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Your tax dollars at work

Immediately write off up to 100% of the purchase price of eligible Chevy vehicles!* For 100 years, Chevy has helped business owners do what it takes to get the job done. Now, under new tax depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase price of an unlimited number of qualifying Chevy vehicles purchased in 2018 for business use.

View Inventory or call Drake Ward 540-376-3667

 

FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2018

Up to $18,000 per vehicle (no aggregate limitation)

  • Spark
  • Sonic
  • Cruze
  • Malibu
  • Impala
  • Volt
  • Bolt EV
  • Trax
  • Equinox
  • Camaro
  • Corvette
  • Colorado
  • City Express

†Passenger automobiles as defined under the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR of 6,000 lbs. or less) and placed in service during 2018 qualify for immediate depreciation deductions of up to $18,000 per vehicle.

FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2018

Up to 100% of purchase price (no per-vehicle or aggregate limitation)

  • Silverado 1500
  • Silverado 2500HD
  • Silverado 3500HD
  • Silverado Chassis Cab
  • Traverse
  • Tahoe
  • Suburban
  • Express Cargo Van
  • Express Passenger Van
  • Express Cutaway
  • Low Cab Forward

 View Inventory or call Drake Ward 540-376-3667

†Passenger automobiles as defined under the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR of 6,000 lbs. or less) and placed in service during 2018 qualify for immediate depreciation deductions of up to $18,000 per vehicle.

 

 

*Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayers’ tax situation is unique; please consult your tax advisor to determine your business’ vehicle depreciation deduction. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2018 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2018 qualify for immediate depreciation deductions of up to $18,000 per vehicle. For more information, visit irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability.