Take Advantage of Section 179 Tax Savings at Land Rover Greensboro

Did you know that Section 179 of the U.S. tax code may allow eligible business owners to deduct a significant portion - and in some cases, substantially all of the cost - of a qualifying vehicle when combined with other applicable depreciation rules? This incentive can make investing in a new Land Rover not only a smart choice for capability and style but also a strategic financial decision for your business.

If you bought an eligible Range Rover, Defender, or Discovery model from Land Rover Greensboro and used it primarily for business (more than 50%) in 2026, you may be able to deduct a significant portion of the vehicle's cost if it is placed in service during the 2026 tax year.

Here's How Section 179 works:

Section 179 of the U.S. Internal Revenue Code offers a powerful tax advantage for business owners. Instead of depreciating business equipment or vehicles over several years, this provision may allow eligible businesses to deduct all, or a substantial portion, of the purchase price in the same tax year. Whether you buy or finance a qualifying Land Rover, you may be able to deduct a significant portion of the vehicle's cost, helping you reduce your tax burden and reinvest those savings back into your business.

In the past, businesses could only deduct a portion of a purchase each year through depreciation. Section 179 changes that, allowing you to deduct the total cost of qualifying equipment or vehicles in the year they're purchased. 

This tax incentive makes it easier than ever for companies to upgrade to a capable, luxury vehicle that supports their day-to-day operations. Discover how a new qualifying Land Rover Range Rover, Defender, and Discovery from Land Rover Greensboro could qualify for Section 179 benefits and strengthen your business in the year ahead.

What's New For 2026

• 2026 Deduction Limit: $2,560,000* - Good on new and used equipment (as long as new to the buyer)

• 2026 Spending Cap: $4,090,000* - The Section 179 deduction begins to phase out dollar-for-dollar once total qualifying purchases exceed this amount. The deduction is fully phased out at $6,650,000. 

• 2026 Bonus Depreciation*: 100% bonus depreciation may also be available for qualifying property, subject to IRS rules.

Who Qualifies for Section 179?

All businesses that purchase or finance qualifying new or used business property during the 2026 tax year may be able to claim the Section 179 deduction. Certain lease arrangements may also qualify - consult your tax advisor) to determine your eligibility.

Business-use vehicles, along with most tangible business equipment and "off-the-shelf" software, may qualify for Section 179, subject to IRS requirements and applicable limitations.

To qualify, eligible property must be purchased (or otherwise acquired), placed in service, and used for business purposes during the 2026 tax year. Vehicles generally must be used more than 50% for business purposes to qualify.

Section 179's "More Than 50 Percent Business-Use" Requirement

To claim the Section 179 deduction, a qualifying vehicle must be used more than 50% for business purposes. If business use is less than 100%, the deduction is generally limited to the percentage of qualifying business use. For example, if a qualifying vehicle is used 80% for business, the deductible amount is generally limited to 80% of the allowable deduction, subject to IRS rules and vehicle-specific limitations.

* Tax laws are subject to change. Eligibility and deduction amounts depend on your individual tax situation, vehicle configuration, and business use. Land Rover Greensboro does not provide tax or legal advice. Please consult your CPA or tax professional before making any purchasing decisions and refer to the IRS for current Section 179 guidance.