Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 10-10-2012, 07:40 PM
GravelyWalker GravelyWalker is offline
LawnSite Member
 
Join Date: Sep 2012
Location: Indianapolis Indiana
Posts: 81
Loans?

Its becoming hard on me seeing all the other LCO's driving around with their nice trailers and mowers.(no offence to anyone). I have a old 40'' Gravely walk behind belt drive, its wearing on me after a 6 hr mowing day and I want to make my job easier. My question is how many of you have financed or taken a loan out for equipment? I really really dont want to because I dont like credit. This year I only went part time but planning on full time next year. I just dont think I can come up with 4-5k by spring to get a ZTR. Any thoughts?
Reply With Quote
  #2  
Old 10-10-2012, 07:54 PM
RussellB RussellB is online now
LawnSite Silver Member
 
Join Date: Aug 2010
Location: SC
Posts: 2,809
Gravely offers 0% financing for four years if you have an excellent credit rating. If you are going Full time I would invest in machines to make your life easier and more productive. Good luck
Reply With Quote
  #3  
Old 10-10-2012, 07:57 PM
Duekster Duekster is offline
LawnSite Fanatic
 
Join Date: Jan 2007
Location: DFW, TX
Posts: 7,971
Avoid credit as long as you can but maybe save some money like you are making payments. This way you will have some cash when the time comes.
Reply With Quote
  #4  
Old 10-10-2012, 08:00 PM
GravelyWalker GravelyWalker is offline
LawnSite Member
 
Join Date: Sep 2012
Location: Indianapolis Indiana
Posts: 81
That is my plan over winter but work is tight unless we get some snow. Might just look into getting a bigger hydro walker. I dont mind the walking as much as hand cramps and having to use my body weight to turn my old machine
Posted via Mobile Device
Reply With Quote
  #5  
Old 10-10-2012, 08:08 PM
Spring Valley Lawn Service's Avatar
Spring Valley Lawn Service Spring Valley Lawn Service is offline
LawnSite Member
 
Join Date: Sep 2012
Location: Tuscumbia, al
Posts: 140
Loans?

3.9 percent for 60 months. 5700 for a z400 toro 48 inch. That is 106 a month. That is 6360 or 660 interest plus a finance fee. 106 can be made possibly in two hours or three easily.
Reply With Quote
  #6  
Old 10-10-2012, 08:11 PM
grandview (2006)'s Avatar
grandview (2006) grandview (2006) is online now
LawnSite Gold Member
 
Join Date: Jan 2006
Location: Lancaster N.Y.
Posts: 3,437
How much would it cost you to go to a doctor vs monthly payments on the mower?
__________________
www.grandviewlandscaping.com
Reply With Quote
  #7  
Old 10-10-2012, 08:31 PM
larryinalabama larryinalabama is online now
LawnSite Fanatic
 
Join Date: Jan 2008
Location: Ragland Al
Posts: 10,201
Quote:
Originally Posted by GravelyWalker View Post
Its becoming hard on me seeing all the other LCO's driving around with their nice trailers and mowers.(no offence to anyone). I have a old 40'' Gravely walk behind belt drive, its wearing on me after a 6 hr mowing day and I want to make my job easier. My question is how many of you have financed or taken a loan out for equipment? I really really dont want to because I dont like credit. This year I only went part time but planning on full time next year. I just dont think I can come up with 4-5k by spring to get a ZTR. Any thoughts?
If you go into debt its likely you will fail, you may be able to buy one of those ztrs used from one of the other lcos when he cant make his payments.
Reply With Quote
  #8  
Old 10-10-2012, 08:33 PM
grandview (2006)'s Avatar
grandview (2006) grandview (2006) is online now
LawnSite Gold Member
 
Join Date: Jan 2006
Location: Lancaster N.Y.
Posts: 3,437
Quote:
Originally Posted by larryinalabama View Post
If you go into debt its likely you will fail, you may be able to buy one of those ztrs used from one of the other lcos when he cant make his payments.
Based on that, I should still be cutting wit a 36 inch belt drive,or be out of business.
__________________
www.grandviewlandscaping.com
Reply With Quote
  #9  
Old 10-17-2012, 09:36 PM
justanotherlawnguy's Avatar
justanotherlawnguy justanotherlawnguy is offline
LawnSite Bronze Member
 
Join Date: Apr 2004
Location: tampa, fl
Posts: 1,192
Quote:
Originally Posted by larryinalabama View Post
If you go into debt its likely you will fail, you may be able to buy one of those ztrs used from one of the other lcos when he cant make his payments.
jeez people are so ignorant!!!!

just because you go into debt does not mean you will fail. if you financed a brand new z for 48 months at 0% and that z in turn caused your productivity to sky rocket and generate the majority of your income, how could that lead to failure.

ALL successful businesses run with some level of debt. let me say that again ALL successful businesses run with some level of debt.

its the white trash ignorant guys on here with zero business sense that avoid credit and have no idea how to responsibly use credit........
__________________
The great thief of opportunity is procrastination!
Reply With Quote
  #10  
Old 10-17-2012, 09:40 PM
phillie's Avatar
phillie phillie is offline
LawnSite Senior Member
 
Join Date: Feb 2010
Location: indianapolis, in
Posts: 845
Quote:
Originally Posted by justanotherlawnguy View Post
jeez people are so ignorant!!!!

just because you go into debt does not mean you will fail. if you financed a brand new z for 48 months at 0% and that z in turn caused your productivity to sky rocket and generate the majority of your income, how could that lead to failure.

ALL successful businesses run with some level of debt. let me say that again ALL successful businesses run with some level of debt.

its the white trash ignorant guys on here with zero business sense that avoid credit and have no idea how to responsibly use credit........
100% Agreed
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 11:47 PM.

Page generated in 0.16629 seconds with 7 queries