Business Tax Advantage
Experience Luxury & Enjoy Great Tax Deductions at Bill Black Cadillac
At Bill Black Cadillac, we're always interested in helping you come out on top. With Section 179 Deductions and our luxurious Cadillac models, you can enjoy a ride that's brag-worthy and friendly to your bottom line. You can take advantage of these incredible deductions so that you can protect your budget and driving lifestyle.
The Manufacturer’s Suggested Retail Price excludes tax, title, license, dealer fees and optional equipment. Dealer sets final price.
1Dealer Savings applied to everyone
1Dealer Savings applied to everyone
What is Section 179?
Section 179 is a deduction made available by the federal government to allow business owners to write off purchases for covered depreciable assets. A Section 179 expense allows business owners to write off expenses immediately instead of writing off the depreciation over time. It's a great way to reduce your tax burden, giving you great peace of mind.
If you have dreams of building a luxury fleet, we're happy to help. Section 179 is a benefit to you in this regard. This deduction benefit intersects with vehicles that fall under specific guidelines. It uses the automobile's gross vehicle weight rating (GVWR) as one way to determine if it qualifies. Additionally, the vehicle must be used at least 50% of the time for business-related purposes.
Take a look at how Section 179 categorizes vehicles based on their GVWR:
- Light Section 179 Vehicles: Vehicles with a manufacturer's GVWR under 6,000 pounds. Includes passenger cars, crossovers, SUVs, and small utility trucks.
- Heavy Section 179 Vehicles: Vehicles with a manufacturer's GVWR of at least 6,000 pounds but no more than 14,000 pounds. Includes full-size SUVs, commercial vans, and pickup trucks.
- Other Section 179 Vehicles: Vehicles with a manufacturer's GVWR over 14,000 pounds or a vehicle modified for nonpersonal use.
What's New for 2024?
Section 179 deductions have been available for years. Many business owners choose to take advantage of this because it offers immediate relief. But how much can you deduct? The amount was increased for 2024 (taxes filed in 2025) to $1,220,000. Whether you're the owner of a small, medium, or large business, having the ability to write off expenses is a boon to any enterprise. Section 179 deductions make this possible.
Deduction Limits
Although Section 179 offers up to $1,220,000 in deductions for the 2024 tax year, there are limits in place. These limits allow drivers to enjoy a great ride while getting the most benefits. The 2024 tax year deduction limit for SUVs is $30,500. Take advantage of this great offer when you shop at Bill Black Cadillac.
How Bill Black Cadillac Can Help
Section 179 isn't limited to automobiles. But at Bill Black Cadillac, you'll enjoy incredible automotive options that will help you win. We offer luxury SUVs that qualify for Section 179. Our Cadillac inventory is known as a worldwide leader in automotive innovation, comfort, luxury, style, and performance. When you're building your fleet, choosing a new Cadillac model is a perfect way to show the world that you have what it takes to lead. Take a look at the different vehicles that qualify for the Section 179 deduction.
- Cadillac Escalade
- Cadillac Escalade ESV
- Cadillac Escalade Platinum
- Cadillac Escalade ESV Platinum
Contact Bill Black Cadillac to Learn More
Set yourself up for success. Contact us online or call our dealership to learn more about Section 179 deductions. Our knowledgeable and professional team members are excited to deliver the personalized service we're known for. When you're ready to take your business to the next level, we're here for you. Let Bill Black Cadillac show you the difference we can make in your life. We look forward to serving you.
How Can We Help?
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Bill Black Cadillac
601 EAST BESSEMER AVE
GREENSBORO, NC 27405
- Sales: (877) 850-4085
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