Financing a Commercial Vehicle

[City Guy997S]

Originally Posted by usafracer

Here is what I have done in the past. Buy the truck as a personall vehicle then do up a contract renting it to the business for the same ammount as the payment.

Except if you get into a wreck you just exposed yourself personally for a business truck accident.....

Lawyers will want the owner of the vehicle's assets (YOURS)

[Jamesatalah]

Hi there
Do you refinance Comercial vehicle

[azsportpilot]

just finance it as a personal vehicle.......... 1.9% apr.... well maybe 5-6% for an 06 like you are looking at

on that point it may be wise to look at newer models, often older ones are only a good deal if you have cash

the newer higher priced ones are usually less $ per month due to lower rates and longer terms

[Northeaster]

Originally Posted by usafracer

Here is what I have done in the past. Buy the truck as a personall vehicle then do up a contract renting it to the business for the same ammount as the payment.

Yep, good accounting can make it even better in the long run.