Section 179 Tax Savings on SUV's over 6,000lbs GVWR

:
Days
:
Hours
:
Minutes
Seconds
Example Vehicle2025 Cayenne V6 2025 Cayenne Turbo e-Hybrid 
MSRP    $100,895 $181,735
Maximum 179 Deduction on SUV's     $30,500 $30,500
Remaining Depreciable Balance$70,395 $151,235
Bonus Depreciation (60% of Balance)$42,237 $90,741
1st Year Depreciation $20,400 $20,400
Remaining Balance on SUV$7,758 $40,094
Total 2024 Taxable Income Deduction$93,137 $141,641
 

*The tax consequences set forth above assume 100% business use and are for illustration purposes only. Hennessy Porsche makes no representations or warranties concerning the accuracy of the information contained within. Prospective clients should consult with their individual tax advisors concerning the particular tax consequences to them under the Internal Revenue Code and other applicable federal and state laws.