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X5 & X6 2017 Tax Benefit

Attention All Business Owners!
Click Here for Important Details!
Expires: 12/31/2017

X5 and X6 Tax Benefit for 2017


The X5 and X6 lead the segment with a wide array of features and benefits. One that everyone may not be aware of is a very significant tax deduction that is available when the vehicle is purchased for business use. The IRS categorizes SUVs with a gross vehicle weight in excess of 6,000 lbs differently than other luxury automobiles.

As a result: Business owners that purchase an X5 or X6 in 2015 may be eligible for an Immediate Tax Write-Off of up to $25,000 of the Purchase Price before they calculate their 2017 depreciation expense associated with the vehicle. Both amounts are then deductible for 2017 tax purposes.


Here’s an example of how the math plays out…..

X5 Purchase Price: $60,000 with 100% Business Use
• Immediate tax depreciation write-off @ $25,000
• 1st year Depreciation Write-Off (($60,000 - $25,000) X 20%) @ $7,000.
• Potential total 2014 depreciation expense of $25,000 + $7,000 = $32,000

That’s a really substantial first year deduction. To qualify, the X5 or X6 must be purchased (not leased) and must be used for at least 50% for business purposes.
This is an opportunity to influence business owners to capitalize on this potential tax benefit, as it applies whether the underlying vehicle is new or used.

United BMW Gwinnett does not provide tax advice and is not responsible for tax-related decisions. Please consult your tax professional to confirm eligibility for this incentive.

X5 & X6 2017 Tax Benefit

United BMW Gwinnett does not provide tax advice and is not responsible for tax-related decisions. Please consult your tax professional to confirm eligibility for this incentive.  We are in the business of providing vehicle advice not tax advice. Customers with questions regarding this topic should consult their individual tax adviser to determine their eligibility for this deduction.

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BMW of Gwinnett Place

3264 Commerce Ave.
Duluth, GA 30096
Sales: 844-617-3436
Service: 844-789-9922
Parts: 844-326-6495

Hours of Operation

Monday: 9 a.m. - 8 p.m.
Tuesday: 9 a.m. - 8 p.m.
Wednesday: 9 a.m. - 8 p.m.
Thursday: 9 a.m. - 8 p.m.
Friday: 9 a.m. - 8 p.m.
Saturday: 9 a.m. - 7 p.m.
Sunday: Closed
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