How To Buy A Car For A Business May 2026

If you decide to buy, you can secure financing through traditional banks or specialized commercial lenders.

To qualify for any Section 179 deduction, the vehicle must be used for business purposes more than 50% of the time .

You can often deduct 100% of the purchase price in year one . This includes full-size trucks like the Ford F-150 and large SUVs like the Chevrolet Silverado . how to buy a car for a business

For 2026, bonus depreciation is scheduled at 20% after applying Section 179 limits, though some specific "heavy" vehicles may still qualify for 100% bonus depreciation under certain legislative rules . 2. Choose Your Acquisition Strategy: Buy vs. Lease

Mileage restrictions and you don't own the asset at the end . 3. Financing the Purchase If you decide to buy, you can secure

Full ownership, builds equity, no mileage limits, and unlocks the largest Section 179 deductions . Cons: Higher upfront costs and monthly payments . Leasing:

Lower monthly payments, easier to upgrade to newer tech every 2–3 years, and simpler tax deduction of monthly lease payments as a business expense . This includes full-size trucks like the Ford F-150

In 2026, the Section 179 deduction allows businesses to immediately expense the cost of qualifying vehicles rather than depreciating them over several years.