GVWR qualifies for Section 179 tax treatment - Chevy Traverse Forum: Chevrolet Traverse Forum
 
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post #1 of 1 (permalink) Old 06-20-2019, 04:51 PM Thread Starter
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Join Date: Dec 2017
Location: Monterey CA
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GVWR qualifies for Section 179 tax treatment

When shopping for a new SUV I was conscious of the ability to write off in a single year a new or used vehicle if it had a GVWR of 6001 lbs. or more. Big difference as otherwise the depreciation of a vehicle with the changes implemented under Reagan takes more than 11 years.



The 2018 Toyota Highlander was in many ways comparable to the Traverse but it has a GVWR of 6000 lbs. and so does not qualify for the Section 179 deduction of 100% against current income. That made it 25% more expensive for us to buy than the Chevy Traverse.
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