Can I Write Off a Brand-New Range Rover? How Vehicle Deductions Work
Whether it's a Range Rover or a pickup, the answer comes down to one number: how much you actually drive it for business.
“Can I legally write off a brand-new Range Rover?”
The short version
- It always depends. It's all based off of business usage percentage.
- Document the total miles driven and the miles that were for business. That gives you a percentage.
- That percentage applies to repairs, gas, oil changes and, the big one, depreciation.
- To unlock things like Section 179, you want to use the vehicle over 50% of the time for business.
- 100% business use means yes. For most people, probably no.
The short answer
It depends. If you bought the Range Rover for business, say it's part of a company fleet, then possibly. It all comes down to your business-use percentage.
The myth: buy it through the business, write off the whole thing
Can you write off the entire vehicle? Only if you use it 100% for business. For most people, the answer is no.
Why the percentage matters
To use Section 179, the vehicle needs to be used for business more than 50% of the time. That's the key.
How to deduct a vehicle the right way
Track your total miles and your business miles. That gives you your business-use percentage.
Apply that percentage to your repairs, gas and oil changes, and to the biggest piece: depreciation.
Frequently asked questions
How do I calculate the business use of my vehicle?
Document the total miles driven and the total miles that were for business purposes. That will give you a percentage.
What vehicle costs can be deducted?
Your business-use percentage gives you a deduction amount based off of your repairs, your gas, your oil changes, and the big one, depreciation.
How much business use do I need for Section 179?
To use Section 179, the vehicle needs to be used for business more than 50% of the time.
Can I write off 100% of my car?
If you use the vehicle 100% of the time for business, then the answer is yes. But for most people, probably no.