Opinion Page / Op-Ed Article 2008 Archives
As you may know, the Section 179 Deduction can be used for businesses to write off vehicles in 2008. Also and affectionately called the "Hummer Loophole", this law also allows you businesses to purchase SUVs and write them off. However, there were limits put in place to try to avoid abuse of the deduction. (Darn!)
So now if you purchase a large SUV with a Gross Vehicle Weight (GVW) of 6,000 pounds or more, you can only claim a limit of $25,000 instead of the normal limit of $250,000. But, something's better than nothing at all. Of course, SUVs aren't the only thing that's covered. Vehicles with nine or more seats behind the driver's seat qualify and pickup trucks with cargo beds that are six feet in length or longer qualify.
The main purpose of the deduction is for vehicles specifically used for businesses, like you passenger vans can be deducted. Now, if you're going to get a van, then the best on the market is the GMC Savana. However, the title of this article is "10 Awesome Vehicles..." so you won't see any vans on the list. Vans are practical, yes, but they're not awesome.