Honda Ridgeline
$41,000-$48,000
Is a Ridgeline a Tax Write-Off?
Short answer: It depends on the trim: some Ridgeline configurations are rated just over 6,000 lbs GVWR and some are under, which changes how much you can write off in year one.
Over 6,000 lbs, the business-use share can use 100% bonus depreciation without passenger-car caps; under it, first-year depreciation is capped at roughly $20,000. Check the door-jamb sticker for your exact vehicle before buying.
Records to keep: Keep a contemporaneous mileage log (date, miles, business purpose), business-use percentage, the purchase contract, and a photo of the door-jamb GVWR sticker.
Honda Ridgeline
Typical range: $41,000-$48,000
General Business
It depends on the trim: some Ridgeline configurations are rated just over 6,000 lbs GVWR and some are under, which changes how much you can write off in year one.
Business justification
It depends on the trim: some Ridgeline configurations are rated just over 6,000 lbs GVWR and some are under, which changes how much you can write off in year one. Over 6,000 lbs, the business-use share can use 100% bonus depreciation without passenger-car caps; under it, first-year depreciation is capped at roughly $20,000. Check the door-jamb sticker for your exact vehicle before buying.
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