can i deduct the cost of a car and take standard mileage
If your vehicle is provided by your employer, you can deduct the unreimbursed expenses you paid during the use of the vehicle â but you cannot claim the standard mileage rate. There are special rules governing deducting car loan interest.
For a car you lease, you must use the standard mileage rate method for the entire lease period (including renewals) if you choose the standard mileage rate. To use the actual expense method, you must determine what it actually costs to operate the car for the portion of the overall use of the car that is business use.