Originally Posted by Florida Gardener
I have done 2 0% deals so far since being in biz and neither required a penny down. The only thing is that you make equal monthly payments which is better bc it keeps you honest and gets you to the payoff without paying deferred interest charges. In th OP case, the financing is great bc he has cash for other purchases like 2 cycle stuff or he can keep it in the bank. Plus, he NEEDS to build his credit and this would be the perfect way to do it.
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I see what you're saying now. I guess I just assumed that by buying a machine that is probably what maybe 10 grand brand new right now depending on what he's looking at I figured he might have to put something down but if he doesn't, then it totally makes sense to finance it and build his business while not spending all of his money. Thanks for the insight.
2000 Silverado Half ton 4x4
2000 Ford Excursion 4x4
2001 Ford F250 PSD w/8ft Western Ultra Mount
2014 John Deere Z920M
2011 Husqvarna 5424 ZTR
(2) Craftsman Push Mowers
6x10 open utility trailer
6x12 Enclosed Trailer