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Will1901
Level 2
posted
‎September 20, 2020 07:08 PM
last updated ‎September 20, 2020 7:08 PM

Is it possible to have business take over loan payments of personal vehicle?

I am purchasing a truck for my business (sole LLC). Due to the business having zero credit history, I took the loan out under my name. Is it possible to have the business make the payments? Am I able to add the truck to the business as an asset?

Thanks,
Will

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2 Comments 2
Will1901
Level 2
‎September 21, 2020 06:23 AM

Is it possible to have business take over loan payments of personal vehicle?

I would also like for the company to pay for the down payment, is this all possible and if so how would I record it?

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Will1901
Level 2
‎September 22, 2020 07:31 PM

Is it possible to have business take over loan payments of personal vehicle?

bump

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