How To Buy A Car In Your Business Name NO PG!!
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- Опубліковано 27 сер 2024
- A step by step guide to buying a car in your business name with NO PG.
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![How To Lease A Car In Your Business Name [STEP-BY-STEP]](http://i.ytimg.com/vi/e29z4IU4EZo/mqdefault.jpg)
![How To Lease A Car In Your Business Name [STEP-BY-STEP]](/img/tr.png)
Finally someone who actually SHOWS you how to finance a vehicle in your business name; instead of just saying “you need to start a business & establish business credit” 🤦🏽 thank you 🙌🏽
EXACTLY cus never even did it just take what they hear in another video
Right
This is my fifth video😂Real Talk. They all saying build your Business Credit. Im like though
Yes!!!
Right
finally someone who actually explains it and doesn’t run around in circles saying “build ur credit and get a llc”!!!!
Watch out guys. I wish it was as simple as this but it’s not. She is right most places WILL deny you. I just got denied because every application asks for revenue or how much your company has already made. My LLC is only 5 months old which isnt good either. I opted for running on my personal and callin it a day. Mind you insurance prices are THRU THE ROOF as well. They are making it WAY too hard out there with interests and costs. I got a 2023 corolla LE with monthly payments with insurance (full coverage) to be round 700-800 month. It really is tough out here, good luck tho guys, god bless all of you in your journeys.
Sis Thank You. Everybody on UA-cam is dragging it. This is what I needed
this is perfect intel. I need a car for when I'm driving around looking for real estate deals. this will help build business credit for sure
Definitely!
😂💙definitely got me with the rentem spoons I instantly knew I wanted to see more videos and I subscribed
I appreciate you for being short and concise. Very well done video
Easy.. notes... and straight to the point. I think i found my new credit home.. lol
subscribed
i love UA-cam channels that get str8 to the point
Yes finally a good breakdown.
You are awesome! Thank you so much for the information and your hard work!
Thanks for your knowledge! Keep going hard.
I Like Your Intelligence and Voice ❤
Thank you that was easy! you know your stuff girl!!
New sub! Appreciate the info, I'm glad you're on YT
Solid guidance. Thank you‼️
Straight to the point!! I love it!
I greatly enjoyed your video and your presentation. You’ve earned a new sub. Cheers from AZ
Such great info. Thank you!
Thanks love
Good info, straight to the point.
I just started my LLC because I was hired as in independent contractor for a pharmacy delivery buisness and they required I have an LLC. I applied on The IRS website and received my ein number. I will be using my car 100% for my business. What would be the best thing I should do right now to get to the point of being approved for a car loan.
If you are trying to start a Turo business and don't have any revenue yet how can you show that to get the loan with out using a PG
Thank you for the video. Do they do anything to confirm business revenue or is it just checking your business credit profile?
If all your info is the same across the board and you have a strong experian /duns score no docs needed
Thank you for the details
Praise God
amazing truth 🙏🏾💯💚
Thank you 🙏🏽🙏🏽
Liked and subscribed.
can we do this even if we just created the business a month ago?
Now let’s say I need a PG can I have someone come-sign that’s got good credit but their name isn’t on the business anywhere?
Can a relative be a personal guarantor ?
I’m currently renting a vehicle for my daily operations costing me upwards of $3k monthly (not including commercial insurance nor fuel). My business has decent cash flow for a start up (avg $6k monthly started Aug 22) but not profitable due to high overhead from rental. Buying a fleet would honestly be my cheapest option and free up cash flow but I’m literally stuck at this moment.
Please help ?
Big fan by the way! Thank you for your time and information
@Divante, a personal guarantee is just what it says, personal. So another person can’t necessarily personally guarantee for you, but if they are a co-owner of your business they can definitely co-sign the loan with you and personal guarantee in their behalf. So essentially you co-owners/partners who are both personally guaranteeing the loan that you both are co-signing for.
Thank you for the useful information! My relative definitely doesn’t want me to make them a business partner but it makes perfect sense. Is there any other options you would recommend given the experience You have ?
@@divantewright3583 There is a possibility that your relative can co-sign the business loan and not be a co-owner. They would be considered an investor. I would definitely call Ally and see if this is a possibility.
You can have them add you to their credit card accounts as an a/u. if in good standing. As an authorized user and your credit score will mirror the profile they are letting you piggyback
... ^_^
Great
Does this work for commercial vehicles for example sprinter van?
When you say 5-6 accounts reporting to duns/brad & Experian, do you mean 5-6 separate credit cards for each one?( Making it 10-12 credit cards)?
Ight so how about this. A 1yr old business, consistant income in a checkings acct with $10k. DnB score 70, Business Experian is 50, business Equifax 400… is it possible to get a car in ya business name WITH them checking your score???
Paydex must be 80 or higher.
thats still a pg lol didnt know about ally tho thanks
i heard no pg loans has higher interest rates. is that true?
Nice
Can I get with fresh LLC
How long do i have to be in business
How long do you have to have your LLC to apply for car loan?
I have hear that is for 2 years
You can have a brand new LLC with Ally.
@@brianmoore3063 thanks for the info!
N😂❤intro lol 🛎️😂🙌👍new friend
I heard that as of August 1 2022 that Ally no longer allows you to purchase a vehicle with EIN only. Now you are required to do a PG
I haven’t heard that, but they are still offering the NO PG option for businesses that qualify.
Just got approved through Ally w/o PG!!!
@@ReactionswithA THAT'S WHAT'S UP!!!! YES!!! What vehicle did you get?
@@Tyreese.dot.me. Thank you. BMW X3
Will they ask for money down?
Hey I recently started an llc about 4 months ago and in need of business credit. I am a non us citizen and have no prior business payments. Can u help?
Great! Congrats on your new LLC good luck 🍀 I had my LLC too almost 2 yrs and have my business credit on track
Congrats on starting your LLC. You definitely want to make sure your business is set up correctly. I go over that step by step in this video: ua-cam.com/video/mw8CAGZ0L14/v-deo.html
Thank u
Not true
I have a vehicle financed with my Business Credit, however now I need to trade it in! I want a newer model vehicle and mine was a 2008. Still owe on it. Should applying still work the same way? My Credit Union didn't approve me, plus since I have a personal account with them, they pulled my personal credit. Gave them different phone number, address and they still asked for my first and last name. As a person some still want your SSN#.
Hi, I’ve just started a legit retail business with everything in order to open in the next 2 months. I’m ready to apply for funding, however I don’t have much person credit history to go off of. Can you point me in the right direction?
❤❤
Renta spoon.
What is PG lol sorry new guy
personal guarantee
There’s a much easier way to do this! This video is way too complicated.
Please share your video so we can all get the shortcut! 😊