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A Great Place to Find Used Cars for Sale Under $25,000 in Vancouver, WA

2024 Tax Savings Opportunity for Businesses

Preston BMW offers a valuable tax advantage for businesses with the BMW X7, allowing you to maximize your commercial vehicle investments through Section 179.

Why get into the BMW X7?

The BMW X7 represents the pinnacle of luxury SUV engineering, offering an unparalleled blend of sophistication, performance, and technological innovation. As BMW's flagship SUV, it delivers an exquisite driving experience with powerful engine options. The X7's spacious interior is a sanctuary of premium comfort, featuring high-end materials like fine leather, real wood trim, and advanced sound insulation that creates a serene cabin environment. Cutting-edge technology, with a state-of-the-art infotainment system, digital instrument cluster, and advanced driver assistance features that make every journey both safer and more connected. Whether navigating city streets to get to your next meeting or embarking on company trip, the X7 provides a refined driving experience that seamlessly combines luxury, performance, and practicality, making it an ideal choice for those who demand the very best in a full-size luxury SUV.

Key Tax Deduction Highlights

  • Maximum Deduction: $1,220,000 for 2024
  • Spending Limit: $3,050,000 on qualifying equipment
  • Bonus Depreciation: 60% of vehicle value

Qualification Requirements

To qualify for the Section 179 deduction, your vehicle must meet the following criteria:

  • Be used more than 50% for business purposes
  • Purchased and placed into service in 2024
  • Titled in the company's name
  • Acquired through a standard commercial transaction