Used car purchase for business
$10,000-$40,000
Can a Business Write Off a Used Car?
Short answer: Yes: used vehicles bought for business qualify for depreciation, and 100% bonus depreciation applies to used property too.
Passenger cars under 6,000 lbs still hit the luxury caps; heavier SUVs and pickups don't. Only the business-use share counts.
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.
Used car purchase for business
Typical range: $10,000-$40,000
General Business
Yes: used vehicles bought for business qualify for depreciation, and 100% bonus depreciation applies to used property too.
Business justification
Yes: used vehicles bought for business qualify for depreciation, and 100% bonus depreciation applies to used property too. Passenger cars under 6,000 lbs still hit the luxury caps; heavier SUVs and pickups don't. Only the business-use share counts.
Category
- Vehicles by Make & Model