Buying a new vehicle near Los Angeles doesn’t just offer luxury, it also delivers financial opportunity. The right strategy can unlock a tax advantage that helps offset costs and maximize investment.
A key driver of this advantage is the luxury car depreciation limit set by the IRS. Usually, high-end, new vehicles may hit this cap faster, but the Land Rover brand’s classification lets you accelerate deductions:
Ongoing luxury car depreciation limit allowances let you claim deductions within statutory depreciation tiers, reducing tax liability over time. You can deduct up to $30,500 for the purchase plus up to 60% of the purchase price for qualifying vehicles.
This layered approach amplifies the overall tax advantage compared to standard cars. For many Marina Del Rey buyers, it’s about carving out a luxury budget and optimizing tax efficiency.
In select states or federal limits, models may qualify for a luxury tax exemption, providing additional relief from certain fees or taxes:
A luxury tax exemption can make vehicle ownership significantly more affordable over time, especially for businesses considering fleet purchase or asset acquisition models.
With this framework, your tax advantage becomes a structured approach, not guesswork.
By combining immediate deductions, statutory depreciation, and state-level tax breaks, savvy Marina Del Rey buyers can unlock the full tax advantage. If you have any questions, contact us, or stop by our finance center in Santa Monica, near Malibu.
Total allowable depreciation for the 1st year of ownership*
100%
20%
Total allowable depreciation for the 1st year of ownership*
100%
26%
Total allowable depreciation for the 1st year of ownership*
100%
32%
Total allowable depreciation for the 1st year of ownership*
100%
33%
Total allowable depreciation for the 1st year of ownership*
100%
32%
Individual tax situations may vary. Information accurate at time of publication. Federal rules and tax guidelines are subject to change. Consult your tax adviser for complete details on rules applicable to your business.
**The Range Rover. Range Rover Sport, Land Rover Discovery. Land Rover Defender 90 and Land Rover Defender 110 have gross vehicle weight ratings (GVWR) greater than 6,000 pounds and are classified as heavy SUVs. As such, these vehicles can be fully depreciated in the firs1 year of ownership when used for business 100% of the time. GVWR is the manufacturer’s rating of the vehicle’s maximum weight when fully loaded with people and cargo. See your local authorized Land Rover Retailer for details.
* Comparisons based on Sections 179 and 168(k) of the Internal Revenue Code, which allow for additional first year depreciation for eligible vehicles and reflect figures for owners who purchase vehicles for 100% business
* Price comparison figures are calculated using the Base Manufacturer’s Suggested Retail Price for the 2022 Range Rover Standard Wheelbase, 2022 Range Rover Sport SE, 2022 land Rover Discovery 2.0L S, 2022 Defender 90 Base and 2022 Defender 110 Base. Price excludes $1,350 destination/handling charge, tax, title, license, and retailer fees, all due at signing, and optional equipment.
Vehicles can be New and Certified Pre-Owned.
