Rolls-Royce Tax Deductions

Shop New Rolls-Royce Inventory
Contact Us

Rolls-Royce Tax Deductions in New Jersey

Enhance your business's professional image and increase your profit margin with a luxurious, fully customized new Rolls-Royce vehicle from Rolls-Royce Motor Cars Paramus. Purchasing a Rolls-Royce for your business in New Jersey can offer significant tax advantages, particularly through IRS Section 179 deductions and bonus depreciation. It's a strategic move for businesses looking to maximize tax savings while investing in luxurious business transportation. It allows you to take a tax deduction for some of the purchase price for new vehicles used for business.

2024 Tax Write-Offs for Your Company Rolls-Royce

Section 179 deductions and bonus depreciation provide significant tax relief for businesses in the Parsippany, NJ, area purchasing a Rolls-Royce vehicle. This section allows businesses to deduct the full purchase price of the vehicle in the purchase year and use it for business at least 50% of the time rather than depreciating the cost over several years.

The 2024 deduction has a maximum spending amount for vehicle purchases, a strategic financial advantage for small to mid-sized businesses. It ensures luxury vehicles like Rolls-Royce models are not only symbols of success but also wise investments that let owners enjoy the brand's prestige on a savvy financial decision.

  • Total Deduction Limit for 2024: $1,220,000

60% Bonus Depreciation

The bonus depreciation benefit of buying a Rolls-Royce for your business is a significant tax incentive, allowing businesses to immediately deduct a large percentage of the purchase price of eligible vehicles in the first year of service. This accelerates the depreciation process, offering a hefty tax break and reducing the taxable income for the business in that year. For an eligible Rolls-Royce vehicle, this can lead to a substantial decrease in tax liability. It's a strategic benefit for companies investing in high-value assets that offer immediate financial relief.

What Models are Eligible for Tax Deductions?


Section 179 tax deduction eligibility depends on several factors, including the specific model and business use. Generally, models with a gross vehicle weight rating (GVWR) over 14,000 pounds are eligible for a Section 179 deduction at 100%.

Rolls-Royce vehicles purchased for business use that weigh under 6,000 pounds have a classification of "light" vehicles. This category includes luxury models, and they qualify for a partial deduction with at least 50% business use. The Section 179 deduction limit for light vehicles is $12,200, plus the 80% bonus depreciation, bringing the total deduction cap to $20,200. The section offers an opportunity for businesses to leverage tax benefits while enjoying the prestige of a Rolls-Royce.




  • Rolls-Royce Phantom: The epitome of luxury, the Phantom offers an unparalleled smooth ride, exquisite craftsmanship, and a cabin that epitomizes lavishness. It's renowned for its quietness and effortless power delivery.

  • Rolls-Royce Phantom Extended: This version extends the luxury of the Phantom with more space, especially in the rear seats, enhancing the comfort for passengers who prefer additional legroom and bespoke luxury features.

  • Rolls-Royce Spectre: The Spectre is a newer addition to the Rolls-Royce lineup, offering a fully electric driving experience. It joins the signature luxury of Rolls-Royce with electric vehicle technology.

  • Rolls-Royce Ghost: The Ghost is a masterclass in understated elegance, combining advanced technology with a minimalist design approach, providing a serene and luxurious driving experience.

  • Rolls-Royce Ghost Extended: This model extends the Ghost's luxury with more space and comfort, especially in the back seats, without compromising its refined performance and advanced technological features.

  • Rolls-Royce Cullinan: Rolls-Royce's first SUV, the Cullinan, offers rugged off-road capability while maintaining the brand's signature luxury. It provides a perfect blend of utility, comfort, and luxury.

    • Why Choose a Rolls-Royce for Your Business Vehicle?

    Choosing a Rolls-Royce for your business symbolizes unmatched prestige and luxury that will significantly upgrade your company's image. Exceptional craftsmanship and impressive performance of Rolls-Royce vehicles reflect your business's high standards and success. Additionally, potential tax write-off under IRS Section 179 enhance its appeal as a wise investment. Owning a Rolls-Royce for business use blends luxury with financial savvy, making it an excellent choice for those who seek the best in both realms.

    Once you've checked with your tax professional about Section 179 deductions, connect with our specialists in Paramus, where you can explore ways to tailor your preferred Rolls-Royce model for your business needs. Visit us at Rolls-Royce Motor Cars Paramus to discover the full model lineup and consult our experts. Experience your favorite model firsthand with a test drive and meet our finance center experts, who are ready to assist you today.