What about just lease it to the company? You pay the loan. You lease it to the company for more than the loan.
> On Sep 27, 2019, at 9:43 PM, Chuck McCown <ch...@wbmfg.com> wrote: > > 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
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