Land Rover Rancho Mirage TAX ADVANTAGE
DID YOU KNOW WHEN YOU BUY A LANDROVER FOR YOUR BUSINESS YOU MAY BE ELIGIBLE FOR GOOD-SIZED TAX ADVANTAGE?
Whether you’re driving across town on icy roads for a lunch meeting or heading up a snowy mountain to a ski resort for your annual retreat, you love how safe you feel driving a new Land Rover for business outings.
And right now you can take advantage of an accelerated tax depreciation schedule to help increase your bottom line thanks to the fact that you are driving a Land Rover.
It’s all because the Range Rover, Range Rover Sport, Land Rover Defender 90, Land Rover Defender 110, and Land Rover Discovery have Gross Vehicle Weight Ratings (GVWR) greater than 6,000** pounds. That means they can be fully depreciated in the first year of ownership when used for business 100% of the time.
You save money and can put your dollars toward the things that matter most in your life.
Below are some comparisons that show the tax depreciation advantages for business owners like you when you purchase one of the above models before December 31, 2021. Be sure to consult your accountant or tax advisor to make sure this offer works for you and your particular work situation.
$93,800 RANGE ROVER‡ VS. $93,800 LUXURY CAR
Total allowable depreciation for the 1st year of ownership†
RANGE ROVER
100%
DEPRECIATION
$93,800
VS
LUXURY CAR
20%
DEPRECIATION
$18,200
$70,900 RANGE ROVER SPORT‡ VS. $70,900 LUXURY CAR
Total allowable depreciation for the 1st year of ownership†
RANGE ROVER SPORT¹
100%
DEPRECIATION
$70,900
VS
LUXURY CAR
26%
DEPRECIATION
$18,200
VIEW RANGE ROVER SPORT INVENTORY
$55,000 LAND ROVER DISCOVERY‡ VS. $55,000 LUXURY CAR
Total allowable depreciation for the 1st year of ownership†
LAND ROVER DISCOVERY
100%
DEPRECIATION
$70,900
VS
LUXURY CAR
32%
DEPRECIATION
$17,180
VIEW LAND ROVER DISCOVERY INVENTORY
$48,700 LAND ROVER DEFENDER 90‡ VS. $48,700 LUXURY CAR
Total allowable depreciation for the 1st year of ownership†
LAND ROVER DEFENDER 90
100%
DEPRECIATION
$48,700
VS
LUXURY CAR
33%
DEPRECIATION
$18,200
VIEW LAND ROVER DEFENDER 90 INVENTORY
1. Range Rover depreciation can continue at $3,398 in Year Five, and $1,699 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.
3. Range Rover Sport depreciation can continue at $2,246 in Year Five, and $1,123 in Year Six, at which point it is fully
depreciated.
4. Land Rover Discovery depreciation can continue at $1,440 in Year Five, and $720 in Year Six, at which point it is fully depreciated.
