Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment, vehicles, or software purchased or financed during that tax year.
If you purchase or finance qualifying vehicle, the Volvo XC90 qualifies because it is over 6,000lbs GVWR, you can deduct the total purchase price from your gross income.
Businesses that purchase a new or used qualifying vehicle during the tax year should qualify. (Companies that spend more than $3,500,000 may not be eligible. With any questions always seek advice from your CPA.)