Tax Savings

Section 179 of the I.R.S. tax code offers significant deductions on qualifying business vehicles.

You may qualify if you:

  • Are a business that purchased or financed qualifying new or used business equipment, including certain business-use vehicles, during the 2020 tax year.
  • Put the equipment into service between January 1, 2020, and December 31, 2020.
  • Used this equipment for business purposes more than 50% of the time.
  • Spent less than $3,500,000 on this equipment.

How much could I deduct?

  • You cannot write off more than $1,000,000.
  • The total amount of equipment purchase cannot be more than $2,500,000. It phases out dollar-for-dollar after that, so once $3,500,000 is spent, the deduction goes away entirely.
*Individual tax situations may vary. Federal rules and tax guidelines are subject to change. Consult your tax adviser for complete details on rules applicable to your business.

Which Mercedes-Benz models are eliglble?

Since the Mercedes-Benz GLE and GLS have Gross Vehicle Weight Ratings (GVWR) greater than 6,000 pounds, they can be fully depreciated in the first year of ownership when used for business 100% of the time, giving you the freedom to spend on the things that matter most.

Have Questions About Tax Benefits For Your Business?