TAX ADVANTAGES ON SELECT BMW MODELS

TAX DEDUCTIONS ON YOUR BMW

There's nothing like experiencing the prestige, luxury, and performance driving pleasure in the gorgeous Monterey Bay area than behind the wheel of your new BMW. But there's more to your BMW than meets the eye. Did you know that your brand-new prestigious SUV can qualify you for tax deductions? That's the fact.

At BMW of Monterey, we can help you save money during tax season when you use your BMW as a business vehicle. Plus, our SUV models such as the X5, X6, and X7 may qualify for extra savings since they have a Gross Vehicle Weight Rating (GVWR) of over 6,000 pounds. That makes them eligible for full depreciation during the first year of ownership. These luxury models qualify as "heavy SUVs" allowing them to be "transportation equipment" for your business.

BMW X5 SUV

SAVINGS FOR YOU AND YOUR COMPANY

Qualifying for BMW tax deductions is easy. Simply purchase a BMW luxury SUV for your business with a GVWR of over 6,000 pounds from BMW of Monterey. These models include the X5, X6, or X7. You must purchase the vehicle before the end of the year and use it 100 percent for business purposes.

Under Section 179 and 169(k) of the Internal Revenue Code, you are allowed to receive additional first-year depreciation for eligible vehicles. You can deduct 100 percent of your BMW's depreciation for your company's transportation equipment for every year until the vehicle is fully depreciated.

Note that The IRS often makes changes to its rules and regulations regarding Tax Deduction Qualifications. Speak to your BMW sales professional at BMW of Monterey for details.

Schedule Your Visit

START SAVING TODAY with BMW of Monterey

Want to learn more on how driving a luxurious BMW can save you money on your company's taxes? Visit BMW of Monterey today. Our team of in-house experts will walk you through the possibilities. We have new models in stock, and will help you find a finance plan that fits your company.

Give BMW of Monterey a call at 888-903-5163 or drop by for a visit at 1 Geary Plaza, Seaside, California.


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BMW X6 SUV

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BMW of Monterey
A BMW M Certified Dealer Certified Center

1 Geary Plz
Directions Seaside, CA 93955

  • Sales: 831-920-3444
  • Service: 831-920-3444

Hours

  • Monday 8:30 AM - 7:00 PM
  • Tuesday 8:30 AM - 7:00 PM
  • Wednesday 8:30 AM - 7:00 PM
  • Thursday 8:30 AM - 7:00 PM
  • Friday 8:30 AM - 7:00 PM
  • Saturday 9:00 AM - 6:00 PM
  • Sunday 10:00 AM - 6:00 PM