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Immediately write off up to 100% of the purchase price of eligible Chevy vehicles!1 Your Business Elite dealer is committed to helping business owners do what it takes to get the job done. Now, under new tax depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase price of an unlimited number of qualifying Chevy vehicles purchased in 2021 for business use.1
FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2021
Chevrolet Colorado (except 4WD w/ 2.8L diesel)
Chevrolet Bolt EV
Chevrolet Bolt EUV
Up to 100% of purchase price Per Vehicle (No per vehicle or aggregate limitation)1
1. Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayers’ tax situation is unique; please consult your tax advisor to determine your business’ vehicle depreciation deduction. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2021 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2021 qualify for immediate depreciation deductions of up to $18,200 per vehicle. For more information, visit irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability.