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Updated 3 months ago on . Most recent reply

User Stats

150
Posts
26
Votes
Faysal Alam
  • Real Estate Agent
  • New York City, NY
26
Votes |
150
Posts

Refinance a car under llc to reduce DTI

Faysal Alam
  • Real Estate Agent
  • New York City, NY
Posted

What banks or credit union can I use to refinance a car under my LLC name , my car is a 2023 Tesla model y performance , I owe $42,500 on the car , I'm looking to refinance the car under my business , my business was established 03/2023 . So less than 2 years . I am in New York City , I use the car for my rideshare business , I have no problem personally guaranteeing the car, I'm just looking to get it off my personal name so I can improve my debt to income ratio on my personal side . Please help !!

Most Popular Reply

User Stats

136
Posts
51
Votes
Ryan Konen
  • Real Estate Agent
  • Tooele, Salt Lake City UT
51
Votes |
136
Posts
Ryan Konen
  • Real Estate Agent
  • Tooele, Salt Lake City UT
Replied

To refinance your Tesla under your LLC, consider lenders like Ally Bank, Taycor Financial, or National Funding, which offer business vehicle loans and may work with newer businesses if you provide a personal guarantee.

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