Book loss of value due to daily admission correctly for tax purposes

A new car has a significant loss of value

• Almost everyone who wants to buy a new car wonders why one of them is actually depreciating Vehicle must be over 24% in the first year, with some special models even 1/3 of the Purchase price? Since practically every person who has worked in the production of a vehicle also wants to earn money, the prices for the new vehicles are extremely high. This ranges from the skilled workers in the individual manufacturing phases to company deliveries and wholesalers to on-site car salesmen. In addition, the entire development costs as well as the manufacturing costs have to be paid for.

• Buy your vehicle directly from the manufacturer and benefit from the fact that the tax rate is not as high as in Germany. But you have the disadvantage that customs also require import tax. Although this total price is still not as high as if you were to buy the car in Germany, the price is still very high.
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• The cheapest new cars of the same brand are still the re-imports, which are first exported to other European countries and then come back to the domestic German dealer. You do not have to pay any customs duties for this and you have your new car much cheaper than it is within Germany.

You can save a lot of money with a daily admission

• Very often you can read the special magazines that you visit purchase a reimported vehicle with daily registration can save 15% and more of the conventional purchase price. This is simply because these vehicles are already considerably cheaper than at the local car dealership due to the re-import. Furthermore, a daily registration also means that your new vehicle is no longer a new car, although this vehicle has not yet driven a kilometer. As a result, the loss in value of the vehicle was included in the sales price.

• For the tax depreciation Depreciation (depreciation for wear and tear) you can write off your company vehicle in two different ways, whereby tax depreciation is not possible for the same year. With straight-line depreciation, you divide the total purchase price by 6 and always deduct the same amount over the next six years. There is also the straight-line depreciation method. In the first year, you write off 15% of the purchase price immediately, but only divide the remaining amount by the remaining five years and then deduct 1/5 of the remaining amount every year. When filing your tax return, enter the corresponding sums in the column for extraordinary expenses and refer to the contract number in the row.


New car: Depreciation in the first year - this is how you calculate it

A first year after the new registration is always a year with the largest ...