Hello! I will preface this by saying I am not looking for tax advice, just any personal experience. I have an excellent accountant who I am in regular contact with.

I am a new business owner (about 2 years and a couple of months). I am looking to purchase a vehicle over 6,000 pounds to use for work (I have many meetings, drops, presentations am driving to and from all day long throughout the work day not including the travel I do around the state for work). I will be keeping my current smaller car for personal use, so the new car would be 100% business.

My scorp has been active for those 2 years and 2 months, however I am clueless when it comes to business credit scores, so I don’t have any credit cards or loans under my business. I’m not sure how to check my score but I can’t imagine I even have one without any credit? Let me know if I’m wrong.

I went and test drove a rivian r1s today and gave them my EIN to secure financing. I am aware I will likely need to personally co-sign. We technically have the cash to buy out-right but would prefer to finance for a little bit.

My question is, since I will be co-signing for my business, does my business credit score matter all that much? My DTI is very low and we are grossing about 900k this year. Car purchase around 100k.