Motor Vehicles

Cars

These are motor vehicles which are designed to carry both:
-a load less than one tonne
-fewer than 9 passengers

Examples: sedan, SUV

Depreciation limits apply
2024 $68,108
2025 $69,674 (ATO link)

Other Vehicles

These are vehicles which ARE NOT designed principally to carry passengers
Examples: van, single cab ute

Depreciation limits DO NOT apply

Some vehicles i.e. dual cab utes can be either a Motor Vehcile or Car so the specifications need to be reviewed

If unsure as to what type of vehicle you are buying speak to your accountant BEFORE buying it