SECTION 179 VEHICLE TAX DEDUCTIONS

​BUSINESS VEHICLE DEDUCTIONS

At Jeff Gordon Chevrolet in Wilmington, NC, we take pride in giving you the best value on the new Chevrolet vehicles your business depends on. With the 2019 tax incentives, you could be eligible for up to $510,000 in business tax deductions when you purchase qualifying Chevrolet vehicles for your business before 12/31/19. And you can stack up select BUSINESS CHOICE OFFERS and other small-business incentives to get an even bigger haul. To learn more about current offers, contact Jeff Gordon Chevrolet at (910)791-2424 or visit gmbusinesschoice.com for details and vehicle eligibility.


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 2019 for business use.
FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2019
Up to $18,100 Per Vehicle (no aggregate limitation)**
  • Spark
  • Sonic
  • Cruze
  • Malibu
  • Impala
  • Volt
  • Bolt EV
  • Trax
  • Equinox
  • Camaro
  • Corvette
  • Colorado
  • City Express

Up to 100% of purchase price (no per-vehicle or aggregate limitation)***
  • Silverado 1500
  • Silverado 2500HD
  • Silverado 3500HD
  • Silverado Chassis Cab
  • Blazer
  • Traverse
  • Tahoe
  • Suburban
  • Express Cargo Van
  • Express Passenger Van
  • Express Cutaway
  • Low Cab Forward
Check out 2019 Business Choice Offers on all Commercial Trucks and Vans at Jeff Gordon Chevrolet!


New Arrivals

  • 2019 Chevrolet Silverado 3500HD CC WT Pickup

    2019 Chevrolet Silverado 3500H…

    • $50,020
    View Details
  • 2020 Chevrolet Colorado 2WD Work Truck Pickup

    2020 Chevrolet Colorado 2WD Wo…

    • $25,610
    View Details
  • 2020 Chevrolet Colorado 4WD Work Truck Pickup

    2020 Chevrolet Colorado 4WD Wo…

    • $33,530
    View Details
  • 2020 Chevrolet Colorado 2WD Work Truck Pickup

    2020 Chevrolet Colorado 2WD Wo…

    • $25,175
    View Details


SECTION 179 DEDUCTION
1. Each individual's tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit IRS.gov
2. For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is a $3,160 per-vehicle depreciation deduction cap or $3,460 for certain SUVs, trucks, and vans placed in service during 2019.
3. For vehicles that qualify as sport utility vehicles, including certain trucks and vans, under the Internal Revenue Code, the maximum amount that may be expensed is $25,000 of the total purchase price. The $25,000 expense cap contributes to the $500,000 dollar limit and $2,000,000 investment limit under Section 179.
4. The tax incentives are available for depreciable tangible property that is acquired by purchase for use in the active conduct of a trade or business. Additional limitation based on purchases. For the 2018 tax year, the aggregate deduction of $500,000 under Internal Revenue Code Section 179 is most beneficial to small businesses that place in service no more than $2,000,000 of "Section 179 property" during the year. For every dollar spent on Section 179 property in excess of the overall limit of $2,000,000, the $500,000 expense tax deduction decreases by a dollar. Certain vehicles, models, and restrictions apply. Consult your tax professional for details. ©2019 General Motors. All rights reserved. The marks appearing in this ad are the trademarks or service marks of GM, its subsidiaries, affiliates, or licensors.

Jeff Gordon Chevrolet currently has hundreds of vehicles that qualify for the Section 179 tax deduction. Click here to start shopping for your business' new vehicles or call the internet sales hotline at (910)791-2727.
 

Hours

  • Monday 9:00AM-8:00PM
  • Tuesday 9:00AM-8:00PM
  • Wednesday 9:00AM-8:00PM
  • Thursday 9:00AM-8:00PM
  • Friday 9:00AM-8:00PM
  • Saturday 9:00AM-8:00PM
  • Sunday 9:00AM-7:00PM

Location

Jeff Gordon Chevrolet

228 South College Road Directions Wilmington, NC 28403

  • Service: 888-820-0927
  • Parts: 888-820-7066