Supercab or Supercrew?????

[Crosstx]

If it was my only truck then yes i would go for the room in the SCREW. Since i have a roomy F250 crew cab i went for the SCAB for looks and performance. I love my scab. Didnt buy it for a back seat.

 

[Irrex]

i bought the super crew. my friend has the scab and the only thing that is left to be desired is the extra space. in my case i have a family and sometimes i need to carry more than two people, but the raptor is already an awesome performance truck and the extra towing is great. what not many people know is the 0-60 time on the supercrew is actually .2 seconds faster for some reason. and
READ THIS IMPORTANT***
i was able to write off my supercrew because it is over 6000 pounds. Thankyou Obama haha

 

[Ruger]

Irrex,
How did you write off your truck? According to Ford's Technical Specification Sheet (go to 2011 FORD F-150 SVT RAPTOR | Ford Motor Company Newsroom), both the SuperCab and the SuperCrew weigh over 6000 lbs. The SuperCab is listed at 6,006 pounds, and the SuperCrew at 6,200 pounds. Please share your tax secret and you will be elevated to near-diety status here!

 

[Irrex]

well since i own a business, i am able to write off 100 percent of the ford raptor. this may only be done if it is used for over 50% work travel according to revenue section 179 . how the government knows where you drive is beyond me. It i basically a loophole meant to help farm workers and landscaping businesses, but it applies to any car or truck over 6,000 pounds. i didnt even know about until after i purchased the raptor my accountant let me know the good news. i think if you dont have a business you may be only allowed to write off 25,000. so paying 150 dollars to fill up your tank is a little less brutal.

 

[Ruger]

Thanks, Irrex, that's mighty interesting. I'll follow up with my tax guy.

 

[iceman302]

well since i own a business, i am able to write off 100 percent of the ford raptor. this may only be done if it is used for over 50% work travel according to revenue section 179 . how the government knows where you drive is beyond me. It i basically a loophole meant to help farm workers and landscaping businesses, but it applies to any car or truck over 6,000 pounds. i didnt even know about until after i purchased the raptor my accountant let me know the good news. i think if you dont have a business you may be only allowed to write off 25,000. so paying 150 dollars to fill up your tank is a little less brutal.

Thanks, Irrex, that's mighty interesting. I'll follow up with my tax guy.

Not to rain on the tax write off parade, but it sounds like the bed is too short (less than 6 feet) for the Raptor to qualify for a full deduction under Section 179 (and maybe not at all).

Business Vehicles - Section 179 Deductions | Section179.org

Vehicles and Section 179
One of the more popular uses of the Section 179 Deduction has been for vehicles. In fact, several years ago the Section 179 deduction was sometimes referred to as the “Hummer Tax Loophole”, because at the time it allowed businesses to buy large SUV’s and write them off. While this particular use (or abuse) of the tax code has been modified with the limits explained below, it is still true that Section 179 can be advantageous in buying vehicles for your business.

Vehicles used in your business qualify - but certain passenger vehicles have a total depreciation deduction limitation of $11,060, while other vehicles that by their nature are not likely to be used more than a minimal amount for personal purposes qualify for full Section 179 deduction. Here are the general guidelines for using the Section 179 Deduction for vehicle purchases (full policy statement available at: IRS.gov )

Update / IRS Guidelines for Vehicles in 2011

The IRS will release guidance concerning Section 179 and Bonus Depreciation as it relates to vehicles for the year 2011. The guidance will be published in the Internal Revenue Bulletin in early 2011 (probably after April 15th to avoid confusion). So be patient, and check back here often for the release date.

There are a number of qualifications for vehicles, all with varying tax treatment - please refer to page 6 of these Instructions for Form 2106 to read the exact IRS language.

What are the limits on Typical Passenger Vehicles?
For passenger vehicles, trucks, and vans (not meeting the guidelines below) that are used more than 50% in a qualified business use, the total deduction for depreciation including both the Section 179 expense deduction as well as Bonus Depreciation is limited to $11,060 for cars and $11,160 for trucks and vans.



Exceptions include the following vehicles:



• Ambulance or hearse used specifically in your business;



• Taxis, transport vans, and other vehicle used to specifically transport people or property for hire;



• Qualified non-personal use vehicles specifically modified for business (i.e. van without seating behind driver, permanent shelving installed, and exterior painted with company’s name)



Limits for SUVs or Crossover Vehicles with GVWR above 6,000lbs
Certain vehicles - with a gross vehicle weight rating above 6,000 lbs but no more than 14,000 lbs - qualify for expensing up to $25,000 if the vehicle is financed and placed in service prior to Dec 31st and meets other conditions.



What Vehicles Qualify for the full Section 179 Deduction?
Many vehicles that by their nature are not likely to be used for personal purposes qualify for full Section 179 deduction including the following vehicles:

Heavy “non-SUV” vehicles with a cargo area at least six feet in interior length (this area must not be easily accessible from the passenger area.) To give an example, many pickups with full-sized cargo beds will qualify (although some "extended cab" pickups may have beds that are too small to qualify.)

Vehicles that can seat nine-plus passengers behind the driver's seat (i.e.: Hotel / Airport shuttle vans, etc.)

Vehicles with: (1) a fully-enclosed driver's compartment / cargo area, (2) no seating at all behind the driver's seat, and (3) no body section protruding more than 30 inches ahead of the leading edge of the windshield. In other words, a classic cargo van.


Other Considerations
Vehicles can be new or used (“new to you” is the key.)

The vehicle can be financed with certain leases and loans, or bought outright.

The vehicle in question must also be used for business at least 50% of the time - and these depreciation limits are reduced by the corresponding % of personal use if the vehicle is used for business less than 100% of the time.

Remember, you can only claim Section 179 in the tax year that the vehicle is "placed in service" - meaning when the vehicle is ready and available - even if you're not using the vehicle. Further, a vehicle first used for personal purposes doesn't qualify in a later year if its purpose changes to business.

 

[Ruger]

Had a feeling it might be too good to be true. Thank you, iceman.

 

[Raptizzle]

Why do I get the impression Iceman is a CPA or something comparable!?!?!

 

[debate]

SCrew

I think the SCrews have a heavier frame than the SCabs. Might be less likely to bend.

 

[dataustin]

Bummer!