[ribjig]

for Lucid Air Grand Touring?
its about 6K lbs or not for Section 179 & 100% business use;
(don't confuse GVWR with curb weight)
it should be on plaque, visible when driver's door open;
my nearest Lucid rep don't know, gawblimey...
thanks in advance...

also:
any chance of putting Lucid Air Grand Touring in service by 12/31/21??
again, for 2021 tax deduction qualification...

 

[Air Head]

Welcome @ribjig! I think @Ashoka8350 would be able to help you out with GVWR since he's already picked up his Air. Although that's a Dream Edition

When you say in service do you mean getting your car delivered?

 

[ribjig]

thanks for response;
how to reach @Ashoka8350 to ask?
(am not on twitter)
yes, must "use" vehicle by 12/31/21 11:59.59P to
qualify as 2021 tax deduction...

 

[dawktah LucidGT]

Would be nice to get section 179

 

[ribjig]

for some, absolutely necessary that GVWR be 6K+ lbs;
curb weight AFAIK is ~5000 lbs...?
capacity = 5 persons, figure 5 x 180 lbs = 400 lbs;
surely luggage weight limit > 200 lbs

GVWR is set by car companies without regulations
other than common sense...
but some handle it stupidly, IMO, e.g., Tesla S GVWR = 5995 lbs;
so who knows...

 

[Cyber3dx]

This is what I found regarding Section 179 as it relates to small vehicles purchased for business.

Small vehicles.
Millions of small businesses and solo business owners use small vehicles on a daily basis. These include passenger cars, crossovers, and small utility trucks. Small vehicles that weigh under 6,000 pounds have a Section 179 deduction limit of $10,100 in the first year they are used, and $18,100 with bonus depreciation.

If the vehicle is not used 100% of the time for business, the deduction allowance is reduced proportionately. For example, if a florist purchases a van that is used 50% for business purposes, the limit is $5,050 ($10,100 x .50).