Which business auto loan doesn't show up on personal credit?

[credit expert]

Hi guys,

 

I need your help!!! I leased a BMW from BMW financial under my business with personal guarantee and it doesnt appear on my personal credit. I also leased honda from honda financial under my business name with personal guarantee and that appeared on my personal credit.

 

So im trying to find out which auto lease companies i can use and it wont appear on my personal credit if i get it under my business credit. i would be applying with personal guarantee because my company is new. I dont want anymore auto loans under my company name because i already have 3 auto loans on my credit.

 

 

PLEASE HELP!!!! Trying get a car tomarrow

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[stroked89coupe]

Any loan or line of credit you are paying on that is pg'd will most likely report to personal at some time throughout the loan term. Find a non pg loan. The only one I know for sure is ford. And you have to find the right dealer.

[BLONDEinGV]

Any loan or line of credit you are paying on that is pg'd will most likely report to personal at some time throughout the loan term. Find a non pg loan. The only one I know for sure is ford. And you have to find the right dealer.

 

Hey Stroked -

 

Does it matter what dealer I go to if I send my app in directly to Ford Motor Credit first (DL the app from their website & fax it in)? If so, why does finding the right dealer matter? Also, how do you determine what makes a "good" dealer for this purpose? Thank you!

[googerz]

I have leased 4 BMW's under corporate since 2006 (I have to PG) and NEVER showed up on my CR. I have had up to 2 at one time with BMWFS. I have also had 1 under personal only, and it reported as normal to my CR.

I think Mini goes through BMWFS, so you could get lucky with that.

I have also done Mercedes and Porsche, and Mercedes didn't show up the first account (opened around 2007) and did on a more recent one in 2012. Porsche showed up on personal also.

I had a friend who did several Honda's with PG under corp, and they all showed up as co-signer on his personal CR.

 

I have inside knowledge that anything financed through Wells Fargo auto will show up IF PG'd (they do have non-PG program also, based on your business EQ report).

[brian18330]

Ally does not report.

[stroked89coupe]

Any loan or line of credit you are paying on that is pg'd will most likely report to personal at some time throughout the loan term. Find a non pg loan. The only one I know for sure is ford. And you have to find the right dealer.

 

Hey Stroked -

 

Does it matter what dealer I go to if I send my app in directly to Ford Motor Credit first (DL the app from their website & fax it in)? If so, why does finding the right dealer matter? Also, how do you determine what makes a "good" dealer for this purpose? Thank you!

 

 

I was refering to walking into a dealer and asking if they do non PG loans. Most I hear will say no and actually my local dealer said that. If you download the app and send it in as long as there is nothing that the dealer has to fill out then I would go that route. Thats what I meant.