LOOK FORWARD TO TAX SEASON
SMALL BUSINESS OWNERS: You could qualify for significant tax deduction savings off the purchase price.
You can get more tax benefits when you purchase the vehicles that give you more. Both large and small businesses may be eligible to deduct in the year of purchase up to 60% of the purchase price of qualifying vehicles.
All passenger automobiles can qualify for a deduction of up to $20,400, while certain larger vehicles may qualify for a deduction of up to $30,500 plus depreciation benefits.
With these new tax laws, you can save next tax season on the vehicles your business purchases today. There’s never been a better time to add the quality and dependability of Cadillac vehicles to your fleet.
Learn more about the Section 179 tax deduction.
FIRST YEAR VEHICLE TAX BENEFITS LIMITS FOR 2024
There are some limitations to the expense deduction, including vehicle eligibility.
UP TO $20,400 PER VEHICLE*
Total deduction per car.
CT4
CT5
XT4
UP TO $30,500 PLUS UP TO 60% OF THE REMAINING PURCHASE PRICE*
Total deduction per SUV or truck with GVWR of more than 6,000 lbs.
XT5
XT6
LYRIQ
OPTIQ
ESCALADE
ESCALADE ESV
ESCALADE IQ
BUILD ON YOUR BREAK
Whether you’re shopping for a new vehicle for your business or looking for innovative ways to increase productivity, we have you covered. Explore the programs we’ve developed to keep your business running effectively and efficiently.
COMMERCIAL VEHICLE LENDING PROGRAM
The experienced team at Cadillac Financial understands the sophisticated demands and complex financing requirements of today’s commercial borrower. Our suite of Commercial Vehicle Lending products is designed to suit your unique business needs.
THE LESS-TAXING WAY TO RUN YOUR BUSINESS
Keep your business running at maximum efficiency with OnStar Vehicle Insights
REINVEST IN YOUR SUCCESS
Whatever your business needs, our lineup has something to offer. Start building your Cadillac to locate matching vehicles at a dealer near you.
