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Small Business Tax Credit

 
Offer Ends 12/31/16

With the Industry's most comprehensive commercial lineup, Chevrolet has a proven and efficient vehicle for all of your business needs. As a small business owner, you could be eligible for up to a total of $500,000 in tax deductions when you purchase qualifying Chevrolet vehicles for your business before 12/31/16.

Chevrolet New-Vehicle Deduction Eligibility
There are some limitations to the expense deduction, including vehicle eligibility.
Up to $11,160*
total deduction per vehicle
Up to $25,000*
total deduction per vehicle
Up to $500,000*
total deduction
(Aggregate, no per-vehicle limit)

Camaro
Corvette
Cruze
Impala
Malibu
Sonic
Spark
SS Sedan

Silverado (Short Box)
Suburban
Tahoe
Traverse

Silverado (Standard & Long Box)
Silverado Chassis Cab
Express Passenger Van
Express Cargo Van
Express Cutaway
Low Cab Forward
Up to $11,560*
total deduction per vehicle


City Express
Colorado
Equinox
Trax



 
Consult your tax professional for details!


* The Manufacturer's Suggested Retail Price excludes destination freight charge, tax, title, license, dealer fees and optional equipment. Click here to see all Chevrolet vehicles' destination freight charges. ***The Manufacturer's Suggested Retail Price excludes tax, title, license, dealer fees and optional equipment. Includes destination freight charge and gas guzzler tax. 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 www.irs.gov. For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is a $11,160 per-vehicle depreciation deduction cap or $11,560 for certain SUVs, trucks, and vans placed in service during 2016. 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 $2,010,000 investment limit under Section 179. 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 2016 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 $2,010,000 of "Section 179 property" during the year. For every dollar spent on Section 179 property in excess of the overall limit of $2,010,000, the $500,000 expense-tax deduction decreases by a dollar. Certain vehicles, models, and restrictions apply. Consult your tax professional for details.
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