Ferrari Roma and 296
$250,000-$350,000
Can You Write Off Ferrari Roma and 296?
Short answer: Hard to justify: sports cars face the depreciation caps and heavy scrutiny on whether driving them is really business use.
Under 6,000 lbs GVWR it's a passenger car, so first-year depreciation is capped at roughly $20,000 with bonus depreciation for 2026, and only the business-use share counts; the 72.5¢ mileage rate is the simpler option.
Records to keep: Keep the purchase contract, the door-jamb GVWR sticker photo, and a mileage log showing business vs personal miles.
Ferrari Roma and 296
Typical range: $250,000-$350,000
General Business
Hard to justify: sports cars face the depreciation caps and heavy scrutiny on whether driving them is really business use.
Business justification
Hard to justify: sports cars face the depreciation caps and heavy scrutiny on whether driving them is really business use. Under 6,000 lbs GVWR it's a passenger car, so first-year depreciation is capped at roughly $20,000 with bonus depreciation for 2026, and only the business-use share counts; the 72.5¢ mileage rate is the simpler option.
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