Land Rover Tax Incentives and Accelerated (Bonus) Depreciation
Vehicle Tax Credits and Bonus
Depreciation on a new Land Rover
in Rancho Mirage, CA
Effective January 20, 2025, new federal tax legislation reinstates the 100% bonus depreciation deduction for qualifying property placed in service after January 19, 2025. For business owners and Land Rover vehicle owners, this opens a compelling opportunity to write off the full purchase price of select Land Rover models: Range Rover, Range Rover Sport, Range Rover Evoque, Range Rover Velar, Defender 90, Defender 110, Defender 130, and Discovery (certain trim levels, GVWR may vary), within the first year of ownership when used primarily for business purposes. Professional tax advice is recommended.
Which Land Rover Models Qualify for Section 179?
These models fall into the “heavy vehicle” category and are exempt from the standard “luxury auto” depreciation caps, making them eligible for full depreciation under Section 179.
Land Rover models that meet (GVWR) criteria include :
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Range Rover
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Range Rover Sport
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Range Rover Evoque
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Range Rover Velar
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Defender 90
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Defender 110
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Defender 130
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Discovery (trim-dependent)
Tax Bonus Depreciation Frequently Asked Questions (FAQs)
Who qualifies for the 100% bonus depreciation when buying a Land Rover?
Business owners who purchase (not lease) a qualifying Land Rover model on or after January 20, 2025 and use it more than 50% for business purposes may be eligible to deduct up to 100% of the purchase cost in the year the vehicle is placed in service. Always consult a tax advisor to determine eligibility.
Does leasing a vehicle qualify for bonus depreciation?
No. To qualify for the 100% bonus depreciation deduction, the Land Rover Range Rover, Range Rover Sport, Range Rover Evoque, Range Rover Velar, Defender 90, Defender 110, Defender 130, and Discovery (certain trim levels), must be purchased, not leased, and used primarily for business purposes.
Which Land Rover models meet the weight requirement for bonus depreciation?
The Land Rover Range Rover, Range Rover Sport, Range Rover Evoque, Range Rover Velar, Defender 90, Defender 110, Defender 130, and Discovery (certain trim levels, typically have a Gross Vehicle Weight Rating (GVWR) over 6,000 pounds, which allows them to qualify as “heavy vehicles” exempt from luxury auto caps. The GVWR label can be found on the driver’s side door jamb.
Can bonus depreciation be combined with Section 179?
Yes. Business owners may be able to combine Section 179 expensing with bonus depreciation, depending on their tax strategy. This can allow for maximum first-year deductions, though limitations and planning considerations may apply. Professional tax advice is recommended.
Do all states allow 100% bonus depreciation?
No. Not all states conform to federal bonus depreciation rules. This can lead to differences between state and federal taxable income, so it’s important for clients to consult with a local tax advisor regarding their specific situation.
How does Land Rover Rancho Mirage assist business owners with this incentive?
At land Rover Rancho Mirage, our team is available to provide detailed vehicle information, documentation support, and personalized purchase options for business owners looking to take advantage of the 100% bonus depreciation opportunity. While we do not offer tax advice, we help ensure clients have the vehicle records they need to consult their CPA or tax attorney confidently. Professional tax advice is recommended.