Equipment financing

[Currier]

I know we have had discussions on equipment financing. I have used the search and have not found much info. My question is: Where have you found to finance equipment? Is it just go through banks and dealers or is there somewhere that relates specifically to our service that provides financing for equipment?

[Scraper]

Sheffield is a financing company which a lot of dealers use. I personally have used Sheffield and their rates are competitive. Not tomention if you wait til Spring a lot of good interest free deals come around where there is no interest or payments for the first 3-6 months whereby you can pay off the mower before you actually have a payment due.

Another is http://www.greensuccess.com/ I have no experience with them other than a t-shirt. :)

[pace lawn care]

Farm Bureau has finaning

[landscaper3]

http://www.telmark.com we lease all our Walkers through them, best investment!!

[CCLC]

I have used Sheffields no interest for 6 months and no payments for 7 months program. It gives you 6 months to pay it off or time to get a loan at a lower rate from your local bank. Sheffields interest is usually quite a bit higher on that plan.

[Scraper]

CCLC: Actually Sheffield used to have high interest rates, but this year when I went to finance a new mower I was surprised to find they had lowered them significantly. My interest rate was below 10% which would be hard to find a bank loan at. I try to avoid bank loans at all cost unless it is for a major loan.

[Currier]

Anyone have a phone number for Sheffields?

[Lazer]

(800) 438-8892

[Currier]

Thanks all! I appreciate the input! I have the opportunity to upgrade machines (walker) and am giving it some serious thought. I also wouldn't mind buying one of those areators of turfquip, I already have a lawnaire V and that is an awesome price. But I'm wondering how that older 28 would be. Anyway, thanks for the financing info:)

[Toddppm]

Sheffields is back up to 13.9 % right now, that is a ridiculous amount, gotta be something better out there

[Greenkeepers]

We use Sheffield also. Our dealer runs it through them and this we took advantage of the no interest for 6 months. I think that the inerest after that was like 9.5% or something. Make sure to check the dealers, there is always some kind of promotion going on.

Good luck

Mike
Greenkeepers

[Keith]

I financed my Kees through Nations Bank Specialty Finance @ 9.9%. Since Bank of America took over, I don't know if they still have the program or not.

[Cutter1]

I used Sheffeild for my Laser. No money down. 0% interest, No pay until Oct. Its nice, you can use it all summer and pay it off before its due.

[thelawnguy]

You are almost always better off going thru a local bank. I got an unsecured loan for 8000 at 8.5% thru the local bank when Sheffield wanted 18%. It was no interest for 6 months but if u didnt pay it off before the interest start date WHAMMO heck my credit card is 11.9%.