We analyze a discrete-time Geo/Geo/1 queueing system with preferred customers and partial buffer sharing. In this model, customers arrive according to geometrical arrival processes with probabilityλ. If an arriving customer finds the server idle, he begins instantly his services. Otherwise, if the server is busy at the arrival epoch, the arrival either interrupts the customer being served to commence his own service with probabilityθ(the customer is called the preferred customer) or joins the waiting line at the back of the queue with probabilityθ~(the customer is called the normal customer) if permitted. The interrupted customer joins the waiting line at the head of the queue. If the total number of customers in the system is equal to or more than thresholdN, the normal customer will be ignored to enter into the system. But this restriction is not suitable for the preferred customers; that is, this system never loses preferred customers. A necessary and sufficient condition for the system to be stable is investigated and the stationary distribution of the queue length of the system is also obtained. Further, we develop a novel method to solve the probability generating function of the busy period of the system. The distribution of sojourn time of a customer in the server and the other indexes are acquired as well.