Dick Huvaere's Richmond Chrysler Dodge Jeep RAM
Unlock Tax Savings with Section 179 at Dick Huvaere’s Chrysler Dodge Jeep Ram*
The end of the year is the perfect time to take advantage of tax benefits for your business. Section 179 of the IRS tax code allows businesses to deduct the total purchase price of qualifying equipment, including commercial vehicles, purchased or financed during the tax year. At Dick Huvaere’s Chrysler Dodge Jeep Ram, we’re here to help you maximize your savings by selecting the right vehicle for your needs.
Most businesses that purchase, finance, or lease less than $2,500,000 in equipment or vehicles during tax year 2025 are eligible for this deduction. The phase-out threshold (the amount of qualifying property placed in service after which the deduction begins to be reduced) is $4 million.
To qualify, equipment must be purchased or leased and put into service between January 1, 2025, and December 31, 2025. Our team at Dick Huvaere’s Chrysler Dodge Jeep Ram can help determine if your purchases meet Section 179 eligibility.
Typically, business equipment depreciation spreads out over several years, allowing only a portion of the expense as a yearly deduction. For example, a $50,000 equipment purchase may only provide $10,000 in tax deductions annually over five years. Section 179 lets you write off the entire cost in the purchase year, offering immediate tax relief.
While Section 179 offers tremendous benefits, it comes with some limits. The 2025 cap for Section 179 deductions is $2,500,000—applicable for both new and used equipment, provided it is new to your business. Additionally, businesses can receive a 2025 Bonus Depreciation of 40% that’s applicable for both new and used equipment.
Passenger Vehicle Deduction Limit—Certain pickups and heavy-duty SUVs weighing between 6,000 and 14,000 pounds may qualify for a first-year maximum deduction of $31,300.
The maximum Annual Deduction is $2.5 million (increased from $1.16 million).
Phase-Out Threshold: Begins at $4 million total purchases (increased from $2.89 million). Heavy SUV Limitations: $31,300 for SUVs over 6,000 lbs, but not exceeding 14,000 lbs. Other Heavy Vehicles: Full Section 179 up to the $2.5 million annual limit.
The updated limits allow most business vehicle purchases to qualify for immediate expensing, creating impactful first-year tax savings that support stronger cash flow and lessen your overall tax load.
At Dick Huvaere’s CDJR, we deliver unmatched customer service from the moment you walk through our doors. Allow us to show you!
Have questions about the Section 179 process? We’ll walk you through each step to ensure you fully benefit from this valuable deduction, saving you money while keeping your business moving forward.
Contact us below to learn more about Section 179 tax savings and schedule a personalized consultation.
[*] Visit the website www.Section179.org for more information. Consult a tax professional directly to determine specifically how these tax benefits may affect your business.
