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self employed folk... car loan question
Ok, I know alot of you are self employed. So maybe you all can help with this. Do you know of any companies that will do a loan to a business for a truck? I want to pick up a F250 diesel and take advantage of the tax credit. My bank doesn't do commercial car loans.
It is a 3 year old company, so I shouldn't have to do a personal guarantee. |
Ford Motor Credit does business loans on business vehicles.
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You should be fine, but you will probably have to personally guarantee the vehicle.
DH |
Yeah, I am just trying to avoid dealing with a personal credit check... I had a few not so great months...
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Your in Detroit, WTF ya can't find a deal on a car:)?
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Talk to the dealership they will help you do the deal if at all possible
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3 years in business doesnt mean anything. You have to have business credit. Search for Credit Forums.... There are good ones on business credit and how to build/get it.
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I have a pretty high D&B paydex.... I have an Amex corp gold card and Amex blue for business. A few good tradelines...
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what do you mean by in house paper? I can do as much as 50% up front
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it means the dealership itself will finance you but they'll want some downpayment for sure. |
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