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Old 07-06-2013, 01:51 PM
seabee24 seabee24 is offline
LawnSite Senior Member
 
Join Date: Mar 2009
Posts: 619
Quote:
Originally Posted by larryinalabama View Post
Good debt is what your compedators have.

In reality there is no good debt in this business, debt increases your risk of failure, debt is expensive, and debt on a asset that is going down in value is extremely expensive.

Too me a lawn mower payment doesn't even sound right.
Depends on your situation. So if you had 10,000 and not a penny more to your name, and you needed a new Ztr to the tune of 9k. You would pay cash? I would take the zero percent interest option on 24 months, then take my 10k and invest it in bulk savings or efficiency savings or heck put it in a CD an earn a small amount of interest.

That's n example of good debt. You could buy a used mower, but you would have to way the pro and cons.
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