Hyundai Elantra
$22,000-$35,000
Can You Write Off Hyundai Elantra?
Short answer: Partly: the Elantra is a popular rideshare car; most drivers come out ahead with the 72.5¢ mileage rate.
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.
Hyundai Elantra
Typical range: $22,000-$35,000
General Business
Partly: the Elantra is a popular rideshare car; most drivers come out ahead with the 72.5¢ mileage rate.
Business justification
Partly: the Elantra is a popular rideshare car; most drivers come out ahead with the 72.5¢ mileage rate. 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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