Genesis G70
$42,000-$55,000
Can You Write Off Genesis G70?
Short answer: Partly: the G70 is a compact sport sedan under the luxury-auto caps.
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.
Genesis G70
Typical range: $42,000-$55,000
General Business
Partly: the G70 is a compact sport sedan under the luxury-auto caps.
Business justification
Partly: the G70 is a compact sport sedan under the luxury-auto caps. 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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- Vehicles by Model