Register free!

The Green Industry's Resource Center


Reply
 
Thread Tools   Display Modes
  #1  
Old 07-20-2015, 08:43 AM
Charles Jackson III Charles Jackson III is offline
LawnSite Member
 
Join Date: May 2011
Location: Montgomery,AL
Posts: 59
Financing a mower?

I bought me a 1990 Chevy Truck I only paid $1056 for the truck, so I am looking financing a 48'' ztr or 32'' or 36'' walk behind mower. I will be paying cash for the string trimmer, blower, and trailer. I still work for the City of Montgomery, so I have a full time job to pay the mower payment and I am still living at home with parents. Is it good or bad idea to finance the mower?
Reply With Quote
  #2  
Old 07-20-2015, 08:51 AM
ToddH's Avatar
ToddH ToddH is offline
LawnSite Senior Member
 
Join Date: Aug 2012
Location: Grand Prairie, Texas
Posts: 915
Depends on the terms and how you are going to put the machine to work for you.
Reply With Quote
  #3  
Old 07-20-2015, 09:08 AM
Charles Jackson III Charles Jackson III is offline
LawnSite Member
 
Join Date: May 2011
Location: Montgomery,AL
Posts: 59
A part lawn service.
Reply With Quote
  #4  
Old 07-20-2015, 09:19 AM
PenningsLandscaping PenningsLandscaping is offline
LawnSite Bronze Member
 
Join Date: Jul 2013
Location: New Jersey
Posts: 1,792
There is nothing wrong with a responsible person financing a mower. It's good for your credit, and easier for you to operate with less initial overhead. You have another job, and will likely be mowing just to make payments until you build, but if you dropped 9 grand on a new one in cash, you'd be mowing to build your cash back up.

A lot of guys on here will say no debt! That's fine, but not everyone can operate like that.
Posted via Mobile Device
Reply With Quote
  #5  
Old 07-20-2015, 09:46 AM
1977212 1977212 is offline
LawnSite Member
 
Join Date: Mar 2015
Location: Elk River, MN
Posts: 167
Even if I have the money and it's less than 4% I'd still do the loan. It's not that much extra.
Posted via Mobile Device
Reply With Quote
  #6  
Old 07-20-2015, 10:06 AM
TPendagast's Avatar
TPendagast TPendagast is offline
LawnSite Fanatic
 
Join Date: May 2008
Location: Wasilla, AK
Posts: 6,058
Quote:
Originally Posted by Charles Jackson III View Post
I bought me a 1990 Chevy Truck I only paid $1056 for the truck, so I am looking financing a 48'' ztr or 32'' or 36'' walk behind mower. I will be paying cash for the string trimmer, blower, and trailer. I still work for the City of Montgomery, so I have a full time job to pay the mower payment and I am still living at home with parents. Is it good or bad idea to finance the mower?
you have a city job, and you're living at home with your parents?
Reply With Quote
  #7  
Old 07-20-2015, 10:12 AM
wvbrian wvbrian is offline
LawnSite Member
 
Join Date: Jan 2009
Location: Maryville, Tn
Posts: 92
I had to buy another Scag walk behind this year to add to the fleet. I could buy a used one with 1000 hours for 2k, pay cash at the dealer for a new one for $6000, or finance 48 months at 0% for $6300. I could not justify letting go of $6000 cash to save $300, when a 0% loan is available.
I hate debt, but in this case, I chose to finance a new mower and get a warranty and dealer support.
Reply With Quote
  #8  
Old 07-20-2015, 10:25 AM
Charles Jackson III Charles Jackson III is offline
LawnSite Member
 
Join Date: May 2011
Location: Montgomery,AL
Posts: 59
The City of Montgomery does not pay that much, I only make $9.98 and hour, I run a zero turn at work I suppose to get a $1.00 raise once I get off the 6 months probation.
Reply With Quote
  #9  
Old 07-20-2015, 02:56 PM
AMC32 AMC32 is offline
LawnSite Senior Member
 
Join Date: Jun 2014
Location: Lincolnton, NC
Posts: 583
I like zero percent financing...
Posted via Mobile Device
Reply With Quote
  #10  
Old 07-20-2015, 03:07 PM
whammer33024 whammer33024 is offline
LawnSite Member
 
Join Date: Jul 2015
Posts: 4
your parents are okay with you financing a mower while you live under their roof?
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

Layout Style:





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.com™ - Moose River Media
All times are GMT -4. The time now is 08:01 AM.

Page generated in 0.09130 seconds with 10 queries