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-   -   self employed folk... car loan question (https://gfy.com/showthread.php?t=448455)

x86brandon 03-25-2005 08:20 PM

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.

JFPdude 03-25-2005 08:21 PM

Ford Motor Credit does business loans on business vehicles.

GTS Mark 03-25-2005 08:25 PM

You should be fine, but you will probably have to personally guarantee the vehicle.

DH

x86brandon 03-25-2005 08:28 PM

Yeah, I am just trying to avoid dealing with a personal credit check... I had a few not so great months...

AlienQ - BANNED FOR LIFE 03-25-2005 08:29 PM

Your in Detroit, WTF ya can't find a deal on a car:)?

hydro 03-25-2005 08:31 PM

www.CarLoansforall.com

Please fill out the form so i can get $50 Thx.

xclusive 03-25-2005 08:33 PM

Talk to the dealership they will help you do the deal if at all possible

detoxed 03-25-2005 08:34 PM

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.

x86brandon 03-25-2005 09:38 PM

I have a pretty high D&B paydex.... I have an Amex corp gold card and Amex blue for business. A few good tradelines...

the Shemp 03-25-2005 10:48 PM

Quote:

Originally Posted by haxorboi
I have a pretty high D&B paydex.... I have an Amex corp gold card and Amex blue for business. A few good tradelines...

lots of dealers carry in house paper, do you have some cash up front??

x86brandon 03-26-2005 08:58 AM

what do you mean by in house paper? I can do as much as 50% up front

detoxed 03-26-2005 09:01 AM

Quote:

Originally Posted by haxorboi
what do you mean by in house paper? I can do as much as 50% up front


it means the dealership itself will finance you but they'll want some downpayment for sure.


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