Section 179 Tax Deduction for BMW Vehicles


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Potential BMW Tax Benefits for Greenville Business Owners

Business owners in Greenville don't have to wait years for depreciating benefits on qualifying equipment. Thanks to Section 179, businesses can claim the deduction this tax year and benefit from enhanced cash flow. Century BMW features vehicles that are eligible for the Section 179 tax deduction. When used as a business vehicle more than 50 percent of the time, the X5, X6, X7, XM, iX, 7 Series, and i7 are eligible for a tax write-off. Century BMW is dedicated to excellence, just like your business. Our BMW dealership proudly serves businesses throughout the Upstate region of South Carolina. Now is an opportune time to purchase your next business vehicle from our BMW dealership in Greenville, located along Laurens Road and US Hwy 276.

IRS Section 179 Details for the Upcoming Tax Season

Section 179 of the Internal Revenue Code lets business owners write off qualifying vehicle purchases, creating an immediate financial impact. The Section 179 tax deduction is designed to accelerate business growth. The BMW X5, BMW X6, BMW X7, BMW XM, and BMW iX have GVWRs (Gross Vehicle Weight Ratings) above 6,000 pounds. These "Heavy" class SUVs are eligible for the maximum Section 179 deduction, which is set at $32,000. There is a lower tax write-off for a passenger car in the "Light" class.

You must use the eligible BMW vehicle for business purposes more than 50 percent of the time. Your business-use percentage determines the tax deduction. The title of the qualifying BMW vehicle must be in the name of the company, not the business owner. Rather than stretching the depreciation across several years, you can deduct the cost of a business vehicle in the same tax year. Keep your business operations efficient by leveraging Section 179.

Price excludes required taxes, tag, other governmental fees and includes a $399 closing fee.

We have taken reasonable efforts to ensure display of accurate data; however, the information shown may contain errors and omissions, may not reflect all vehicle items and accessories, and errors with regard to pricing may occur. All displayed inventory is subject to prior sale and all prices expire at midnight on the date displayed. Price shown is for the state in which Dealer is physically located and if transferred to another state, the price may change. Dealer is not responsible for any errors but should be consulted in person to confirm the information on this page.

USED VEHICLES MAY BE SUBJECT TO UNREPAIRED MANUFACTURER RECALLS. PLEASE CONTACT THE MANUFACTURER OR A DEALER FOR THAT LINE MAKE FOR RECALL ASSISTANCE/QUESTIONS OR CHECK THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION WEBSITE FOR CURRENT RECALL INFORMATION BEFORE PURCHASING.

Stipulations and Qualifications for South Carolina Taxpayers and Greenville Businesses

Keep in mind the terms and conditions of this business tax incentive:

  • South Carolina does not conform to federal bonus depreciation.
  • The title of the business vehicle must be in the name of the company, not the owner.
  • There is a strict business-use requirement. The eligible vehicle must be used for business purposes more than 50 percent of the time.
  • The tax deduction is limited to the percentage of business use.
  • It's important to track mileage and maintain documentation that supports your deduction claim.
  • Qualifying SUVs have a Section 179 deduction cap of $32,000.
  • The Section 179 tax deduction is limited by business taxable income.
  • To write off a qualifying purchase, the vehicle must be placed in service by December 31, 2026.
  • Have the vehicle actively available for business use before January 1, 2027.

Our Greenville BMW Dealership Is Dedicated to Excellence, Just Like Your Business

At Century BMW, we are dedicated to excellence. We know that many business owners in Greenville are cut from the same cloth. At Century BMW, we want you to get the very best out of your next BMW vehicle used for business. Our team is devoted to delivering superior customer care. A Century BMW Product Specialist will be with you and your business before, during, and after the sale. Businesses in Greenville and across Upstate South Carolina can accelerate their growth through these tax benefits.

Century BMW is proud to be Upstate South Carolina's BMW destination. Our BMW dealership in Greenville offers convenient access to I-85. Swing by to test drive BMW models that are eligible for the Section 179 tax deduction. Consult a licensed tax professional to verify business eligibility and calculate potential tax savings.