Does anyone have experience with US Bank leases for a company car doing PG? Does it report on the personal side?
As an FYI (do not take my word for it as things can change)
I’ve done BMWFS and GMFS through the company as a PG and they did not report to my personal side.
Any other banks that don’t report on the personal side? Would be nice to compile a list.
GM financial and Ally are the only ones I have experience with PG and they don’t report to Personal. Not sure about other captives…but I heard Ford also do not report with PG but not sure.
Yes in my experience with GMF they were the same. Essentially, business lease with PG same as buying in personal credit if business does not have substantial revenues $$ or history then they have to use strength of personal credit and PG to support the business lease. For e.g. I believe MBFS will only extend credit under business name if your revenues are minimum of $5 million and above in order for them to consider business lease without PG and strictly under business name.