Not if you're leasing it through your LLC and writing it off as a business expense.
(I don't do this, I've only heard that it's a possibility. I have a step sister who leases on her own dime like a good goy)
You'd have to justify to the IRS that the vehicle was necessary for your business and that you only used it for business.
This is difficult to do unless you have a real business that is generating income and that you use your vehicle for.
Fuck the IRS.
I don't disagree, but unfortunately, Americans are cowards and can't do what needs to be done.
This makes sense if your net worth exceeds what it would have been had those payments gone toward equity.
Lmao car "equity"
Something of positive value is, indeed, better than one of negative. No, nobody is getting rich of of used cars as consumers go.
But market gonna market
https://finance.yahoo.com/news/used-car-prices-roof-might-110000814.html
I bought my current car last year for $22,500. I got a $4,502 Federal tax rebate for it. Today the trade-in value is $31,500.
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