Reply to Who are the fools paying $100,000 for a wagoner?

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[quote=Anonymous][quote=Anonymous]It’s a tax dodge for small biz owners. They get to write off 80% of vehicle price in year 1 against their income.

https://www.jeep.com/wagoneer/section-179-deduction.html[/quote]

Its this!
The Section 179 tax deduction allows eligible businesses to deduct the cost of machinery and qualifying equipment when filing their taxes. This could be office furniture, technology, supplies, and other tangible items. This includes vehicles. And HEAVY vehicles get a better write off.

Any vehicle with at least 6,000 pounds GVWR but no more than 14,000 pounds (3-7 tons).  
This includes many full-size SUVs, commercial vans, and pickup trucks. 
For 2023, a vehicle qualifying in the “heavy” category has a Section 179 tax deduction limit of $28,900. However, these autos are eligible for 100% bonus depreciation through the end of 2022. Starting in 2023, the allowable bonus depreciation percentage will decrease to 80%.

But there are still better "heavy SUV's" so not sure why people are choosing Wagoners.

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