Level Up Your Business Using the Section 179 Tax Break
Need a new SUV for your business? Why not make it an Audi? With Section 179, adding an Audi to your collection has never been easier. The tax break exists to help businesses afford heavy machinery, but we have SUVs that qualify as well! We know tax law is tricky, so we’ll take you through the broad strokes, including how vehicles qualify, what Audis are eligible for Section 179 and how it works. Of course, to best understand how a Section 179 Audi impacts your tax situation, please consult with a tax professional. If you’re interested in buying a new Audi for your business, visit Audi OKC today.
What is the Section 179 Tax Deduction?
Section 179 is a section of the IRS tax code that allows businesses to write off assets the same year you purchased. It will enable you to apply the deduction to the full value of your vehicle, not the depreciated rate, even if it is financed. This applies to all sorts of business expense items, from office equipment to cars. For qualifying vehicles, you can deduct a maximum of $30,500 per unit in 2025, which passes on huge tax savings if you’re purchasing several models. Section 179 is only applicable to companies that spend less than $4 million dollars, and it does not allow you to write off more than $2.5 million dollars. This section of the tax code will enable you to inject extra cash into your business to help it grow in ways that otherwise might not be possible. If you’d like to purchase a Section 179 eligible Audi for sale in OKC, visit our Audi dealership today.
How to Qualify for Section 179
To qualify for Section 179, the vehicle must have a gross weight of over 6,000 lbs and under 14,000 lbs. The car also needs to be put in service before the end of the year. “In Service” is defined as being used for business purposes at least 50% of the time. Initially, this section of the tax code was created to help small businesses purchase heavy equipment, but as SUVs have added more technology and grown over the decades, we’ve seen several meet the weight requirements set up in Section 179. Thanks to the definition of “In Service” as long as the majority of use is for your business, the vehicle can also be used for personal purposes. Of course, there are some other prerequisites to keep in mind when using Section 179, but we’ll save the details for a tax professional. If you’re interested in learning the ins and outs of Section 179, please contact your tax expert.
Section 179 Eligible Vehicles for Sale in OKC
At Audi OKC, we have four SUVs that qualify for Section 179:
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Audi Q7
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Audi SQ7
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Audi Q8
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Audi SQ8
It shouldn’t be any surprise that our largest SUVs are the models that qualify for the tax break. Each of the four SUVs breaks the 6,000 lbs minimum weight requirement, allowing your business to take a more refined approach to transportation. The Audi Q7 is the only three-row SUV in our lineup, making it a perfect choice for escorting partners or staff on a regular basis. If you’d like an upgrade in horsepower, the SQ7 delivers a more potent powertrain, and is one of the racier SUVs on our lot. The Q8 is similarly sized to the Q8, but removes the third row in favor of a sloping roofline and more cargo space. If you need an Audi SUV with some extra flexibility in the trunk, this is the SUV we’d choose. The SQ8 adds that extra bunch of horsepower you expect from the S line.
From questions about our inventory to more clarification on Section 179, the finance team at Audi OKC is ready to help with all your questions. Visit us today to learn more about Audi commercial vehicles!
