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Tax Benefits on Eligible Chevy Vehicles
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Tax Benefits
Up to a $250,000 Expense Deduction*
The new Stimulus Package provides significant tax benefits to American business owners. If you purchase an eligible GM vehicle this year, you may get immediate eligibility for up to a $250,000 deduction on your 2009 taxes.
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Accelerated Depreciation Bonus
You may be able to take an additional first year special depreciation allowance on certain eligible purchases. This allowance is an additional deduction of 50% of your vehicle's depreciable basis.
For additional information regarding the bonus depreciation and to calculate your bonus depreciation, visit www.depreciationbonus.org.
GM offers the broadest vehicle lineup in the industry for your fleet and commercial needs, and many of our segment-leading trucks, vans, SUVs and crossovers qualify for these tax benefits.
Eligible Vehicles
Vehicles immediately eligible for a $25,000 expense deduction:
Chevy Avalanche, Chevy Tahoe, Chevy Traverse, Chevy Suburban, Chevy TrailBlazer w/V8 engine,
Chevy Silverado Crew Cab*, Chevy Silverado Extended Cab*, Chevy Silverado*, Chevy Express Cargo Van*,
Chevy Express Passenger Van*, Chevy Express Cutaway*, Chevy Kodiak
New Energy Tax Credit
If you already own a GM hybrid, or are thinking of purchasing a new GM hybrid for your business, the government has some great news. Thanks to the New Energy Tax Credit, GM hybrids purchased or placed into service after December 31, 2005 may be eligible for a federal income tax credit of up to $3,400.*
Financing
Think Getting a New Vehicle Loan is Impossible? Think again.
Today, with new provisions under the Stimulus Act, the Small Business Administration (SBA) is making it easier - and less expensive—for small business owners to get loans.
Now, you may be eligible to finance a GM vehicle using one of several loan types available through the SBA 7(a) Guaranty Loan Program. These loans are made and administered by private lenders - or providers. The providers structure their own loans using SBA guidelines, and extend these loans to you, the small-business owner.
* Contact Hubbard Chevrolet for details, exceptions and more information.
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