Section 179 Business Tax Savings
Section 179 Enhances Your Bottom Line
Make moves that improve your business's bottom line with Section 179. Regardless of what industry your business is in, you'll likely need equipment to keep things moving in the right direction. Section 179 gives you the opportunity to benefit from the equipment you purchase or lease, protecting your business finances in the process.
Prior to Section 179, small businesses were required to write off equipment depreciation a little at a time every year. Now, you have the option to write off the full cost of depreciation in the year your equipment is placed into service, making it a more efficient use of your time and resources.
2025 Section 179 Key Points
Section 179 has limits and qualification requirements. When you choose a vehicle from Gateway Cadillac, you're making the right decision. We offer qualifying models that you can use to support your Section 179 tax deductions. The vehicle you purchase or lease must be used for business purposes at least 50% of the time. Here are a few more things to consider regarding the limits placed on Section 179 in 2025.
- Maximum deduction for SUVs: $31,300
- Deduction limit: $1,250,000
- Spending cap: $3,130,000
- Phase-Out threshold: $4,380,000
- Bonus depreciation: 40%
Deduction Limit in 2025 is $1,250,000
Which of Our Models Qualify?
Our luxury lineup leaves nothing wanting. At Gateway Cadillac, you're certain to find vehicles that best suit your business needs. Explore a list of some of our popular Cadillac models that qualify for this program.
- Cadillac XT5
- Cadillac XT6
- Cadillac Escalade (all)
- Cadillac OPTIQ
- Cadillac LYRIQ
Contact Gateway Cadillac to Learn More
Let the team at Gateway Cadillac show you the difference we can make in your life. Visit us online or call our dealership to learn more about Section 179. We look forward to serving you.
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GATEWAY CADILLAC
501 38th St S
Fargo, ND 58103
- Sales: (701) 282-5522
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