Section 179 Tax Savings on BMW X5 and X6

BMW Tax Advantage

Why Give Your Hard-Earned Money to Uncle Sam?

Your Opportunity for Express Depreciation Ends 12/31/2018

Tax Advantages

Because both the BMW X5 and X6 each have a Gross Vehicle Weight Rating (GVWR) which exceeds 6,000 pounds, they may be eligible for full depreciation during the first year of ownership when used solely for business purposes**. Purchasing a new 2018 OR 2019 BMW X5 or X6 could potentially deliver significant tax advantages as compared to a similarly priced luxury sedan.

Tax Depreciation Comparison

Listed below are two comparisons which illustrate the tax depreciation advantages for business owners who purchase a new BMW X5 or X6 before December 31, 2018. Please consult with your tax professional in order to determine how this information can be applied to your individual business situation.

$66,750 BMW X5 vs $66,750 Luxury Car

Total allowable depreciation for 1st year of ownership*

2019 BMW X5

BMW X51
100% Depreciation
$66,750

VS

Luxury Car2
27% Depreciation
$18,000

$78,300 BMW X6 vs $78,300 Luxury Car

Total allowable depreciation for 1st year of ownership*

2019 BMW X6

BMW X61
100% Depreciation
$78,300

VS

Luxury Car2
23% Depreciation
$18,000

Individual tax situations may vary. The information presented was accurate at time of publishing. Federal rules and tax guidelines are subject to change. Consult your tax advisor for complete details on rules applicable to your business.

* Comparisons based on Section 179 and 168(k) of the Internal Revenue Code, which allows for additional first year depreciation for eligible vehicles and reflects figures for owners who purchase vehicles for 100 percent business use and place vehicles in service by December 31, 2018.

1. BMW X5/X6 shown fully depreciated in Year One.

2. Luxury car depreciation can continue year two at $16,000, year three at $9,600, year four at $5,760 and $1,875 per year for each succeeding year until the vehicle is fully depreciated or sold.

** With Gross Vehicle Weight Ratings (GVWR) of more than 6,000 pounds, these BMW models are classified as "heavy SUVs." Gross Vehicle Weight Rating (GVWR) is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people and cargo.

Comparisons based on Section 179 and 168(k) of the Internal Revenue Code, which allows for additional first year depreciation for eligible vehicles and reflects figures for owners who purchase vehicles for 100 percent business use and place vehicles in service by December 31, 2018.

Contact

Sewickley BMW

526 Ohio River Blvd
Directions Sewickley, PA 15143

  • Sales: (412) 741-6400
  • Service: (412) 749-8482
  • Parts: (412) 749-8494

Hours

  • Monday 9:00 AM-8:00 PM
  • Tuesday 9:00 AM-8:00 PM
  • Wednesday 9:00 AM-6:00 PM
  • Thursday 9:00 AM-8:00 PM
  • Friday 9:00 AM-6:00 PM
  • Saturday 10:00 AM-5:00 PM
  • Sunday Closed
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