Charleston SC Business Owners: Take Advantage of Up to $510,000 in Deductions This Tax Season

At Rick Hendrick Chevrolet in Charleston South Carolina, we take pride in giving you the best value on the new Chevrolet vehicles your business depends on. With the 2017 tax incentives, you could be eligible for up to a total of $510,000 in tax deductions when you purchase qualifying Chevrolet vehicles for your business before 12/31/17. And you can stack up select Business Choice Offers and other small-business incentives to get an even bigger haul. To learn more about current offers, contact Rick Hendrick Chevrolet at (855)216-9288 or visit gmbusinesschoice.com for details and vehicle eligibility.

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Up to $510,000 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 $11,560 total deduction per vehicle (1)

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

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

NEW Flexible Solutions for Your Business

New for 2017: Business Choice offers now include a 3-month trial of Commercial Link™ through OnStar. Commercial Link can help you keep your fleet running with maximum efficiency thanks to in-depth reporting on location, fuel, maintenance, and more. 

 

 

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.