Tax Savings On Ram And Jeep Vehicles

Quick Definitions: What Are Sections 168(k) and 179?

• Section 168(k): Tax code 168(k) stipulates that qualified property, including qualifying commercial vehicles or personal vehicles used for business purposes, has a 100% depreciation allowance of the adjusted basis of the qualified property.^1,2
• Section 179: Under the newly legislated tax code 179, qualifying commercial-use vehicles can be immediately expensed as depreciable business assets up to $2,500,000. Deductions begin to phase out on purchases exceeding $4 million and fully phase out after total purchases of $6.5 million.^1,3

Ram Tax Savings at Bill Luke CJDR

The majority of the Ram lineup is currently eligible for premium tax deductions. Our local CDJR dealership can set you up with the towing and payload capacities your business needs, then guide you toward all available tax incentives. Add one or more of these qualifying Ram models to your fleet for incredible tax savings worth up to 100% of your purchase price:¹

• Ram 1500
• Ram 2500 and 3500
• Ram 3500, 4500, and 5500 Chassis Cab
• Ram ProMaster

Jeep Tax Savings at Bill Luke CJDR

Select Jeep SUVs are eligible for both Section 168(k) and Section 179 tax deductions. If you're launching a shuttle, real estate, event planning, or media production company, an executive-style SUV may be the perfect solution. Plus, up to 60% of your vehicle costs can be offset by immediate tax deductions¹ when you purchase any trim level of these qualifying Jeep models at our CDJR dealership:

• Jeep Wagoneer
• Jeep Grand Wagoneer

Claim Your Immediate Tax Deductions at Bill Luke CJDR Today

Take the guesswork out of business tax savings by choosing Bill Luke CJDR as your automotive home. We'd love nothing more than to see your organization flourish thanks to high-value tax deductions on our fleet-ready Ram and Jeep vehicles.

How Section 179 Saves Business Owners Money on Work Vehicles

Contact Bill Luke To Learn More!

¹Fleet/livery incentives may be available to qualified customers on select models. Incentive must be used at time of purchase/lease. All incentive amounts are subject to change without notice and should be confirmed with your dealer at the time of transaction. Contact our dealership for more details.

²Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://uscode.house.gov/view.xhtml?req=(title:26%20section:168%20edition:prelim)

³Reference to this third-party review/claim is solely for informational purposes and not to be relied upon. For more details, please visit https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section179&num=0&edition=prelim