On: Ford lays off 700 who were building electric version of F-150

[alephnerd]

Some of those higher priced models are priced so business owners and the truck manufacturer can optimize for the Business Use Depreciation Deduction [0] [1] (and also convos with family friends)

[0] - https://turbotax.intuit.com/tax-tips/small-business-taxes/bu...

[1] - https://www.crestcapital.com/section-179-deduction-vehicle-l...

[JumpCrisscross → alephnerd]

Does § 179 look at price? I thought it's only based on weight.

[alephnerd → JumpCrisscross]

It's based on weight, but the $70k+ models tend to weigh around 10,000-14,000 LB

[itsyaboi → alephnerd]

Not even close.

[alephnerd → itsyaboi]

A new GMC Sierra Denali and mega cab RAM 3500 goes for around that much - though to be fair, it's often bought be people who either have more money than sense or (more commonly) by someone running a small business that requires lugging stuff (eg. Construction)

[itsyaboi → alephnerd]

Neither of those trucks weigh anywhere near the quoted weights. The average full size pickup is around 6000 pounds.

[alephnerd → itsyaboi]

A Megacab 3500 for both GMC and RAM is 16,000 LB, is covered by Section 179, and $70k+. They're also amazing workhogs.

[itsyaboi → alephnerd]

Ah, I see you're quoting the "every seat occupied, full load, with a trailer attached" weight. To be clear, the trucks you referenced weigh only ~7000 pounds.

[alephnerd → itsyaboi]

Yep! The Towing Capacity/Gross Vehicle Weight is the measurement used in Section 179, as this is primarily meant to help smaller construction companies and taxi companies, and they don't want people abusing it to buy a Ferrari or a Lamborghini and still deduct it as business expenses.