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Business Elite is more than just a name, it's a suite of products and services you won't get from anyone but your Business Elite Dealer:
BUSINESS CHOICE OFFERS can give you the best value on the vehicles+ that keep your business moving. Earn cash allowances on either Chevrolet Accessories or Upfits++ with each Business Choice Offer below. You can even add the most current retail offers to get even more on your next vehicle.
You could get more tax benefits when you purchase the vehicles that you need. Both large and small businesses may be eligible to immediately deduct up to 100% of the purchase price of qualifying vehicles. Beginning in 2023, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.â€
| 2023 ELIGIBLE VEHICLES | Up to 100% of the purchase price* | Up to $25,000 plus up to 80% of the remaining purchase price plus standard depreciation deduction* | Up to $20,200 |
|---|---|---|---|
| Vehicle Brand | Large trucks, cargo vans and 10+ passenger vans - GVWR greater than 6,000 lbs. | Other trucks, passenger vans and SUVs - GVWR greater than 6,000 lbs. | All vehicles - GVWR 6,000 lbs. or less |
| Chevrolet |
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| GMC |
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| Terrain (incl. Denali) |
| Buick | N/A | Enclave (incl. Avenir) |
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| Cadillac | N/A |
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*Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2023. Determining the proper income tax treatment of any vehicle purchase requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, the characteristics and attributes of the particular vehicle purchased and the purchaser's income tax situation. Each purchaser's tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability.
Individuals, businesses and tax-exempt organizations that purchase a qualifying electric vehicle may qualify for a federal Clean Vehicle or Commercial Clean Vehicle income tax credit of up to $7,500** for vehicles placed in service in a trade or business during 2023.
| Make | Model | Model Year(s) | Maximum Credit  |
|---|---|---|---|
| Cadillac | LYRIQ | 2023-2024 | $7,500 |
| Chevrolet | Blazer EV | 2024 | $7,500 |
| Chevrolet | Bolt EV | 2022-2023 | $7,500 |
| Chevrolet | Bolt EUV | 2022-2023 | $7,500 |
| Chevrolet | Equinox EV | 2024 | $7,500 |
| Chevrolet | Silverado EV | 2024 | $7,500 |
| GMC | HUMMER EV SUV | 2023-2024 | $7,500 |
| GMC | HUMMER EV Pickup | 2023-2024 | $7,500 |
| GMC | Sierra EV Denali Edition 1 | 2024 | $7,500 |
**Individuals, businesses and tax-exempt organizations that purchase a qualifying electric vehicle for use in a trade or business may qualify for a federal Qualified Commercial Clean Vehicle income tax credit of up to $7,500. For more information, visit https://www.irs.gov/credits-deductions/commercial-clean-vehicle-credit. Individuals who purchase a qualifying electric vehicle for non-business use may qualify for a federal Clean Vehicle income tax credit of up to $7,500, subject to additional restrictions. For more information, visit https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after. Consult your tax advisor to determine the proper tax treatment of any vehicle purchase(s) including, without limitation, which vehicles qualify, the amount of the available credit, how to claim the credit, how claiming a credit may impact other tax deductions and/or tax credits and for additional restrictions and limitations. Clean Vehicle and Commercial Clean Vehicles tax credit amounts, eligibility requirements and other requirements, restrictions and limitations are subject to change without notice.
Each purchaser's tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability.
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++Vehicles shown throughout with equipment from an independent supplier and are not covered by the GM New Vehicle Warranty. GM is not responsible for the safety or quality of independent supplier alterations.
*Visit onstar.com/us/en/services/coveragemaps.html for coverage area limitations. Commercial Link offer only available on vehicles equipped with OnStar® hardware. See dealer for details.
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