As you may know, the Section 179 Deduction can be used for businesses to write off vehicles. 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, somethings better than nothing at all. Of course, SUVs arent the only thing thats covered. Vehicles with nine or more seats behind the drivers 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 youre 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 wont see any vans on the list. Vans are practical, yes, but theyre not awesome.