Chevy Section 179 Tax Deduction in Mooresville, NC
Upgrading your business fleet is affordable at our Chevy dealership near Charlotte with the Section 179 tax incentive. This IRS tax code, available for both new and used model, lets you deduct up to the entire purchase price of qualifying Chevy trucks, vans and SUVs when you upgrade your commercial fleet.
Randy Marion Chevrolet offers a huge selection of commercial vehicles and a dedicated team to walk you through every step, so you can maximize your tax savings and ensure your business has the reliable vehicles it needs to succeed. From flexible commercial Chevy financing options to expert vehicle recommendations, our staff ensures you have all the information and resources to leverage these deductions efficiently!
2025 Section 179 Tax Deduction Qualifications & Eligibility
Section 179 is specifically designed for small- and medium-sized businesses that want to invest in new or pre-owned vehicles for operational use. With a 2025 deduction limit of $2,500,000, qualifying purchases can be fully written off against taxable income if the vehicles are purchased or leased and are new to the buyer, even if they're not brand new in model year.1
- 2025 Deduction Limit: $2,500,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2025 Spending Cap: $4,000,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Deduction begins to be reduced on a dollar-for-dollar basis -- this cap is what makes it a "small business tax incentive"
- Complete phase-out at $6,500,000
- 2025 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20251
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Our commercial Chevy financing specialists can help you complete your auto loan application and arrange your purchase, so you can take full advantage of these benefits before year-end.
- Related: Commercial Financing Application
Which Chevy Vehicles Are Eligible for Section 179?
Many popular new Chevy commercial models qualify for a full or partial Section 179 deduction, making them an attractive option for expanding or refreshing your business fleet.1 Eligibility depends on the type and size of the vehicle as well as its intended business use. The accompanying chart showcases how Section 179 deductions vary by a vehicle's body style and GVWR:
| New & Used Vocational Trucks and Vans: | Full Section 179 deduction available¹ |
| Heavy SUVs & Trucks (Over 6,000 lbs GVW): | $31,300 maximum Section 179¹ |
| Cars, Light Trucks & SUVs (Under 6,000 lbs): | $20,400 first-year maximum¹ |
Eligible Chevy models may include, but are not limited to:
- Silverado 1500
- Silverado EV
- Silverado HD
- Colorado
- Express Cargo Van
- Express Passenger Van
- Suburban
- Tahoe
- Traverse
Whether you need durable pickups, commercial vans or fleet-ready SUVs, our team will help you determine which models best fit your operational and tax objectives.
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