Businesses searching for new ways to maximize their tax savings in 2025 have an outstanding opportunity with the Section 179 tax deduction in Old Saybrook. This federal incentive makes it possible for companies to deduct the full purchase price of qualifying Chevrolet commercial vehicles -- helping you boost your bottom line and upgrade your fleet with confidence.
Whether you're looking for a dependable work truck, rugged van, or a custom upfit model, exploring Section 179 benefits at our Chevy dealership near Old Lyme can help you stretch every dollar.
2025 Section 179 Tax Deduction Overview & Limits
Understanding how the 2025 Section 179 tax deduction works can be a game-changer for small businesses near Old Lyme. The IRS has set generous deduction and spending caps this year, strengthening the case for investing in Chevrolet commercial trucks, vans, and other eligible vehicles. Section 179 allows businesses to instantly write off a significant portion -- or even up to the full cost -- of qualifying assets.
This quick depreciation method supports companies that want to reinvest in operations while managing tax liability efficiently. With 100% bonus depreciation also available for 2025, upgrading your fleet at Grossman Chevrolet is a strategic move for business tax planning.
- 2025 Deduction Limit: $2,500,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2025 Spending Cap: $4,000,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Complete phase-out at $6,500,000
- 2025 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20251
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Which Chevy Vehicles Qualify for Section 179?
- New & Used Vocational Trucks and Vans: Full Section 179 deduction available1
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW): $31,300 maximum Section 1791
- Cars, Light Trucks & SUVs (Under 6,000 lbs.): $20,400 first-year maximum1
If you're wondering which new Chevrolet commercial vehicles qualify for Section 179, you'll find plenty of eligible options at Grossman Chevrolet in Old Saybrook. Our lineup includes a wide range of trucks, vans, and heavy-duty models designed to handle your daily demands and scale with your growing business. Use Section 179 for both new and used vehicles -- provided they're new to your company and meet business-use requirements. Ask our team about the most popular Chevrolet Silverado and Express models, and discover how Section 179 can make your next truck or van purchase even more cost-effective.
Eligible Chevy models may include, but are not limited to:
- Silverado 1500
- Silverado EV
- Silverado HD
- Colorado
- Express Cargo Van
- Express Passenger Van
- Suburban
- Tahoe
- Traverse
How Do I Use the Section 179 Tax Incentive?
To take advantage of the Section 179 tax incentive, the vehicle must be purchased or leased, titled in your company's name, and primarily used for business before December 31, 2025. Start by consulting your tax advisor to confirm how much of the deduction your business can use and then work with our local dealer to secure qualifying inventory. Our commercial vehicle experts can walk you through the sales process, answer Section 179 questions, and provide documentation to streamline your tax filings. Leveraging this powerful incentive is straightforward when you partner with a knowledgeable local Chevrolet dealer.
Commercial Chevy Vehicles for Sale Near Me
Section 179 offers robust tax-saving potential for businesses ready to invest in new or used Chevrolet commercial vehicles in Old Saybrook. Contact Grossman Chevrolet today to review your options, get guidance on eligibility, and discover current inventory that aligns with your business goals. Reach out to our team to schedule a test-drive near Old Lyme, get a Section 179 eligibility check, or start your order -- maximize every dollar with a trusted commercial truck partner right here in the community.
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1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.