5 best luxury vehicles qualify for section 179
*This list of vehicles loosely follows the IRS section 179 guidelines online, which indicate the specific vehicles which qualify for a tax incentive for a business purchase. Those reading this list should consult a professional certified tax professional to their own situation and confirm the vehicle will indeed qualify. This list is built based on the GVWR as indicated via the aforementioned site. Those reading this blog are responsible for researching tax law and understand that this list is for informational purpose only. In no way does Mercedes-Benz of Littleton certify a purchase will qualify for a tax incentive.
**Every person and entity should follow guidance from a tax professional that knows the complexities of your business and your personal situation.
These are the 5 Best Luxury Vehicles that may Qualify for a Tax Incentive For Your Business.
Available now at Mercedes-Benz of Littleton
If you're looking for a great luxury company vehicle that fits the criteria for section 179, again talk to a tax professional about your situation and what your company can write off. As it's the end of the year, and you've done an amazing job running a successful company and you're looking for ways to write off some last minute dollars, this list is for you.
What is section 179?
First, let's answer the question of the hour. What is section 179... Here is a down and dirty explanation, when you buy a vehicle through your company, for company use, you can write off a substantial amount of the vehicle cost off as a business expense.
There are caveats in the law to what type of vehicle, and what's considered business use. This is where you'll need to talk to a professional that you trust to understand the intricacies of the law and how it pertains to your business.
What Luxury Vehicles Qualify for section 179?
Great question! Did you know there are a number of great luxury vehicles that qualify for section 179 because of the GVWR or Gross Vehicle Weight Rating. This list will break down the top 9 best luxury vehicles that qualify for section 179, and I bet you'll be surprised at what qualifies for 2022!
2023 Mercedes-Benz AMG EQS Sedan
Surprised? An all electric, new top of the line Mercedes-Benz starts off the list!
Equipped with dual AMG electric motors. This bad boy can unleash 649 hp, and easily go from 0 to 60 in 3.4 seconds. With all that power you would think you need to spend time recharging. But that's not the case. Using advanced technology you can add 186 miles of range in just 15 minutes if you stop at any of our nationwide network charge stations. The added battery weight makes this one of the few sedans to qualify (weight wise) for a section 179 tax credit. There's an added benefit when buying an EV as well, the dealership may also be able to take an EV credit up to $7,500 off the price as well! This is only number 9, just wait, it gets better!
2023 Mercedes-Benz Metris Passenger Van
Every business owner loves their Metris Passenger Van so we just had to include it on our list!
At Mercedes-Benz of Littleton, We customize every vehicle with you in mind. This is especially true for our Metris and Sprinter vans! The Metris offers multiple seating options ranging from 2-8. This is perfect for any business with the need for transportation of passengers. With a spacious 38 cubic ft. of storage space in the trunk you will also have room to carry luggage as well. The seats are designed to fold down or be removed when not in use in case you need even more storage space!
2023 Mercedes-Benz Sprinter Cargo Van
As previously mentioned we take great pride in our custom styling of the Sprinter and Metris vans. So, we had to mention both!
What's the difference between the Metris and the Sprinter van? Go ahead and click on the link to compare. Our sprinter vans give the option of 4 wheel drive which is a huge advantage especially in winter months. They are taller than their cousin the Metris and allowing for more head room. The cargo van option is designed for storage and offers a whopping 319 cu. ft.. But just because it's for business doesn't mean it can't be a pleasure to drive! It comes standardly equipped with brake assist and also offers a plethora of optional features to take your driving to the next level!
2022 Mercedes-Benz AMG GLE 53 S 4Matic SUV
Looing for a light hybrid vehicle to give a little extra boost of power?
Our AMG GLE 63 S 4Matic SUV will get from 0 to 60 in 3.7 seconds! It's equipped with a 306hp 4.0L V8 biturbo with mild hybrid drive engine that can tow up to 7,700 lbs. It comes with our patented AMG Performance 4MATIC® all-wheel drive. And can seat up to 5 passengers. Come on it and test drive one today! The AMG GLE 63 S won't disappoint!
2023 Mercedes-Benz GLA 250 4MATIC® SUV
Coming in at number 5 on our list is the Mercedes-Benz GLA 250 SUV.
The GLA 250 4MATIC® SUV is a subcompact vehicle that comfortably seats five. Because it is subcompact you will be able to easily maneuver around town. The 4MATIC® means all wheel drive to help on those snowy winter roads. It is sleek and sexy on the outside. But, where the GLA 250 SUV really shines is on the inside! Luxury is prevalent everywhere! Remote start, illuminated entry system, MB-Tex upholstery, and a power lift gate are just a few honorable mentions that come standard. It is also bursting with tons of standard safety features. Rear view cameras, down hill speed regulation, rain sensing windshield wipers, heated windshield washer fluid, and heated electric rear view mirrors with blind spot assist.
2023 Mercedes-Benz EQB 350 4MATIC® SUV
Coming in at a strong in 4th place is the fully electric 2023 EQB 350 4Matic SUV
This equisetic SUV has all the bells and whistles of it's carbon footprint rivals. The 2023 EQB 350 4Matic is equipped with asynchronous (ASM)/rear Permanently Excited Synchronous (PSM) electric motors that go from 0 to 60 in 6 seconds. It comes with a range of advanced safety and driver assistance features like: adaptive cruise control, lane keep assist, and automatic emergency braking. It also has a spacious interior with comfortable seating for up to seven passengers, as well as a large cargo area. This is an amazing SUV that is a practical choice for families or those who need plenty of storage space. As the GLB is an electric vehicle, it may qualify for an EV credit as well as section 179, get up to an additional $7,500 off from the dealership! Oh and we almost forgot ... it can tow up to 7,000 lbs.
Mercedes-Benz AMG G 63 SUV
We are now on the top 3 and what a way to start it out with the AMG G 63
The AMG G 63 is a powerful and luxurious SUV that has rugged look and is well-suited for both on-road driving and off-road adventures. It is powered by a 4.0-liter biturbo V8 engine. It can accelerate from 0 to 60 mph in just 4.5 seconds. It also comes fully equipped with a number of performance-enhancing features, including, a nine-speed automatic transmission, an adaptive suspension system, and a high-performance braking system just to mention a few. The AMG G 63 also comes with a number of elegant features inside, including a leather interior, a panoramic sunroof, and a state-of-the-art infotainment system.
2023 Mercedes-Benz GLB 250 4MATIC®
Our runner up is the 2023 GLB 250 4Matic!
The GLB 250 4MATIC is a compact yet extravagant SUV with a spacious and comfortable interior. As with all Mercedes vehicle it is crafted with highest quality materials and comes with a wide range of standard/optional features. It also has a good safety record, with a variety of advanced driver assistance systems available as options. The GLB 250 4MATIC has a good fuel economy for a compact SUV, with an EPA-estimated rating of 24 mpg city, 31 mpg highway, and 27 mpg combined.
We highly recommend the GLB 250 4MATIC for those looking at a compact luxury SUV with a spacious interior, good performance, and a comfortable ride.
2023 Mercedes-Benz EQS 580 SUV
Finally, the moment you've been waiting for, Number 1 on the list is an all new 2023 EQS 580 SUV!
Thinking ahead for the future the 2023 Mercedes-Benz EQS 580 SUV is one giant leap towards ambition2039. Ambition2039 is our goal to be 100% emission free by 2039 and we are doing it with style! What do we mean by style? Well for starters the EQS 580 is equipped with advanced features such as a fully digital instrument panel, a large infotainment display, and a number of driver assistance systems. The systems use sensors and cameras to monitor the surrounding environment and assist the driver with tasks such as lane keeping and parking. It also features a number of luxury features, such as a panoramic sunroof, ambient lighting, and a premium sound system. Come in and test drive one today!
The EQS 580 SUV being an EV, this vehicle is the perfect addition to your fleet, and you can save money from two different angles - EV credit as well as section 179.
IRS Guidelines for Section 179 Vehicles Are Ever-Changing
It’s important to understand the difference between business and personal use before deciding where your Section 179 deduction falls. If you look to the IRS, they explain business vs. personal use in detail, and so can your CPA. Your tax professional can also provide instructions on depreciation deductions and amortization, something else that's important to understand when it comes to these details. Again, talk to your tax professional for answers about the Section 179 deductions, and look to them for what your end of year tax savings could be.