10 Awesome Vehicles That Might Qualify as a Business Write Off

This page is opinion for entertainment purposes only and is not tax advice.

As you may know, the Section 179 Deduction can be used by businesses to write off certain qualifying vehicles. Affectionately called the “Hummer Loophole”, this particular part of the law allows your businesses to purchase certain vehicles and write a portion of them off with many SUVs making the list of Section 179 qualified vehicles that weigh over 6,000 pounds.. However, there were limits put in place 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 Section 179 limit that’s much higher. 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 can qualify.

The main purpose of the deduction is for vehicles specifically used for businesses, like your passenger vans can be deducted. Now, if you’re going to get a van, then the best on the market at the time of this writing 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.

At the top of the list is one of Motor Week’s “Best Large Utility Vehicles”, the Chevy Tahoe.. The performance is awesome, but its greatest features have to do with safety as it’s scored high on crash tests. This will make you feel great when driving around your family – er – “business passengers”.

Like the Chevy Tahoe, the Cadillac Escalade scores very high on crash tests. It also looks fantastic inside and out, but of course that’s what we expect from Cadillac. With a sticker price that’s more than double the $25,000 deduction limit, the Escalade is pricey, but well worth it.

This old favorite has been around for what seems like the beginning of time. Like the older versions of the Chevy Suburban, the newer models are great too. With an upgraded suspension and the StabiliTrac, the Suburban ranks great in safety. Like all Chevy Suburbans, the exterior looks rugged, solid and sharp.

Like the other vehicles listed so far, the Ford Expedition’s best attributes lie within its safety features. With the AdvanceTrac with Roll Stability Control, you can’t go wrong. You will be able to write off almost the full amount of the Ford Expedition, but you’ll need to hold onto your savings because your gas tank will eat it all up. The estimated EPA for the Expedition is only 12 mpg in the city and 18 mpg on the highway.

With an awesome 320-horsepower, 5.3-liter V8 engine, the performance of the GMC Yukon is great, but more importantly, you guessed it – safety again. GMC makes an awesome SUV and it just had to be on the top ten list.

First of all, this vehicle is gorgeous. It has many amenities as it’s classified as a luxury SUV. The price is classified as “luxury” too, as you’ll find out. However, the quality you get in the Toyota Land Cruiser is worth the extra money. Did you know that the Land Cruiser hasn’t had any recalls on any of its year models since 1993? Now, that’s impressive!

So, finally on a list of awesome vehicles, we get to a pickup truck. The list wouldn’t be complete without at least one. The best attribute about the Chevy Silverado is that it’s fun! The performance on this pickup is awesome. You will almost be able to write the entire amount off with the Section 179 Deduction, so go for it.

Of course, you know if it’s Mercedes-Benz, then it’s got to be classy. The GL-Class SUV is no different in that respect from all Mercedes-Benz vehicles. The other thing it has in common with other Mercedes-Benz vehicles is awesome performance and great convenience features. The gas mileage isn’t bad at 24 mpg on the highway, but the sticker price is hefty.

While the F-150 doesn’t qualify for the Section 179 Deduction, the Super Duty trucks do. Just remember that the cargo bed must be at least six feet long. As a small business owner, this gives you a great excuse to go all the way and get the Super Duty. Ford has always had a great reputation for its trucks and the Super Duty is a great example as to why.

Of course we couldn’t have a top ten list for the best “Hummer Loophole” vehicles without a Hummer. As everyone knows, a Hummer looks great on the road, but this vehicle isn’t all about status. We can’t even hide that this might be for a business, so why even try? The Hummer H2 is amazing off-road. Hey, it’s a Hummer. You can’t hide it, so flaunt it.

Disclaimer. No Tax Advice. The information on this website is for entertainment purposes only and does not, under any circumstances, constitute tax, legal or accounting advice in any manner. Views expressed are those of individual authors opined in their individual capacities only. Please consult your own accountants and tax advisors for competent advice.