With the "write off", especially with a car like this, you could maybe go as high as 75% usage without an IRS red flag, but I doubt it. That is one item they do focus on- high end sports cars written off for business use. Unless you own a business focused on the car industry, don't plan on writing the whole thing off.

I have my own business, but I write off another car at about 45%. Commuter miles don't count.

 

Not to go totally off topic but I like a Macan a lot. It's a great daily driver with a little extra space. It drives very well, is quiet inside, and is enough space without being too big (Cayenne is too big IMO).

 

I typically 'rent' my Porsches. I put nothing down and usually add some mods that I can remove when the lease ends. In fact, I leased my '09 Turbo cab for 3 years ... then, decided I wasn't all that keen on the new PDK cars, so re-leased it for another 2 years.


PFC gave me 3 months 'grace' on a pull ahead program. I built a new car in November and it arrived last week. So, the last 3 months 'rent' on the '09 will wash away. And, I have a new Turbo car for another 3 years.


I have my own business and we write off some of the car. I know it's not a total write off, but I like having a new car every couple three years. So, I absorb the damage. BTW, most of my cars have some 'equity' left and I get a check ($6000 in this case ... should be more, but it is what it is) from the dealer when I turn it in. I sell the mods and regain a bit there as well.


Then I repeat. May not work for everyone, but I like it.


In the 70's and 80's I did buy some Porsches outright. Dealer said, that when I brought them back in 2-3 years, I'd get what I paid for them when I traded up. That NEVER happened. Always some excuse. So, now I 'rent'.

 

i am on the same boat struggling between leasing vs financing as a business owner.
I thought you can still depreciate the car as expense 25%/ year if you finance it?
Leasing you can write most of them off?

 

You can expense a car whether you lease or own, but you can only write off your percentage of use used for business. You can not write off commute miles or personal use. With a pleasure vehicle like the GT3, trying to get 75% or more would be a red flag. When expensing your car, you are required to document your commute miles. Let's say you commute 20 miles per day, or 100 miles per week. That equates to roughly 4000-5000 miles per year. So you put 7000 miles on your GT3, then try to take a 75% deduction.........I guess you could argue the car is parked at your business and used for nothing else (probably a difficult argument given the car type). I write off another car at about 45% as I know I won't put enough miles on my GT3 to justify a write off.