[onewhippedpuppy]

Originally Posted by red-beard

I am sure that the tax laws don't work that way. You can buy the car, but you only get to depreciate it against income.

True. But you reduce your taxable income with the purchase expense. My wife (accountant) does all of the accounting for her parent's business, nearly every year they purchase a vehicle to reduce their tax burden. It works out well for them, they drive the vehicle for a few years then pass it along to the next teen driver (they have 10 kids). Therefore the cars are basically kept until they're ready for the junkyard. No real worries about depreciation if you never sell it.