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GM Tax Deductions

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GM Tax Deductions Shown with equipment from independent suppliers which is not covered by the GM New Vehicle Limited Warranty. GM is not responsible for the safety or quality of independent supplier alterations. TAKE ADVANTAGE OF NEW TAX BENEFITS DEDUCT UP TO 100% OF PURCHASE PRICE OF ELIGIBLE VEHICLES In recent years, tax laws were revised to benefit businesses large and small, which means companies of every size have an opportunity to save. Under current tax depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase price of an unlimited number of qualifying Chevrolet, Buick, GMC and Cadillac vehicles purchased in 2020 for business use. Additionally, qualifying association members may also be eligible for up to $1,000 toward the purchase or lease of most new Chevrolet, Buick and GMC vehicles.1 For more information on Business Association Private Offers, please visit gmfleet.com/BAO. Federal tax depreciation deductions are only available for vehicles used in a trade or business, and are subject to change without notice. Each taxpayer’s tax situation is unique—please consult your tax advisor to determine your business’s vehicle depreciation deduction. 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 the availability or amount of any potential tax benefit or reduced tax liability. ADDITIONAL VEHICLE DISCOUNTS:1 $1,000* $500** UP TO $18,100 PER VEHICLE (NO AGGREGATE LIMITATION):2 Chevrolet Camaro Chevrolet Bolt EV Cadillac CT6 Chevrolet Corvette Chevrolet Colorado Cadillac XT4 Chevrolet Cruze** Chevrolet Equinox** Buick LaCrosse Chevrolet Impala** Chevrolet Trax Buick Regal Chevrolet Sonic GMC Canyon** Buick Cascada Chevrolet Spark GMC Terrain** Buick Encore** Chevrolet Malibu** Cadillac ATS Buick Envision Chevrolet Volt Cadillac CTS UP TO 100% OF PURCHASE PRICE PER VEHICLE (NO PER-VEHICLE OR AGGREGATE LIMITATION):3 Chevrolet Blazer Chevrolet Express Passenger Van* GMC Yukon XL* Chevrolet Colorado 2.8L Diesel 4WD Chevrolet Express Cargo Van* GMC Acadia* Chevrolet Silverado 1500* Chevrolet Express Cutaway* GMC Savana Passenger Van* Chevrolet Suburban* Chevrolet Low Cab Forward** GMC Savana Cargo Van* Chevrolet Tahoe* GMC Canyon Crew Cab 4WD GMC Savana Cutaway* Chevrolet Traverse* GMC Sierra 1500* Cadillac Escalade Chevrolet Silverado 2500 HD* GMC Sierra 2500 HD* Cadillac Escalade ESV Chevrolet Silverado 3500 HD GMC Sierra 3500 HD Chassis Cab* Cadillac XT5 Chevrolet 3500 HD Chassis Cab* GMC Yukon* Buick Enclave* Chevrolet Silverado 4500 HD, 5500 HD and 6500 HD Chassis Cabs* 1Fleet deliveries on the Buick Enclave, Chevrolet Traverse, Silverado, Express, Suburban, Tahoe, GMC Acadia, Sierra, Savana, Yukon receive a $1,000 offer. All other Fleet deliveries receive a $500 Private Offer with the exception of the 2018 Low Cab Forward, which is $250. The Private Offer amount on all eligible vehicles delivered Retail is $500, with the exception of the 2018 Low Cab Forward which is $250. Valid toward the purchase or lease of eligible 2020 or 2021 Chevrolet, Buick, and GMC models. Customers must take delivery by 1/2/20. 2Passenger 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 2020 qualify for immediate depreciation deductions of up to $18,100 per vehicle. 3Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2020 qualify for immediate depreciation deductions of up to 100% of the purchase price. For more info, visit gmfleet.com/tax Association.
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