Second part of the new tax bill that effects vehicles are the depreciation rules. They have changed the Section 280F limits on depreciating passenger vehicles. The new law just about quadruples the Sec 280F limitations, so in the first year it’s $10,000, second year is $16,000, third year is $9,600 and the remaining years are $5,760. Plus you get an extra $8,000 in the first year for bonus depreciation. That’s a big change which will allow you to take your extra basis in the new vehicle and depreciate it sooner, often capturing that extra basis all in the first year as depreciation.