Quote:
Originally posted by AcidMaX
1. What type of documentation do you have to keep for this? Mileage, gas receipts etc?
2. Doesn't the vehicle have to be used strictly for business? Or is it something the business is providing to you as a "perk".
3. How does the credit approval process work, same as a personal?
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1 - My accountant told me to just put everyong on the business - downpayment came out of the business account, monthly's will as well. Gas & anythign else goes onthe business credit card.
2 - Technically, yes.
3 - They put the vehicle in my name as President of my company, so they did the background check on my using my SS nubmer.