Section 179 Tax Deductions

Looking for ways to help your business's bottom line while growing your fleet? The Section 179 tax deduction is a great way to save on qualifying new and used vehicles that you intend to use entirely or partly for your business. The experts at our Chevy dealership near Staunton have put together a comprehensive guide for the Section 179 eligibility requirements and qualification rules.

Our Chevy sales team is here to help you navigate this tax incentive, so you can upgrade to the work truck or delivery van your business needs while leveraging every savings opportunity available. In order to benefit from Section 179, you must buy the vehicle you need and put it into service by December 31, 2025, so don't wait to buy the vehicles you need for your business -- purchase a new Chevy truck today and put it to work.!¹

What Are the 2025 Section 179 Deduction Limits?

Virginians who own a small- or medium-sized business can turn to Joe Bowman Auto Plaza for Section 179 details. The knowledgeable team at our Chevy finance center near Staunton know all there is to know about this incentive including the limits and caps on spending for this fiscal year:

• 2025 Deduction Limit: $2,500,000¹
  • Valid on new and used equipment (must be new to buyer) -- can be purchased or leased
• 2025 Spending Cap: $4,000,000¹
  • After this cap is reached, deduction is reduced on dollar-for-dollar basis with a complete phase-out at $6,500,000
• 2025 Bonus Depreciation: 100%¹
  • Generally taken after Spending Cap is reached
  • Applicable to new and used vehicles
  • Tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets

Don't forget that you must put your new-to-you vehicle into service no later than December 31, 2025, to qualify for this year's deduction.¹ As a Business Elite dealer, you can count on our experts to explain the spending caps and deduction limits to you and answer any questions you have!

2025 Chevy Models Eligible for Section 179

The following new Chevy models may qualify for full or partial Section 179 tax savings:

SecChevy Commercial Vehicle Dealer Near Meion2

Be sure to contact Joe Bowman Auto Plaza for more details about the new and used Chevrolet models that qualify for full or partial deductions. Our Chevy sales team can guide you through the complete lineup of heavy-duty trucks, fuel-efficient SUVs and commercial work vehicles that qualify for this deduction. We'll also show you any additional incentives we're running that you may be eligible for!

Read More:

• Why Buy from Us?
• Out-of-State Car Buying Guide
• Maxx Advantage