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Vehicle Tax Reduction

Learn About Chevy Vehicle Tax Deductions | Sun Prairie, WI


Vehicle Tax Deductions at Zimbrick Chevrolet

Here at Zimbrick Chevy, we know that businesses are always seeking exceptional value for new Chevy vehicles. That's why we're happy to offer eligible businesses up to $500,000 in 2017 tax incentives. Combine this with other available business offers for the ultimate value on Chevy cars, trucks, and SUVs.

If you have questions about eligibility or available vehicles, contact us online or call 1-608-251-7676.

New Chevy Vehicle Tax Deduction Eligibility

It is important to note some limitations on available expense deductions, including the following vehicle eligibility:

UP TO $500,000 TOTAL DEDUCTION

(Aggregate, no per-vehicle purchase price limit):4

  • Chevrolet Silverado (standard and long box)
  • Chevrolet Silverado Chassis Cab
  • Chevrolet Express Passenger Van
  • Chevrolet Express Cargo Van
  • Chevrolet Express Cutaway
  • Low Cab Forward

UP TO $11,160 TOTAL DEDUCTION PER VEHICLE:2

  • Chevrolet Camaro
  • Chevrolet Corvette
  • Chevrolet Cruze
  • Chevrolet Impala
  • Chevrolet Malibu
  • Chevrolet Sonic
  • Chevrolet Spark
  • Chevrolet SS Sedan
  • Chevrolet Volt

UP TO $25,000 TOTAL DEDUCTION PER VEHICLE:3

  • Chevrolet Silverado (short box)
  • Chevrolet Suburban
  • Chevrolet Tahoe
  • Chevrolet Traverse

UP TO $11,560 TOTAL DEDUCTION PER VEHICLE:1

  • Chevrolet City Express
  • Chevrolet Colorado
  • Chevrolet Equinox
  • Chevrolet Trax

UP TO $25,000 TOTAL DEDUCTION PER VEHICLE:3

  • Chevrolet Silverado (short box)
  • Chevrolet Suburban
  • Chevrolet Tahoe
  • Chevrolet Traverse

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 2017.
  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 2017 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 expensetax deduction decreases by a dollar. Certain vehicles, models, and restrictions apply. Consult your tax professional for details. ©2017 General Motors. All rights reserved. The marks appearing in this ad are the trademarks or service marks of GM, its subsidiaries, affiliates, or licensors.

Contact Us

Zimbrick Chevrolet

1877 W MAIN ST
SUN PRAIRIE, WI 53590
Sales 608-709-2537
Service 608-251-7676
Parts 608-729-6750

Sales

Monday 8:30AM - 7:00PM
Tuesday 8:30AM - 6:00PM
Wednesday 8:30AM - 6:00PM
Thursday 8:30AM - 7:00PM
Friday 8:30AM - 6:00PM
Saturday 8:30AM - 4:00PM
Sunday Closed