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Updated almost 5 years ago on . Most recent reply

Joe S.'s profile image
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Joe S.
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Joe S.
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Personal Finance

Buying a car with my LLC

Joe S.
#5 Investor Mindset Contributor
  • Investor
  • San Antonio
Posted

I'm interested in securing an auto loan through my LLC. I have good credit, but don't want an auto loan on my personal credit.
Has anyone had experience with this? 

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    Christopher Lombardi
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    Christopher Lombardi
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    Christopher Lombardi
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    Replied

    @Joe S. Yes you can put it in your business name. You need to apply for a corpcode and once you have that you can move forward with buying it in your company. Keep in mind, insurance is much higher if it's in the LLC.

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