The last few years that my accountant has done my taxes for my business, I've had them use mileage for my vehicle expense deduction as opposed to keeping all gas/maintenance receipts and deducting those. The deduction usually comes out to anywhere between 10-15k. I purchased a new vehicle this year and talked to my accountant about how the deduction would work with the new "section 179" or whatever it is called this year where they allow you to deduct 100% of new equipment purchases the first year. They told me that by using the mileage deduction I can't use the purchase price as a deduction because that is a "vehicle expense" and is covered in the mileage deduction. Does anyone have any experience or advice with this? It seems to me the vehicle purchase price would be completely seperate from any yearly operating/maintenance costs. Any input is greatly appreciated!