How To Buy A Car For A Business Here

Standard passenger cars have lower caps. For 2026, the first-year limit is approximately $12,200 , plus an additional $8,000 if you apply bonus depreciation, for a total of $20,200 .

To qualify for any Section 179 deduction, the vehicle must be used for business purposes more than 50% of the time . how to buy a car for a business

In 2026, the Section 179 deduction allows businesses to immediately expense the cost of qualifying vehicles rather than depreciating them over several years. Standard passenger cars have lower caps