Difference between revisions of "Buy a Car Under a Business Name"

In the world of business, people and companies are two separate entities that don't necessarily need to be connected. In the United States, it is possible to get a car loan under a business name without ever giving out your social security number. Commercial vehicle loans are given based on the credibility of a business entity, not the creditworthiness of a person. The process of how to buy a car under a business name can be accomplished after a company becomes established, which can take approximately 2 years.

In the world of business, people and companies are two separate entities that don't necessarily need to be connected. In the United States, it is possible to get a car loan under a business name without ever giving out your social security number. Commercial vehicle loans are given based on the credibility of a business entity, not the creditworthiness of a person. The process of how to buy a car under a business name can be accomplished after a company becomes established, which can take approximately 2 years.

== Steps ==

== Steps ==

# Establish business credit that is tied to an employer ID number (EIN). EINs can be obtained by filling out IRS form SS-4, which is available on the IRS website. Contact business credit bureaus such as Experian and Dun & Bradstreet (D&B) to inform them of your company's existence so that a business file will be opened on behalf of your company. Business lenders will be checking your business credit file before they extend credit to your company.

# Establish business credit that is tied to an employer ID number (EIN). EINs can be obtained by filling out IRS form SS-4, which is available on the IRS website. Contact business credit bureaus such as Experian and Dun & Bradstreet (D&B) to inform them of your company's existence so that a business file will be opened on behalf of your company. Business lenders will be checking your business credit file before they extend credit to your company.