Writing off your vehicles for tax purposes

Discussion in 'Business Operations' started by JimLewis, Oct 30, 2001.

  1. JimLewis

    JimLewis LawnSite Fanatic
    Posts: 6,835

    Email doesn't appear as an option for you, Paul. But the answer is no. Currently we are a sole prop. But I plan on becoming a LLC or something like that very soon.
     
  2. scott's turf

    scott's turf LawnSite Senior Member
    from NH
    Posts: 949

    Is the insurance on the truck a vehicle expense? I though it was. If so that is at least $1200/year which is 3750 miles plus repairs, tires. Maybe my opinion is biased considering my f250 blew a trans this year and has been a money pit ever since I got it.
     
  3. JimLewis

    JimLewis LawnSite Fanatic
    Posts: 6,835

  4. scott's turf

    scott's turf LawnSite Senior Member
    from NH
    Posts: 949

    So what guys are writing off mileage? It doesn't seem like the way to go unless you have a cheap old truck that doesn't cost you much money to run. If you have a new truck on the other hand you have to put on a lot of miles before you break even. For instance: a $600/month truck payment + insurance will run you around $8200/year. That is 25625 miles at $0.32/mile. That is not even including gas. What are some of you guys putting on your truck for mileage each year. I have a small business and only put on about 10k each year.
     

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