Ferrari (Passenger Auto under Luxury Caps)
$250,000-$400,000+
Can You Write Off Ferrari?
Short answer: Exotic sports car typically under luxury-auto depreciation caps.
HIGH AUDIT RISK: Exotic passenger autos are subject to luxury vehicle depreciation caps and face intense scrutiny for personal use. Business-use % must be substantiated; commuting is not deductible. Prefer heavy GVWR fleet vehicles for stronger Section 179 stories.
Records to keep: High audit risk—personal luxury often fails ordinary-and-necessary tests. Confirm with a CPA before claiming.
Ferrari (Passenger Auto under Luxury Caps)
Typical range: $250,000-$400,000+
General Business
Exotic sports car typically under luxury-auto depreciation caps.
Business justification
HIGH AUDIT RISK: Exotic passenger autos are subject to luxury vehicle depreciation caps and face intense scrutiny for personal use. Business-use % must be substantiated; commuting is not deductible. Prefer heavy GVWR fleet vehicles for stronger Section 179 stories.
Category
- Luxury & Heavy Vehicle Write-Offs