best time to bu a new ztr?

Discussion in 'Lawn Mowing Equipment' started by Vr6Mark, Dec 12, 2013.

  1. GMLC

    GMLC LawnSite Platinum Member
    Posts: 4,353

    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.
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  2. GMLC

    GMLC LawnSite Platinum Member
    Posts: 4,353

    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...
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  3. puppypaws

    puppypaws LawnSite Fanatic
    Posts: 8,872

    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.
     
  4. rreyn1812

    rreyn1812 LawnSite Senior Member
    Posts: 444

    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!!
     
  5. puppypaws

    puppypaws LawnSite Fanatic
    Posts: 8,872

    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.
     
  6. GMLC

    GMLC LawnSite Platinum Member
    Posts: 4,353

    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.
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  7. echo

    echo LawnSite Bronze Member
    Posts: 1,685

    Nothing wrong with using "other people's money".
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  8. GMLC

    GMLC LawnSite Platinum Member
    Posts: 4,353

    Exactly!
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  9. sildoc

    sildoc LawnSite Silver Member
    Posts: 2,925

    You are correct to a point. However you are taking big risk for very little gain.
     
  10. puppypaws

    puppypaws LawnSite Fanatic
    Posts: 8,872

    I am somewhat confused by the statement, "However you are taking big risk for very little gain," maybe you can explain?
     

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