I guess it depends on your relationship with your banker. I typically deal with a line of credit if I need financing. So you gotta give them a hundred pages of financials and the financials of your shareholders etc. Tons of paper and then they deem you worth of having a line of credit to purchase whatever you want to purchase.
Alternately, you could try to find a friendly car lot, have them flip it to your company with a note. I guess you gotta first decide who is going to provide the financing and then get them happy with whatever they need to be happy. From: Sterling Jacobson Sent: Friday, September 27, 2019 6:44 PM To: AnimalFarm Microwave Users Group Subject: Re: [AFMUG] Auto Business Loan Yes, I guess that is what I’m getting at. So my next question is, how hard is it to get a commercial car loan for the first time? From: AF <af-boun...@af.afmug.com> On Behalf Of Chuck McCown Sent: Friday, September 27, 2019 6:29 PM To: AnimalFarm Microwave Users Group <af@af.afmug.com> Subject: Re: [AFMUG] Auto Business Loan Just sell it. Get the commercial loan in place and just buy it from yourself. Obviously you will have to pay more than what is owed. Sent from my iPhone On Sep 27, 2019, at 6:06 PM, Sterling Jacobson <sterl...@avative.net> wrote: I have a personal F150 truck that I want to refinance into my company. Is that possible? I carry the loan through a local credit union. But I would like to start having some asset tangible on the company account. -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com -------------------------------------------------------------------------------- -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
-- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
