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Buying a truck question

Discussion in 'Ask An Owner Operator' started by PALOU, Oct 10, 2015.

  1. Oct 10, 2015 #1
    PALOU

    PALOU Light Load Member

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    I'm trying to buy my first truck as o/o
    should I buy it under my name or my company name ?
     
    PALOU, Oct 10, 2015
    PALOU, Oct 10, 2015
    #1
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  3. Oct 10, 2015 #2
    77fib77

    77fib77 Road Train Member

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    You mean form an LLC? My understanding is you can buy it now, and when you title it can be in the LLC or your own name.
     
    77fib77, Oct 10, 2015
    77fib77, Oct 10, 2015
    #2
  4. Oct 10, 2015 #3
    DUNE-T

    DUNE-T Road Train Member

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    Does not matter really
     
    DUNE-T, Oct 10, 2015
    DUNE-T, Oct 10, 2015
    #3
    blairandgretchen and Old Man Thank this.
  5. Oct 10, 2015 #4
    jbatmick

    jbatmick Road Train Member

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    Ask your accountant. He is paid to advise you.
     
    jbatmick, Oct 10, 2015
    jbatmick, Oct 10, 2015
    #4
  7. Oct 10, 2015 #5
    truckon

    truckon Swamp Thing

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    Might not have an account yet as hes just now buying a truck.
     
    truckon, Oct 10, 2015
    truckon, Oct 10, 2015
    #5
    PALOU Thanks this.
  8. Oct 11, 2015 #6
    Dnn

    Dnn Bobtail Member

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    Feb 19, 2015
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    If you buy it under your name can you lease it on your LLC?
     
    Dnn, Oct 11, 2015
    Dnn, Oct 11, 2015
    #6
  9. Oct 11, 2015 #7
    Ruthless

    Ruthless Road Train Member

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    The City.
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    That'd defeat the purpose of having an LLC.
     
    Ruthless, Oct 11, 2015
    Ruthless, Oct 11, 2015
    #7
    CanadianVaquero Thanks this.
  10. Oct 12, 2015 #8
    Dnn

    Dnn Bobtail Member

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    Feb 19, 2015
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    Are there any benifits to this for example, being able to take the truck off of your insurance if it is down or you don't have a driver
     
    Dnn, Oct 12, 2015
    Dnn, Oct 12, 2015
    #8
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