Any good "financial / Tax / CPA" guys out there???

Question:

Is it worth picking up a new vehicle "for business" use so I can claim the depreciation?

Background:

-Have an outside sales "part-time" that I did last year and this year. Possible I will not be doing this same job next year.
-Job is definitely a great part-time job, but with that comes taxes I have to pay (commission sales only / no taxes taken out)
-Am looking at replacing my Tacoma or our CRV with a new Tacoma or a 4Runner.
-Looking to make the most of my excuse for paying less taxes
-Possibly looking for a good excuse or reason for buying the car now rather than next year and not being able to claim.

Thanks...

 

I'm not a CPA. It will save you money on taxes but there's a trade off. If you depreciate it, it will be a capital gain when you sell it (depreciation recapture is the term). So say the allowed time to depreciate a vehicle is 5 years and you can write off 1/5 the cost every year (I don't know what the allowable depreciation rate is). At the end of 5 years you will have depreciated it all so it's book value will be 0. If you turned around and sold it for $15,000 at the end of 5 years, that's $15K of capital gains you have to declare. Part of it will be at the capital gain rate and part will be at the depreciation recapture rate of 25%.

http://taxes.about.com/od/capitalgains/qt/recapture.htm