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Updated over 7 years ago on . Most recent reply

Niko Crowley's profile image
Niko Crowley's profile image
Niko Crowley
  • from Haverhill, Massachusetts
  • Member since Nov 20, 2017
Connect

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6
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1
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Niko Crowley's profile image
Niko Crowley's profile image
Niko Crowley
  • from Haverhill, Massachusetts
  • Member since Nov 20, 2017
Connect
Niko Crowley
  • Haverhill, Massachusetts
1
Votes |
6
Posts
General Landlording & Rental Properties

Buying a vehicle under an LLC

Niko Crowley
  • Haverhill, Massachusetts
Posted

Hi All,

I have been told that I would have to guarantee an auto loan if I bought a new vehicle under my LLC. Will the debt go against me personally if I am the guarantor? I am in need of a truck as I now own multiple properties and manage them but I do not want to acquire more debt and negatively impact my DTI. Can anyone share any creative ways to do this? Appreciate your help!

Niko

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