Using super simplified numbers, and for simplicity if we say it was 100% business use and 27,000 business miles every year:
Actual Expenses:
Year 1: Total deduction of $22,000
Year 2, 3, 4 and 5: Total deduction of $5,000 per year
Year 6 and after: Total deduction of $4,000 per year
Standard Mileage Rate: $15,000 deduction EVERY year
Again, this is just a super simplified example, but it shows how the Standard Mileage Rate can be very beneficial for vehicle with high business miles.
