Gross vehicle weight (GVWR) for the 2022 Toyota Highlander ranges from 5,830 to 5,935 pounds. Therefore, according to the IRS, the Toyota Highlander does not meet the 6000-pound weight threshold. However, you can still deduct $18,200 from the vehicle’s purchase price, including fees and sales taxes, by combining Section 179 and Bonus Depreciation.
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Toyota Highlanders weigh how much?
The Toyota Highlander weighs anywhere from 4,145 to 4,430 pounds. The engine and trim level picked will affect the Toyota Highlander’s curb weight. Weighting 4,430 lbs. is the 2.4L 4-cylinder Toyota Highlander Hybrid Platinum. The curb weight of the 3.5L V6-powered Toyota Highlander L is 4,145 lbs.
The best Highlander for towing is which?
The Toyota Highlander line’s specifications are provided. There are three different models available: the base Hybrid LE, the XLE, and the Hybrid XLE, all of which have MSRPs that are higher than $40,000.
Regardless of the package you choose, there is plenty room for seven or eight passengers, and if you choose one of the hybrid models, your fuel economy will be around 35 mpg.
Many Highlander purchasers are curious about the vehicle’s towing capacity, which varies depending on the trim level you choose. The Toyota Highlander’s XLE grade, which has a towing capacity of up to 5,000 pounds, is the one you should choose if you want to get the most out of it. Your towing capacity will be capped at 3,500 pounds if you select the Hybrid LE or Hybrid XLE.
Does a Toyota Highlander meet Section 179’s requirements?
The Toyota Tacoma may be eligible for full or partial Section 179 deductions. Tundra by Toyota. Highlander by Toyota.
What automobiles are eligible for the complete section 179 deduction?
Section 179 Heavy Vehicles any vehicle with a minimum GVWR of 6,000 pounds and a maximum GVWR of 14,000 pounds (3-7 tons). This includes a sizable number of full-size SUVs, vans, and pickup trucks.
Can I deduct a 6000-pound vehicle in 2021?
Depreciation (including bonus depreciation) limits do not apply to SUVs with a gross vehicle weight rating over 6,000 lbs. However, in 2021, they are only eligible for a $26,200 section 179 deduction. IRC179(b)(5)(A). SUVs with a GVW more than 14,000 pounds are exempt from depreciation and 179 restrictions. The same regulations apply to trucks and vans with GVW ratings over 6,000 pounds but under 14,000 pounds: no bonus depreciation cap but a $26,200 section 179 deduction cap. However, in the event that any of the following conditions hold true, these vehicles are exempt from the section 179 limit:
- Behind the driver’s seat, the vehicle is meant to accommodate more than nine passengers;
- There is no seating behind the driver’s seat, no body section protrudes more than 30 inches in front of the leading edge of the windshield, and the vehicle has an integral enclosure that completely encloses the driver compartment and load-carrying system.
- a cargo section that is open or designed to be used as an open area but is enclosed by a cap and not easily accessible from the passenger compartment, and it has an internal length of at least 6 feet;
SUVs are eligible for 100% bonus depreciation if they weigh more than 6,000 lbs. in 2021, despite the fact that they are still subject to the $26,200 section 179 cap. All bonuses are 100% up until the end of 2022. Following that, it is anticipated to decrease to 80% in 2023.
What distinguishes the Toyota Highlander from the 2021 and 2022 models?
The Highlander Hybrid receives a new Bronze Edition with unique wheels and interior decorations (in bronze, of course); a new exterior paint color; and the most significant improvements. For XLE and above models, an eight-way motorized passenger seat with a height adjustment
Price: The L, a well-equipped base gas-only model, starts at $36,420 (all prices include $1,215 destination), an increase of $160 for 2022. The LE trim of the Highlander Hybrid has the lowest starting price, which has increased by $160 to $40,070. The majority of other models cost $360 more.
Should you purchase 2021 or 2022? Choose a 2022 model because these are only minimal price increases.
For 2022, the mid-size three-row Toyota Highlander will remain largely unchanged. For the 2020 model year, it had a complete makeover, and the sportier XSE trim level with noticeably more aggressive looks and some mechanical changes arrived in 2021. However, there aren’t many adjustments for 2022.
The Toyota Highlander: a high-end vehicle?
Mitsubishi Outlander Consider driving this Toyota luxury SUV, which comes with optional leather-trimmed front and second-row seats. The superb styling continues in other ways. Faux wood door decor, chrome inside door handles, and a power panoramic view moonroof are all optional but add refinement.
Can a Toyota Highlander tow 5,000 pounds in reality?
The towing capacity of the 2021 Toyota Highlander When properly outfitted, the 2019 Highlander can tow an astonishing 5,000 pounds. Depending on the engine you select, you can tow a certain amount of weight. And that’s still another fantastic feature of this SUV. A gas engine or a hybrid engine are your options.
A Toyota Highlander can haul how much weight?
Can a Toyota Highlander tow a lot of weight? With the optional tow package installed, the maximum towing capacity of this tough SUV is 5,000 pounds. Here are a handful of the 2022 Toyota Highlander’s standout performance attributes: a 295 horsepower and 263 lb-ft of torque 3.5L V6 engine.