You Deserve A Break This Tax Season

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You know that Hulett Chevrolet-Buick-GMC is great for personal use vehicles, but have you ever considered purchasing your work cars from Hulett? At the best car dealership at the Lake of the Ozarks, we have a large inventory of new cars available for personal use or to create a fleet of work cars. Right now is the best time to upgrade your work vehicles because small business customers may claim up to $510,000 Tax Deduction. Learn more below! 

What is Tax Section 179?

The Section 179 Deduction was enacted as part of the IRS tax code in 2008 to help small businesses with their vehicle and equipment purchases. This law allows your commercial and fleet customers to claim the full purchase price of certain GMC and Buick vehicles totaling up to $510,000 (for eligible vehicles) as a tax deduction.

The amounts that can be deducted depend on the vehicle purchased. For example, passenger vehicles bought by a business may qualify for deductions of $11,160, $11,560 or $25,000. A business that spends up to $2,030,000 on multiple vehicles can take a deduction of up to $510,000.
See the allowed amounts for each eligible GMC vehicle in this chart:


See the allowed amounts for each eligible Buick vehicle in this chart:

Additional Tax Section 179 Facts:

  • Vehicle titles must be in the company’s name
  • An eligible vehicle must be used for business at least 50 percent of the time
  • Businesses can still take advantage of other incentives and Business Choice offers in addition to these possible tax savings.


For more information, please visit

 http://www.Buick.com/tax-deductions.html &  http://www.GMC.com/tax-deductions.html

View fliers here: 


 1. Each individual’s tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit www.irs.gov.
2. For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is an $11,160 per-vehicle depreciation deduction cap or $11,560 for certain SUVs, trucks, and vans placed in service during 2017.
3. For vehicles that qualify as sport utility vehicles, including certain trucks and vans, under the Internal Revenue Code, the maximum amount that may be expensed is $25,000 of the total purchase price. The $25,000 expense cap contributes to the $510,000-dollar limit and $2,030,000 investment limit under Section 179. The tax incentives are available for depreciable tangible property that is acquired by purchase for use in the active conduct of a trade or business. Additional limitation based on purchases. For the 2017 tax year, the aggregate de­duction of $510,000 under Internal Revenue Code Section 179 is most beneficial to small businesses that place in service no more than $2,030,000 of “Section 179 property” during the year. For every dollar spent on Section 179 property in excess of the overall limit of $2,030,000, the $510,000 expense-tax deduction decreases by a dollar. Certain vehicles, models, and restrictions apply. Consult your tax professional for details.

GM reserves the right to make changes at any time, without notice, to prices, colors, materials, equipment, features, specifications, models, and availability. September 2017

Hulett Chevrolet-Buick-GMC

If you're looking to start a new business or upgrade your current fleet of vehicles, now is the time to take advantage of this great tax deduction. Hulett Chevrolet-Buick-GMC has over 100 new vehicles and we are sure to have something that fits your needs. Stop by the best car dealership at the Lake of the Ozarks to see how we can help you. 
That's The Way We Do It At Hulett!

513 N. Business Route 5
Camdenton, MO  65020


Sales: 573.317.4191
Service:  573.317.4195
Location: Camdenton, MO 65020, USA

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