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Duramax8832
10-06-2006, 11:41 AM
Right now one of my trucks is registered to me personally and is not registered commercial. I would like to start using it for the business, the catch is Capital One Financing will not finance a comercial vehcle..What i need to know is, who will refinance a commercial vehicle?

lawnMaster5000
10-06-2006, 07:51 PM
See chapter 4 of this document.

From what I understand your vehicle does not need to be licensed "Commercial" in order to use it for business.

I know mine is not.

http://www.irs.gov/pub/irs-pdf/p463.pdf



Edit:
If you are not licensed commercial then you dont have to have commercial financing. Dont tell Cap One what you use the truck for.