TAX ADVANTAGES

Whether driving to a meeting in challenging road conditions or navigating these unprecedented times, the world is much more appealing from the driver's seat of a new Range Rover, Defender, and Discovery vehicle. 

Take advantage of an accelerated tax depreciation schedule to help increase your company's bottom line.*

Since the Range Rover, Range Rover Sport, Defender and Discovery have Gross Vehicle Weight Ratings (GVWR) greater than 6,000** pounds, they can be fully depreciated in the first year of ownership when used for business 100% of the time, giving you the freedom to spend on the things that matter most. 



TAX DEPRECIATION COMPARISONS

These comparisons illustrate the tax depreciation advantages for business owners who purchase a new Range Rover, Range Rover Sport, Defender or Discovery before December 31, 2020.† Please consult your tax advisor to determine how this information can be applied to your individual business situation.

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  $90,900 Range Rover* VS. $90,900 Luxury Car 
Total allowable depreciation for the 1st year of ownership†
     Range Rover VS. Luxury Car
      Range Rover¹
     100% 
     Depreciation
     $90,900
     Luxury Car²
     20% 
     Depreciation
     $18,100

    $68,650 Range Rover Sport* VS. $68,650 Luxury Car 
Total allowable depreciation for the 1st year of ownership†
       Range Rover Sport VS. Luxury Car
      Range Rover Sport¹
     100% 
      Depreciation
     $68,650		      Luxury Car²
     26% 
      Depreciation
      $18,100
  

  
 $52,300 Discovery* VS. $52,300 Luxury Car 
Total allowable depreciation for the 1st year of ownership†
   Discovery VS. Luxury Car
      Discovery¹
     100% 
      Depreciation
      $52,300		   Luxury Car³
   32% 
   Depreciation
   $16,860

   $49,900 Defender 110* VS. $49,900 Luxury Car 
Total allowable depreciation for the 1st year of ownership†
     Defender 110 VS. Luxury Car
        Defender 110¹
     100% 
     Depreciation
      $49,900		     Luxury Car²
     34% 
     Depreciation
     $16,860
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*Individual tax situations may vary. The information presented was accurate at time of publishing. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your business.
** With Gross Vehicle Weight Ratings (GVWR) of more than 6,000 pounds, these V models are classified as "heavy SUVs." Gross Vehicle Weight Rating (GVWR) is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo.
1. Range Rover, Range Rover Sport, Discovery and Defender are fully depreciated in year one. 
2. Luxury car depreciation can continue year two at $16,100, year three at $9,700, and $1,875 per year for each succeeding year until the vehicle is fully depreciated or sold.
3. Luxury car depreciation can continue year two at $14,176, year three at $8,506, and $5,103 per year for each succeeding year until the vehicle is fully depreciated or sold. 

† Comparisons based on Section 179 and 168(k) of the Internal Revenue Code, which allows for additional first year depreciation for eligible vehicles and reflects figures for owners who purchase vehicles for 100% business use and place vehicles in service by December 31, 2020.

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