Tax Dollars at Work
Immediately write off up to 100 percent of the purchase price of eligible Buick & GMC vehicles.* Now, under new tax-depreciation laws, your business may be eligible to immediately deduct up to 100 percent of the purchase price of an unlimited number of qualifying Buick and GMC vehicles purchased for business use. Contact us for more details.
FIRST-YEAR VEHICLE DEPRECIATION LIMITS
UP TO 100% OF PURCHASE PRICE*
GMC VEHICLES
Large trucks, cargo vans and 10+ passenger vans – GVWR greater than 6,000 lbs.
- Sierra 1500/2500/3500 – Standard and Long Bed
- Sierra 3500 HD Chassis Cab
- Savana Cargo Van
- Savana Passenger Van (10+ passenger seating only)
- Savana Cutaway
FIRST-YEAR VEHICLE DEPRECIATION LIMITS
UP TO $25,000 PLUS UP TO 80% OF THE REMAINING PURCHASE PRICE PLUS STANDARD DEPRECIATION DEDUCTION
GMC VEHICLES
Other trucks, passenger vans and SUVs – GVWR greater than 6,000 lbs.
- Acadia (including Denali)
- Canyon
- Sierra 1500 Short Box (including Denali)
- Savana Passenger Van (all except 10+ passenger seating)
- Yukon (including Denali)
- Yukon XL (including Denali)
BUICK VEHICLES
- Enclave (including Avenir)
FIRST-YEAR VEHICLE DEPRECIATION LIMITS
UP TO $20,200 PER VEHICLE*
BUICK VEHICLES
- Encore GX
- Envision (including Avenir)
GMC VEHICLES
All vehicles – GVWR 6,000 lbs. or less.
- Terrain (including Denali)
Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2024. Determining the proper income tax treatment of any vehicle purchase requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, the characteristics and attributes of the particular vehicle purchased and the purchaser’s income tax situation. Each purchaser’s tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability.