The copy of earlier insurance policy effectively owns the car until the designated proprietor or driver of the vehicle. There is an app for Apple and the.

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Section 179 of the tax code states that vehicles with a gross vehicle weight rating (GVWR) of over 6,000 pounds are eligible for an immediate business tax deduction of up to $25,000.
There’s been much speculation as to whether or not the Tesla Model X would qualify for this deduction. Turns out the Model X does have a GVWR of well over 6,000 pounds (6,768 pounds, actually), so yes it does qualify.
You cannot elect to expense more than $25,000 of the cost of any heavy sport utility vehicle (SUV) and certain other vehicles placed in service during the tax year. That has an integral enclosure fully enclosing the driver compartment and load carrying device, does not have seating rearward of the driver’s seat, and has no body section protruding more than 30 inches ahead of the leading edge of the windshield. So if someone expenses $25,000 of the $100,000+ purchase on their business taxes the first year, at about a 40% tax rate (25% income tax and 15% self-employed tax) that results in a tax savings of $10,000, essentially providing the purchaser with a 10% discount assuming it is used for business.
If the $25,000 limit gets removed (reinstating the hummer tax loophole), then the full purchase price would be subject to that type of accounting, saving people between 40 and 50% on the price of the Tesla Model X, assuming they pay enough in taxes to have that much tax liability. FWIW, I expect a lot of well-to-do realtors to buy these vehicles to chauffeur their clients around.
Actually scratch that, since the Hummer Loophole became popular and abused, the IRS has cracked down and determined that commuting is not a business use.
Commuting miles have NEVER been deductible- REGARDLESS of people’s perception of this hummer deduction nonsense.
And I know the situation has been the same for decades because my daughter is a corporate employee who visits many stores during a business day. The $25,000 section 179 expense deduction for >6,000 lb GVWR vehicles can be taken only if the business use is 50% or more.
The important distinction to determine whether you can deduct the full sec 179 expense and the full depreciation expense is whether the Gross Vehicle Weight Rating (GVWR) of the vehicle is over 6,000 lbs.
It would have been interesting if the GVWR came out to be 5999lbs after the initial design, so then Tesla just puts a small weight in there to put it over 6K. Based on the curb weight of the P85D (per Car and Driver), that’s about 500 pounds more, probably mostly due to those falcon wing doors.
Yeah, there is more car and more seats – those polarizing Falcon Doors, and any issues associated therewith, are most certainly negligible by comparison. Calculate in the extra weight of the 90 battery over the 85 battery, and the extra size of the cabin all the way around, and the doors don’t seem like they would be the reason for the weight difference. If your tax rate stayed the same or went down, you gain an advantage in deducting the entire cost in year 1. And while the price of a Tesla would seem to send one into the stratosphere of deductions, you would be setting yourself up for an audit for sure. As I stated in a post above, automobiles used in business are “listed property” under IRS regulations, which SEVERELY limits the depreciation deduction that can be taken on them. If a vehicle weighs over 6000 GVWR, the IRS does not define it as a passenger car, and is therefore NOT “listed property” and NOT subject to the severe limitations on depreciation on listed property. To explain it in simple English so that others understand…ANYTHING you use in your business that is supposed to last longer than a year is considered a depreciable item. Section 179 is all about taking a depreciable item and getting some, or all, of your money back in the year you placed the item in service. I took my show on the road, trying to teach things and repeatedly got the comment that they learned more from me in two HOURS than they had learned in two YEARS of practice management classes. I got screwed by the (private) financial planners when I was in the military, because I was setting aside lots of money when I was in a LOW tax bracket that I will never be in again. If the depreciation deductions for your automobile are reduced under the passenger automobile limits, you will have unrecovered basis in your automobile at the end of the recovery period. A passenger automobile is any four-wheeled vehicle made primarily for use on public streets, roads, and highways and rated at 6,000 pounds or less of unloaded gross vehicle weight. The passenger automobile limits are the maximum depreciation amounts you can deduct for a passenger automobile. You know what Sven, your discussion is thorough, and it may indeed be accurate- to SOME (or perhaps even major) extent. HOWEVER, if you did indeed work as a tax accountant, and I have my doubts, your previous discussion confirms my feelings that ‘experts’ are really nothing of the sort and do indeed end up getting so caught up in their own minutia that they are often WRONG about a great many things they think that they are ‘expert’ on. The first BLATANT example of the failings of your ‘expert’ advice came when you tried to CORRECT your own previously ERRANT information (and I guess we can all be glad that there is no undo button so you could fib about your mistake) about WHY and WHEN commuting miles were not allowed for deduction.
I also did mention previously that my CPA brother in law tried to get me to buy into a post office box as a way around the limitation. Knowing what you state about your time working as a tax accountant, THIS MAKES ME WANT TO VOMIT EVEN MORE!!!!
When I got out of the military and start collecting VA disability, I was told that this compensation was tax free. Moral of these stories…one of the reasons that there can be no ‘experts’ when it comes to taxes is that the agency in charge of this whole mess is just as confused as we are. Here is one more story about taxes at the state level that confirms my motto stated at the bottom of this comment.



Our first commercial space was rented and our landlord’s bill put sales tax on the entire amount. Sven’s SELF ADMITTED errors previously in this thread should be re-read by EVERYONE here and COMBINED with his statement that, ‘Many years ago I was a tax accountant in a Big 8 pubic accounting firm’.
There are a lot of bridges with a five ton weight limit on it were I live but they are being replaced. I’m really glad Tesla is using a loop hole that has helped put millions of giant low millage dino juice trucks on the road.
It would be funny if they ended up a few pounds short and then installed a few lead bricks in it (that you could remove easily) to get over the limit and claim the tax-credit. What better way to get that tax loophole repealed than to get Congressional Republicans to reverse their position on it because it now benefits an “enemy” vehicle?
The use of the 179 tax code for cars is completely dwarfed by the abuse that property developers do with this tax loophole. Since vehicles started to be mass produced, every automaker out there started using VIN codes (Vehicle Identification Number) on each of their cars. Usually, every manufacturer puts the VIN in very accessible locations so you can easily find it. OK, now that you have a general idea of what they mean, lets see what other combinations can be found in the string.
Now, what can I do if I know what these numbers mean?Well, first of all by reading the VIN and checking the rest of the components of a second hand car, you can tell if its the original build or it has been modified from the initial setup. Another important feature is that the VIN makes it harder for thieves to sell a stolen car.
Notice: Stay up to date with Nitto's Ridge Grappler - Sign up here to receive a free ChevroletForum banner decal! Note: This product is intended to provide a general description of the information generated by the entered vehicle's Vehicle Identification Number (VIN) and some pieces of data may be general to that specific model and not entirely accurate for the vehicle specified. Vin Plates and Hull Plates Published May 31, 2010 Machine Plates Online can make plates for cars, boats, trailers, tractors, or other machines you may be restoring. These plates can be used by restorers to replace plates that have been damaged or lost over time. Plates are made to meet legal requirements, however each state has different rules on what is required for vin plate replacement, and some may not allow replacements at all. We will NOT replicate plates for late model vehicles, so if you are a thief, please don’t waste your time, or ours.
I’m talking about questions like, “my car won’t start, I turn the key and get a clicking sound, there’s a squealing noise when I turn my wheels, my car dies, the lights come on on my dash, or my favorite; my headlights don’t turn on. In the old days, most switches actually switched power to the starter, headlights, windows, etc. No auto tech worth his pay will start diagnosing a problem without first checking the manufacturer’s service bulletins.
But in order to find the bulletin that relates to your problem, I’ve got to know the year, make, model AND which engine you have. I’ve seen people give the worst possible answers simply because they’re not aware of a factory service bulletin or a pattern failure. Basically, the deduction means that one doesn’t have to pay taxes on the $25,000 amount (a savings of up to ~$13,000). This rule applies to any 4-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, or highways, that is rated at more than 6,000 pounds gross vehicle weight and not more than 14,000 pounds gross vehicle weight. I wonder if Tesla had this in consideration when determining what to develop after the Model S. So if you own a business and buy this car, assuming you’re in a relatively high tax bracket, you get $7500 from Feds, $2500 rebate (in CA), and now up to $13K in a business write off.
I sure pay enough (>$100K) taxes on the w2 income and short and long term capital gains tax (those tesla options paid off sweet last year) and at least the investment income was mostly due to me being infatuated with the emerging technology and betting on it. A teacher not being reimbursed for classroom materials or a military reservist buying uniforms comes to mind. What this means is that the owner of a Model X owner who uses his vehicle for 50% to 100% for business can fully depreciate the vehicle over 5 years subject to the business use percentage, instead of being limited to the “listed property” depreciation limitations. I don’t think you will get thanked here much, as people here would rather hear the rosy but false info on the huge deductions for Model X. My CPA brother in law wasted hours trying to get me to buy into becoming a C Corporation (vs S Corp).
If you continue to use the automobile for business, you can deduct that unrecovered basis after the recovery period ends.
Every car has its unique number which is used for different purposes but mostly for keeping track of each one of them on the road. So you should check on the lower part of the windshield on the driver’s side where there should be a small window showing the VIN printed on the dash. They are usually used to show literally the unit’s number as it went out the assembly line.


Moreover, for a certain amount of cash, commercial services allow you to enter the VIN code and see the records on the respective car, which will show you how many owners it had as well as if it was stolen or crashed. It is the responsibility of the person ordering the plate to determine if your DOT will approve its use. You must tell us the size, hole placement, what text you want on the plate, in the order you want it. But the one thing that drives me crazy is when someone asks a car question but doesn’t give critical information like year, make, model, and engine. In many new cars with anti theft features, turning the ignition key to START just sends a signal to the main powertrain control module. So when you post a question like, “Why won’t my car start”, without giving us year, make, model, engine information, we just shake our heads and wonder what world you live in.
Here’s another example: long before GM admitted it had an ignition switch problem, mechanics starting seeing very unusual behavior in GM vehicles. Honestly, the most common problems already have been discovered by the manufacturer and they’ve come up with a solution. That’s when I see somebody write in a second or third time after spending hundreds on unnecessary parts. You’ll find in-depth information, technical service bulletins, code definitions and step-by-step tests, and easy-to-understand wiring diagrams, along with descriptions of how the systems work. If the car is purchased, the depreciation deduction is limited as follows: year 1 is $3,160, year 2 is $5,100, year 3 is $3,050, year 4 and ALL later years is $1,875. In other words, this means that for a $100,000 Model X used 100% for business use, the owner can take a $25,000 section 179 deduction in year one and also take depreciation deductions totaling $75,000 over five years, instead of $15,060 depreciation allowed over five years if the Model X was listed property. My software was largely unsuccessful because I gave people TOOLS, but it was necessary for them to learn things…and that was just too much to ask. If your car is older, the VIN can be found either on the sticker or plate on the inside of the driver’s side door or the frame sill, or the glove compartment, under the spare tire, on the engine block or stamped somewhere in the engine bay. If you are also a bit smarter and look at the whole picture the VIN provides, you can sometimes tell if the odometer has been rolled back or if it reached the maximum miles and started from zero again.
Simply meeting with a stranger, giving him the money and taking the car without having much of its history at hand will get you nowhere and if you manage to end up with a stolen car it will be a bit too late for the cops to catch the thief. If you are a restorer we will need to see an actual plate, or scanned image of a plate before we can determine if we can match it. They must think that every vehicle is designed, configured, wired, and plumbed exactly the same way. Before the PCM allows power to flow to the starter motor, it first has to check to make sure you’re using a legitimate key. All of this could drive the price down to about $50K, which is fairly reasonable for a high end SUV. That extra up to $60,000 in depreciation is the equally important part of the story not mentioned in the article above. If everything else fails, check the vehicle insurance or vehicle registration documents.What those letters and numbers mean?Here comes the tricky part as every letter and number in the VIN has a certain meaning depending on its position in the string.
In some anti theft systems, the checking mechanism is located inside the lock cylinder, while in others it’s located in a sensor around the lock cylinder. In fact, car and trucks differ so much from make to make that it’s nearly impossible to answer even the simplest question without knowing the year, make, model and engine. But after a while, shops began to see the pattern—the ignition switches were failing at random.
There’s a company that specializes in tracking these kinds of problems and they offer a subscription service to shops so the shops don’t waste time reinventing the wheel for a pattern failure. Still, in other cases they’ve discovered where a factory wiring harness is rubbing against another component and the fix involves moving the harness. And you need access to the latest technical service bulletins so you don’t waste time and money replacing parts that may misbehave due to a manufacturer’s software glitch. If the key passes the security test, the computer then checks to make sure the transmission is in Park or Neutral. Using the same “My car won’t start” question, I could give you a dozen reasons why it might not start based on general car info. That involves sending a digital message to the transmission control module TCM (if that particular model even has a transmission control module). But the second I know that you’ve got a late ‘90’s GM, I can tell you exactly what to check first. The BCM activates the relay by either providing ground or power to the relay control coil circuit.
THEN, once that relay is activated, power flows through the relay contacts and down to the starter solenoid.



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