Vehicles shown: 2020 Land Rover Discovery HSE 3.0-Liter LR-V6 Supetcharged. 2020 Range Rover P525 HSE 5.0.Liter L525 V8 Gasoline, and 2020 Range Rover Sport HSE with Dynamic Pack 5.0-Liter V8 Supercharged.
*Individual tax situations may vary. Information accurate at time of publication. Federal rules and tax guidelines are subject to change. Consult your tax adviser for complete details on rules applicable to your business.
** The Range Rover, Range Rover Sport, Land Rover Discovery and Land Rover Defender 110 have gross vehicle weight ratings (GVWR) greater than 6,000 pounds and are classified as heavy SUVs. As such, these vehicles can be fully depreciated in the first year of ownership when used for business 100% of the time, GVWR is the manufacturer's rating of the vehicle's maximum weight when fully loaded with people in the cargo. See your local authorized Land Rover retailer for details.
† Comparisons based on Section 179 and 168(k) of the Internal Revenue Code, which allows for additional first year depreciation for eligible vehicles and reflects figures for owners who purchase vehicles for 100% business use and place vehicles in service by December 31, 2020.
‡ Price comparison figures are calculated using the Base Manufacturer's Suggested Retail Price for the 2020 Range Rover Standard Wheelbase. 2020 Range Rover Sport SE, 2020 Land Rover Discovery SE and 2020 Land Rover Defender 110 Base. Price excludes $1,350 destination.handling charge, tax, title, license, and retailer fees, all due at signing, and optional equipment.
1. Range Rover, Range Rover Sport, Land Rover Discovery and Land Rover Defender 110 are fully depreciated in year one.
2. Luxury car depreciation can continue year two at $16,100, year three at $9,700, and $5,760 per year for each succeeding year until the vehicle is fully depreciated or sold.
3. Luxury car depreciation can continue year two at $14,176, year three at $8,506, and $5,103 per year for each succeeding year until the vehicle is fully depreciated or sold.
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