Vehicles shown: 2022 Land Rover Defender, 2022 Range Rover and 2022 Land Rover Discovery.
*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 Ranger Rover, Range Rover Sport, Land Rover Discovery, Land Rover Defender 90 and Land Rover Defender 110 have gross vehicle weight ratings (GVWR) greater 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 vehicles maximum weight when fully loaded with people and cargo. See dealer for details.
†Comparisons based on sections 179 and 168(k) of the Internal Revenue Code, which allow for additional first year depreciation for eligible vehicles and reflect figures for owners who purchase vehicles for 100% business use and place vehicles in service by December 31, 2021.
‡Price comparison figures are calculated using the Base Manufacturer’s Suggested Retail Price for the 2022 Range Rover standard wheelbase, 2022 Range Rover Sport SE, 2022 Land Rover Discovery 2.0L S,2022 Defender 90 base and 2022 Defender 110 base. Price excludes 41,350 destination/handling charge, tax, title, and retailer fees, all due at signing, and optional equipment,
Vehicles can be new and certified pre-owned.
1. Range Rover, Range Rover Sport, Land Rover Discovery, Land Rover Defender 90 and Land over Defender 110 are fully depreciated in one year.
2. Luxury car depreciation can continue year two at $16,400, year three at $9,800 and $5,860 per year for each succeeding year until the vehicle is fully depreciated or sold.
3. Luxury car depreciation can continue year two at $14,688, year three at $8,813 and $5,288 per year for each succeeding year until the vehicle is fully depreciated or sold.
4. Luxury car depreciation can continue year two at $13,024, year three at $7,814 and $4,689 per year for each succeeding year until the vehicle is fully depreciated or sold.
5. Luxury car depreciation can continue year two at $13,600, year three at $8,160 and $4,896 per year for each succeeding year until the vehicle is fully depreciated or sold.
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