I have a 2 year old model 3. I have financing on it for another ~2.5 years. I have a small business and I legitamately use it for business. Due to it be financed the write-offs are not very good. Now that the rulles have changed I am wondering if it would be better to trade in the model 3 (can I even do that?) and get a model Y that has a better tax treatment. Maybe I would come out ahead and get a newer car? I am in a high tax bracket and get killed at the end of the year. I paid over $40k in tax in 2019.
Can anyone hepl me put numbers to this question?
Thanks
Can anyone hepl me put numbers to this question?
Thanks