Make: Rolls-Royce
Average New Price Tag: $550,000+
Typical Mileage Before Resale: 15,000 miles
The Rolls-Royce Phantom is the pinnacle of luxury, carrying a price tag that starts at $550,000. Most Phantom owners keep mileage low, around 15,000 miles, before upgrading to the next opulent ride. Interestingly, thanks to its substantial weight (over 6,000 pounds), the Phantom qualifies for a Section 179 tax deduction for business use.
Business owners can deduct up to $28,900 of its cost if used predominantly for work purposes. This high-end car offers more than just a lavish experience — it also gives business buyers a little break at tax time. A Rolls-Royce is more than a car; it’s an investment in prestige, and even Uncle Sam nods approvingly at this one!
Make: Bentley
Average New Price Tag: $250,000+
Typical Mileage Before Resale: 20,000 miles
The Bentley Continental GT is where luxury meets performance, with a starting price of $250,000. Owners typically drive it for about 20,000 miles before moving on to the next indulgence. Weighing in at over 5,000 pounds, the Continental GT qualifies for a Section 179 tax deduction, allowing business owners to write off up to $28,900 if the vehicle is used primarily for business purposes.
Its stunning design, paired with a roaring W12 engine, ensures the Continental GT isn’t just a tax-savvy purchase, but a thrilling one too. For the millionaire class, this Bentley offers the perfect combination of style, speed, and a little bonus come tax season. Who says luxury can’t be a smart business decision?
Make: BMW
Average New Price Tag: $110,000+
Typical Mileage Before Resale: 30,000 miles
The BMW 7 Series combines luxury, performance, and advanced technology with a starting price of around $110,000. Owners typically keep their 7 Series for about 30,000 miles before upgrading. If you're looking at the plug-in hybrid version, you can take advantage of federal tax credits, which could offer significant savings for eco-conscious buyers.
This executive sedan is perfect for those who want to arrive in style while also enjoying a bit of relief at tax time. With its elegant design and cutting-edge features, the 7 Series is ideal for the millionaire class seeking both refinement and a touch of environmental responsibility.
Make: Aston Martin
Average New Price Tag: $245,000+
Typical Mileage Before Resale: 12,000 miles
The Aston Martin DB12 is a stunning combination of elegance and high performance, with a starting price of around $245,000. Owners typically put about 12,000 miles on this beauty before moving on to their next thrill. Business owners may enjoy some tax benefits, as the DB12’s weight qualifies it for a Section 179 deduction, offering a potential write-off of up to $28,900 if used for business purposes.
With its powerful engine and sleek design, the DB12 is an enticing choice for those in the millionaire class looking to balance luxury with tax perks. Owning an Aston Martin isn’t just a status symbol — it’s also a smart move for those who appreciate the finer things, both on the road and in their tax returns.
Make: Mercedes-Benz
Average New Price Tag: $120,000+
Typical Mileage Before Resale: 25,000 miles
The Mercedes-Benz EQS redefines luxury in the electric vehicle world, with a starting price of around $120,000. Owners usually drive about 25,000 miles before upgrading to the latest in cutting-edge EV technology. For buyers of the EQS, federal tax credits for electric vehicles can significantly reduce the cost, making this eco-friendly luxury sedan an even smarter investment.
The EQS is all about sustainability without sacrificing an ounce of comfort or style. With its sleek design, impressive range, and whisper-quiet ride, it’s a favorite among the millionaire class who want to make an environmentally conscious choice without compromising on luxury. This is not just a green vehicle — it’s a green light for both indulgence and tax savings.
Make: Land Rover
Average New Price Tag: $110,000+
Typical Mileage Before Resale: 20,000 miles
The Range Rover is a hallmark of luxury SUVs, with a starting price of $110,000. Known for its ability to seamlessly handle both rugged terrain and city streets, most Range Rover owners log around 20,000 miles before trading in for the latest model. For business owners, the hefty weight of this SUV qualifies it for a Section 179 tax deduction, allowing for a write-off of up to $28,900 if the vehicle is primarily used for business purposes.
Combining premium comfort, off-road prowess, and a smart tax advantage, the Range Rover is a top pick for the millionaire class who need both style and functionality. It’s the ideal luxury ride for those who want to adventure in opulence while benefiting from business-related tax perks.
Make: Maserati
Average New Price Tag: $200,000+
Typical Mileage Before Resale: 15,000 miles
The Maserati GranCabrio Folgore is Maserati’s bold entry into the luxury electric convertible market, starting at $200,000. With a sleek design and electrifying performance, most owners enjoy around 15,000 miles before considering an upgrade. Since it's an electric vehicle, buyers can tap into federal tax credits, making this open-top stunner a financially smart choice for eco-conscious drivers.
The Folgore offers an exhilarating blend of sustainability and luxury without compromising on Maserati’s signature style. For the millionaire class, this convertible provides not just high-end thrills but also a chance to benefit from green tax incentives. With this car you can feel the wind in your hair and enjoy some tax relief at the same time.
Make: Ferrari
Average New Price Tag: $250,000+
Typical Mileage Before Resale: 10,000 miles
The Ferrari 488 GTB is a high-performance supercar with a starting price of $250,000. Owners usually part with their 488 GTB after around 10,000 miles, though every moment behind the wheel is nothing short of exhilarating. The 488 GTB can qualify for certain business deductions under Section 179 if used for business purposes, thanks to its weight.
This allows for a write-off of up to $28,900, giving business-minded owners a little financial relief. The 488 GTB is for those who want a pure, adrenaline-fueled experience with a side of tax benefits. For the millionaire class, this Ferrari is an investment in speed, prestige, and the occasional bonus come tax season.
Make: Lamborghini
Average New Price Tag: $280,000+
Typical Mileage Before Resale: 12,000 miles
The Lamborghini Temerario is a dazzling example of Italian supercar excellence, starting at $280,000. With its aggressive design and thunderous performance, most owners drive their Temerario for about 12,000 miles before upgrading to the next marvel. Due to its significant weight, it qualifies for a Section 179 tax deduction if used for business purposes, allowing for a write-off of up to $28,900.
This makes the Temerario not just a symbol of high-speed luxury but also a smart investment for those who can capitalize on its business use. For the millionaire class, owning a Lamborghini Temerario is about blending jaw-dropping style with savvy financial planning. This car doesn’t just turn heads; it might also give your tax return a little boost.
Make: Porsche
Average New Price Tag: $120,000+
Typical Mileage Before Resale: 30,000 miles
The Porsche 911 is a timeless classic in the sports car world, with a starting price of around $120,000. Owners generally drive their 911 for about 30,000 miles before considering a change. While the 911 doesn’t qualify for specific personal tax credits, its strong resale value and performance make it a smart purchase.
For business owners, however, it may qualify for a Section 179 deduction if used for business purposes, offering a potential write-off of up to $28,900. The Porsche 911 combines performance with practicality, making it a favorite among the millionaire class who appreciate both high-speed thrills and a savvy approach to tax savings. It’s a car that delivers on and off the track, and at tax time, it might just give you a pleasant surprise.
