If your business buys a car with a curb weight over 6000 pounds or a truck or SUV over 6000 pounds gross loaded vehicle weight (GVWR) in 2011, the luxury auto rules don’t apply to this vehicle. What does this mean? In 2011 you can deduct the following depreciation on a new car or truck:
Car cost over $15300 with curb weight over 6000 lbs - all of it because of bonus depreciation
Car cost over $15300 with curb weight under 6000 lbs - $11,060 (Luxury Auto Limits)
Truck with GVWR over 6000 lbs - all of it because of bonus depreciation
Truck with GVWR under 6000 lbs - $11,260 (Luxury Auto Limits)
So if you are buying a car for business and you need something heavy-duty, make sure it is heavy!
Tomorrow I will give a list of cars and trucks with Gross Vehicle Weight Rating (GVWR) over 6000 pounds.