Tax Savings Available for Nashville Businesses: Save on Your Next Luxury Vehicle Purchase with the Section 179 Deduction

At Porsche of Nashville, we are here to help local businesses take advantage of the Section 179 tax deduction for vehicle purchases. If you purchase a vehicle with a gross weight of over 6,000 pounds in GVWR (Gross Vehicle Weight Rating), you can qualify for deductions if your vehicle is purchased before the end of the year. We offer a wide range of vehicles perfect for Nashville and Brentwood area businesses, from electric luxury models to spacious SUVs and compact crossovers. Find yours at our showroom near Brentwood today.

Section 179 Tax Benefits

Section 179 deductions help businesses write off equipment purchased during the tax year. If your Porsche is used exclusively for business purposes, you can qualify to take advantage of Tax Code 179. We recommend working with your tax advisor who will have the expertise to help you uncover all the value within Code 179 when it comes to business vehicle purchases. The following Porsche models qualify for Section 179 deductions:

Porsche Taycan
Porsche Macan Electric
Porsche Cayenne E-Hybrid

If your vehicle is not used exclusively for business purposes, there will be a reduction of depreciation limits based on the amount of personal use. Our team in Brentwood can help you learn more and maximize your tax savings this year. Do not wait to seek this credit as it is only applicable in the first year of the vehicle's purchase.