BMW i7
$105,000-$170,000
Can You Write Off BMW i7?
Short answer: Check the door jamb: the electric 7 Series is unusually heavy, and if its GVWR tops 6,000 lbs it escapes the luxury caps.
Over 6,000 lbs GVWR, the passenger-car depreciation caps don't apply: pickups with 6-foot beds and cargo vans can be fully expensed with 100% bonus depreciation, while SUVs are limited to about $32,000 under Section 179 (bonus covers the rest). Business use must exceed 50%.
Records to keep: Keep the purchase contract, the door-jamb GVWR sticker photo, and a mileage log showing business vs personal miles.
BMW i7
Typical range: $105,000-$170,000
General Business
Check the door jamb: the electric 7 Series is unusually heavy, and if its GVWR tops 6,000 lbs it escapes the luxury caps.
Business justification
Check the door jamb: the electric 7 Series is unusually heavy, and if its GVWR tops 6,000 lbs it escapes the luxury caps. Over 6,000 lbs GVWR, the passenger-car depreciation caps don't apply: pickups with 6-foot beds and cargo vans can be fully expensed with 100% bonus depreciation, while SUVs are limited to about $32,000 under Section 179 (bonus covers the rest). Business use must exceed 50%.
Category
- Vehicles by Model