Tax Deductions on Chevy Vehicles for Small Businesses

2023 Chevrolet Silverado 1500 Towing

Small business owners needing reliable, performance-driven vehicles for their Chamblee operations often turn to Chevrolet. Offering a wide range of pickup trucks, cargo vans, and electrified models, Chevy strives to provide business owners with the flexible power and capability they need to get the job done. Now, under new tax depreciation laws, business owners may be eligible to deduct up to 100% of the purchase price of qualifying Chevy vehicles, with no per-vehicle or aggregate limit! Learn more about what vehicles qualify and what deductions are available in this guide from Jim Ellis Chevrolet’s finance team.

First-Year Vehicle Depreciation Limits for 2023

There are several ways to save on a new Chevy Silverado or Chevy Express Passenger Van when you take advantage of the latest tax depreciation laws. See all the ways you can save your Dunwoody business money when you buy a qualifying Chevy vehicle:

Up to 100% of Purchase Price

(No Per-Vehicle/Aggregate Limitation)

  • Chevy Express Cargo Van
  • Chevy Express Cutaway
  • Chevy Express Passenger Van (12 to 15 passenger seating capacity)
  • Chevy Low Cab Forward
  • Chevy Silverado 1500 (Standard or Long Bed models)
  • Chevy Silverado 2500 HD (Standard or Long Bed models)
  • Chevy Silverado 3500 HD (Standard or Long Bed models)
  • Chevy Silverado 4500 HD
  • Chevy Silverado 5500 HD
  • Chevy Silverado 6500 HD
  • Chevy Silverado HD Chassis Cabs

Up to $25,000 Plus Up to 80% of Remaining Purchase Price (Plus Standard Depreciation Deduction)

  • Chevy Blazer
  • Chevy Colorado (All models except 2WD with a GVWR of 5,800 pounds)
  • Chevy Express Passenger Van (Five passenger seating capacity)
  • Chevy Silverado 1500 (Short Bed models)
  • Chevy Suburban
  • Chevy Tahoe
  • Chevy Traverse

Up to $20,200 Per Vehicles (No Aggregate Limitation)

  • Chevy Bolt EV (May qualify for additional EV incentives)
  • Chevy Bolt EUV (May qualify for additional EV incentives)
  • Chevy Camaro
  • Chevy Colorado (2WD models with a GVWR of 5,800 pounds)
  • Chevy Corvette
  • Chevy Equinox
  • Chevy Malibu
  • Chevy Trailblazer
  • Chevy Trax

Explore Tax Deductions & Incentives With Jim Ellis Chevrolet’s Finance Team!

Ready to see if your future Sandy Springs fleet qualifies for the above Chevy tax deductions? Contact Jim Ellis Chevrolet! Our Chamblee finance experts will be happy to walk you through eligibility requirements, model requirements, and more so you can keep your business in the black.


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