Avoid Costly Mistakes! Business Vehicle Purchase Dos and Don'ts

Are you considering buying a vehicle for your business? 🚗 Making the right choices in this decision can have a significant impact on your bottom line. In this video, we're here to guide you through the essential do's and don'ts of purchasing a vehicle under your business.

Join us as we explore the key factors to consider when acquiring a business vehicle, from tax benefits and financing options to maintenance and insurance. We'll share insider tips to help you make informed decisions that maximize your return on investment while avoiding costly pitfalls.

Whether you're a small business owner or an entrepreneur looking to expand your fleet, this video is a must-watch. Make sure to take notes and steer your business in the right direction when it comes to vehicle purchases!

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[JeriHall-hi]

I finally tried to get a vehicle using EIN only with Audi and they had no problem. However. once they sent over the details about the cars value, etc the form said no money down BUT first payment due at signing. I then asked would it be open ended or closed and they went silent. Should I have not asked that considering it wasn’t the lender? Lastly, do I put any information that’s separate from the business? As in employment, income, etc? I do know it takes money to make money. However, when you’re in survival mode I can’t see past today and I desperately want change. Please advise 😊

[BrownsQualityLawnCareLLC]

Good stuff....I've been watching this content like crazy

[joycehall]

What if I already register my business under my personal address and purchase a cooperate address. Is there anyway to change that with the irs and Secretary of State?

[LaToyaBurdiss]

If I did everything incorrectly when establishing my business including listing my home address. Is it best to start from scratch and create a new business rather than request changes with the IRS and state?

[kingzreacts]

I know you teach there are five tears of business credit. At what year would a new LLC be ready to go and get a car no PG

[ttaylor]

Setting up a consultation call with you for next week Coach P! I definitely need your advice and I have been doing my research on you! Very impressed and can’t wait to receive your help/feedback🙏🏾

[Glogb_records]

I want to pay with cash and plus Ill have 628 I was at 647 I want down u think if I use my business name on giving me a car but let me is that good or bad let me know 😮💯⭐🙌🏽👍🏽

[modernhippeegoddess]

Yes, going in a dealership is a big waste of time! I went to Honda and they told me they dont do EIN without PG and it has to be in business minimum 5 years ! I need to have my stuff looking like yours, I am giving up for a car in my LLC for now...

[Eric-bbtu]

U would use the bank contact name for what & where will i put the banker name? (Application or)

[lbssugar]

Okay so question #1
Does it matter how long your business account has to be open for you to be approved?
Q#2 So with doing this with the ein ..if approved what determines how high your interest rate will be (i desire low mthly payments)?
Q#3 Can you do the same ein strategy with leasing a building? If so do you have any vidz/info on that?

[ShanikaPerkins-gm]

Hi I have a question if I just have a Experian score and no paydex score yet. Do I need to wait for that to report before moving to Tier 2. I have Nav and uline

[AreteLuxeLife]

Do you have a top 3 list of dealerships that we can apply for the business vehicle? And 2. Do they require a down payment?

[kalenaharif]

@bossesbuildbusinesscredit… Started business in Aug. used ipostal… found you and changed it to a local corporate office address. It’s been about a month but my old address is on directories when I Google it. I’m starting to reach out and ask that they update it. Is there anything else you’d suggest to have the new address show up? I haven’t tried to apply for anything just yet bc I want to do it right.

I intend to pay for your assessment!! Thank you for all you share!!

[spicesbizarrefuntreats]

are there more more pros to getting a company vehicle ? because I read you may end up paying more for it than a personal car and the insurance.

[Girlcourier]

I was juat speaking about this listening to everyone!