Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #41  
Old 12-20-2013, 06:50 AM
GMLC's Avatar
GMLC GMLC is offline
LawnSite Platinum Member
 
Join Date: Jun 2010
Location: New Hampshire
Posts: 4,363
Quote:
Originally Posted by sildoc View Post
So tell me what you have your cash invested in that is liquid so if need be you can pay off everything you have a loan out on??? The bank at .005% interest?
Im very diversified. MLP's, stocks, bonds, mutual funds, etc. etc. Yes, even some 100% cash at less than 1%. Its all working for me while I have 0% loans.
Posted via Mobile Device
Reply With Quote
  #42  
Old 12-20-2013, 10:01 AM
GMLC's Avatar
GMLC GMLC is offline
LawnSite Platinum Member
 
Join Date: Jun 2010
Location: New Hampshire
Posts: 4,363
Let me guess...My credit card that pays me 1% cash back on all purchases is a bad idea too? You know the one I use for ALL of my monthly expenses and gets paid off in FULL at the end of each month without paying a penny in interest. Of corse it requires a 720 or better credit score to qualify...
Posted via Mobile Device
Reply With Quote
  #43  
Old 12-20-2013, 10:36 AM
puppypaws's Avatar
puppypaws puppypaws is offline
LawnSite Fanatic
 
Join Date: Jul 2004
Location: Marshville,NC 28103
Posts: 7,759
Quote:
Originally Posted by GMLC View Post
Let me guess...My credit card that pays me 1% cash back on all purchases is a bad idea too? You know the one I use for ALL of my monthly expenses and gets paid off in FULL at the end of each month without paying a penny in interest. Of corse it requires a 720 or better credit score to qualify...
Posted via Mobile Device
This is a perfect example of why you should maintain a good credit score. Contrary to what anyone may believe, you must have a good credit score to do business of most types inside this country.

I had a friend call me yesterday attempting to refinance $400,000, I had set up his refinance attempt with a friend of mine. They could not do business with him for the fact his credit scores were not sufficient to bring the underwriters aboard, not a terrible score, just not a score that would satisfy their requirements.
__________________
Farm Mower
Reply With Quote
  #44  
Old 12-20-2013, 05:35 PM
rreyn1812's Avatar
rreyn1812 rreyn1812 is offline
LawnSite Senior Member
 
Join Date: Sep 2008
Location: Central Arkansas
Posts: 444
Took the 0% loan from Kubota

A couple of years ago, I took the 0% loan from Kubota to buy a new ZD326. I paid on it for about 22 months, then paid it off. Got the benefit of the additional good credit and I paid it off when I wanted. An additional benefit from Kubota was no additional charge for full insurance on the mower. When it's paid off, you can select whether you want to continue the insurance or not for about $12/month. Worked for me!!
__________________
Rick R.

2009 Nissan Titan pullling a 18 ft PJ Trailer
2011 Kubota ZD326S (60") - 26HP Kubota Diesel
2010 Bob-Cat FastCat Pro 48" w/Accelerator (20HP Kawa)
Non-commercial 21" walk-behind
Blowers (Stihl BG85/Husqvarna 170BT)
Trimmers (Stihl KM110 & FS90, Kawa Multi-Tool)
Chainsaws (Stihl MS180 & MS362 w/20 & 24" bars)
& misc hand tools & equipment
Reply With Quote
  #45  
Old 12-20-2013, 06:55 PM
puppypaws's Avatar
puppypaws puppypaws is offline
LawnSite Fanatic
 
Join Date: Jul 2004
Location: Marshville,NC 28103
Posts: 7,759
Quote:
Originally Posted by rreyn1812 View Post
A couple of years ago, I took the 0% loan from Kubota to buy a new ZD326. I paid on it for about 22 months, then paid it off. Got the benefit of the additional good credit and I paid it off when I wanted. An additional benefit from Kubota was no additional charge for full insurance on the mower. When it's paid off, you can select whether you want to continue the insurance or not for about $12/month. Worked for me!!
That worked out great for you...The way I see it, if I can make more money from an investment than I can save on a buy, then it is foolish for me to take my money, that is making money, then use it for a buy to lose the amount of interest it was accumulating.
__________________
Farm Mower
Reply With Quote
  #46  
Old 12-20-2013, 07:31 PM
GMLC's Avatar
GMLC GMLC is offline
LawnSite Platinum Member
 
Join Date: Jun 2010
Location: New Hampshire
Posts: 4,363
Quote:
Originally Posted by puppypaws View Post
That worked out great for you...The way I see it, if I can make more money from an investment than I can save on a buy, then it is foolish for me to take my money, that is making money, then use it for a buy to lose the amount of interest it was accumulating.
Puppy your 100% correct. Once you figure out how to make money work for you its really a no brainer. Especially when you can work both sides with 0% financing. Another great tool I use is a fuel rewards card. I put all my fuel purchases on the card, get 5% off, and pay the card off each month without paying a dime in interest.
Posted via Mobile Device
Reply With Quote
  #47  
Old 12-20-2013, 07:44 PM
echo echo is online now
LawnSite Bronze Member
 
Join Date: Oct 2012
Location: somewhere out there
Posts: 1,167
Nothing wrong with using "other people's money".
Posted via Mobile Device
Reply With Quote
  #48  
Old 12-20-2013, 07:53 PM
GMLC's Avatar
GMLC GMLC is offline
LawnSite Platinum Member
 
Join Date: Jun 2010
Location: New Hampshire
Posts: 4,363
Quote:
Originally Posted by echo View Post
Nothing wrong with using "other people's money".
Posted via Mobile Device
Exactly!
Posted via Mobile Device
Reply With Quote
  #49  
Old 12-20-2013, 07:57 PM
sildoc's Avatar
sildoc sildoc is offline
LawnSite Silver Member
 
Join Date: Jun 2003
Location: Eagle Point, Oregon
Posts: 2,716
Quote:
Originally Posted by echo View Post
Nothing wrong with using "other people's money".
Posted via Mobile Device
You are correct to a point. However you are taking big risk for very little gain.
__________________
What ever I do I must do it right!
Reply With Quote
  #50  
Old 12-20-2013, 08:03 PM
puppypaws's Avatar
puppypaws puppypaws is offline
LawnSite Fanatic
 
Join Date: Jul 2004
Location: Marshville,NC 28103
Posts: 7,759
Quote:
Originally Posted by sildoc View Post
You are correct to a point. However you are taking big risk for very little gain.
I am somewhat confused by the statement, "However you are taking big risk for very little gain," maybe you can explain?
__________________
Farm Mower
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 08:05 PM.

Page generated in 0.08803 seconds with 7 queries