bottom line, so don't miss out.

Which Luxury Models Qualify?

"Heavy" vehicles can score you a tax deduction of up to $28,900 under Section 179. And in 2024, you can enjoy a bonus depreciation rate of 60%. The vehicle has to be used for business purposes and needs to be purchased and put into service within the tax year.

Mercedes-Benz

There are some Mercedes-Benz models that also qualify for Section 179 tax benefits. Check out the eligible range of models available, including:

  • G 550 4x4 Squared: 7,057 pounds
  • GLE 450 4MATIC®: 6,614 pounds
  • AMG® G 63 4MATIC® SUV: 6,724 pounds
  • GLS 580 4MATIC®: 6,768 pounds
  • GLS 600 4MATIC®: 6,768 pounds
  • GLE 350 4MATIC®: 6,217 pounds

Mercedes-Benz Sprinter models offer impressive Gross Vehicle Weight Ratings (GVWRs) ranging from 9,050 to 12,120 pounds. Some of the exceptional models include:

  • 3500 Sprinter Cargo Van
  • 2500 Sprinter Crew Van
  • 2500 Sprinter Passenger Van
  • 2500 Sprinter Cargo Van

Volvo

When you shop at Berglund Luxury Lynchburg, you might be in for fantastic savings. Specific Volvo qualifies for the Section 179 Tax Deduction, so make sure you contact our team members to find out more.

BMW

BMW vehicles may be eligible for full depreciation in the first year when used exclusively for business purposes. This means choosing a BMW model could lead to substantial tax benefits. Contact our team for more information about the qualifying vehicles.

Drive Luxury with Berglund Luxury Lynchburg

Uncover the incredible benefits of Section 179 tax advantages by reaching out to our expert team at Berglund Luxury Lynchburg in Lynchburg, VA. Dive into our exceptional selection of luxury vehicles and let our experienced team guide you in discovering the perfect vehicle for your business needs.