The Section 179 Deduction, known colloquially as the “Hummer Loophole,” enables businesses to deduct a portion of the cost of certain qualifying vehicle purchases. This provision allows for the purchase of specific vehicles, including many SUVs weighing over 6,000 pounds, with a claim limit of $28,900 for large SUVs. However, limits are in place to prevent misuse of the deduction. The qualifying vehicles also include those with nine or more seats behind the driver’s seat and pickup trucks with cargo beds six feet in length or longer. With that said, we have come up with a list of the best Section 179 vehicles that could get you into that loophole!
Best Company Vehicles to Avail a Tax Write Off
If you want to save money and get yourself a vehicle, below are some of the best business vehicles that are eligible for Section 179:
Chevy Tahoe
The Chevy Tahoe takes the lead as Motor Week’s “Best Large Utility Vehicle,” impressing with both its outstanding performance and notable safety features, earning high scores in crash tests. The emphasis on safety is particularly reassuring for those driving with family or, in a business context, with important passengers. The Tahoe’s top-tier safety credentials enhance the overall driving experience, providing confidence and peace of mind for individuals transporting loved ones or conducting business trips with valued passengers.
Ford Expedition
One of the best vehicles over 6,000 pounds is the Ford Expedition, which stands out for its exceptional safety features, particularly with the inclusion of AdvanceTrac with Roll Stability Control, ensuring a secure driving experience. While the ability to write off a significant portion of the Ford Expedition’s cost is an appealing aspect, it’s crucial to be mindful of potential expenses, notably fuel consumption. Despite the tax benefits, it’s important to note that the Expedition has an estimated EPA fuel efficiency of 12 mpg in the city and 18 mpg on the highway, necessitating prudent budgeting for fuel expenses to fully capitalize on the vehicle’s tax advantages.
GMC Yukon
Boasting an impressive 320-horsepower, 5.3-liter V8 engine, the GMC Yukon is considered the best SUV for business because it delivers outstanding performance that adds to its appeal. Beyond its powerful engine, what truly distinguishes the Yukon and secures its spot in this list is its unwavering commitment to safety. GMC has earned a reputation for manufacturing exceptional SUVs, and the Yukon is no exception. The inclusion of robust safety features ensures not only a thrilling driving experience but also peace of mind for those prioritizing the safety of themselves and their passengers.
Chevy Silverado
Finally, a pickup truck makes its appearance on the list of impressive vehicles, an essential inclusion. The Chevy Silverado stands out for its notable attribute: sheer fun! This pickup truck not only delivers exceptional performance but also offers the added advantage of potential tax benefits through the Section 179 Deduction. The allure of the Silverado lies in its ability to provide an exhilarating driving experience, making it a standout choice among the list of awesome vehicles. With the possibility of writing off a substantial portion of its cost, the Silverado becomes an even more enticing option for those seeking both enjoyment on the road and financial advantages.
Mercedes-Benz GL-Class SUV
Naturally, when it comes to Mercedes-Benz, you expect nothing less than elegance, and the GL-Class SUV lives up to that standard shared by all vehicles from this prestigious brand. Like its Mercedes-Benz counterparts, the GL-Class combines remarkable performance with convenient features. While the gas mileage holds up well at 24 mpg on the highway, it’s essential to note that the luxurious appeal comes with a hefty price tag. However, for those who prioritize class, performance, and convenience, the GL-Class SUV remains a top-tier choice within the Mercedes-Benz lineup, offering a blend of sophistication and practicality.
Cadillac Escalade
Similar to the Chevy Tahoe, the Cadillac Escalade excels in safety, earning high marks in crash tests. True to Cadillac’s reputation, it boasts a stunning interior and exterior design, delivering the expected level of luxury. While the sticker price exceeds double the $25,000 deduction limit, emphasizing its high cost, the Escalade justifies its price tag with its premium features and unparalleled elegance. Despite its substantial expense, the Escalade stands out as a worthwhile investment for those who prioritize both safety and the luxurious aesthetics characteristic of Cadillac vehicles.
Chevy Suburban
The Chevy Suburban, a timeless favorite that has endured through the ages, maintains its appeal in newer models, just as it did in the past. The latest iterations continue the tradition of greatness, featuring an enhanced suspension and the inclusion of StabiliTrac for improved safety ratings. The Suburban’s enduring popularity is attributed to its rugged, solid, and sharp exterior design, mirroring the characteristics that have defined this vehicle throughout its long-standing history. The combination of modern upgrades and the classic robust aesthetics makes the Chevy Suburban a reliable and visually appealing choice for those seeking a blend of durability and contemporary features.
Hummer H2
The best “Hummer Loophole” vehicles wouldn’t be complete without an actual Hummer, and the Hummer H2 certainly holds its own. Recognized for its impressive road presence, the Hummer is more than just a status symbol; it’s an unabashed acknowledgment that this vehicle might have business applications. The Hummer H2’s standout feature lies in its remarkable off-road capabilities, making it an extraordinary choice for those who appreciate adventure and rugged terrains. Embracing its identity, the H2 encourages owners not to conceal its unmistakable Hummer style but rather to proudly showcase it on and off the road.
Choose Your New Vehicle While Enjoying the Section 179 Tax Benefits
Unlock the potential of your business with the perfect vehicle. Explore our curated list of top-notch options eligible for the Section 179 Deduction. Enhance your business’s efficiency, safety, and style while capitalizing on significant tax advantages. Choose the best fit for your company needs today and drive your business forward!