Section 179 Tax Savings on SUV's over 6,000lbs GVWR
Example Vehicle | 2025 Cayenne V6 |  2025 Cayenne Turbo e-Hybrid |
MSRPÂ Â Â Â | $100,895 | Â $181,735 |
Maximum 179 Deduction on SUV's    |  $30,500 |  $30,500 |
Remaining Depreciable Balance | $70,395 | Â $151,235 |
Bonus Depreciation (60% of Balance) | $42,237 | Â $90,741 |
1st Year Depreciation | Â $20,400 | Â $20,400 |
Remaining Balance on SUV | $7,758 | Â $40,094 |
Total 2024 Taxable Income Deduction | $93,137 | Â $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.