Yes, the Standard Mileage Deduction includes a depreciation equivalent based on the number of business miles. If you claim Actual Expenses, you have some control over how the vehicle is depreciated.
Section 179 allows you to expense the entire purchase price (some limits apply) but does have a recapture rule if you sell the vehicle before it's fully depreciated or if business use drops below 50%. This deduction is optional.
Special Bonus Depreciation allows you to expense up to 80% of the vehicle value in the first year you use it more than 50% for your business. Special Depreciation is treated like regular depreciation if/when you sell the vehicle (taxed as ordinary income). You must decline to take this deduction, which then applies to all assets placed into service this year.
You can choose to take Section 179 for some or all of the purchase price (depending on the limits), then claim Special Depreciation for the balance (up to 80%). After that, regular depreciation would apply.
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