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Credit Card?

Discussion in 'Starting a Lawn Care Business' started by Plow_Boy84, Mar 7, 2006.

  1. Plow_Boy84

    Plow_Boy84 LawnSite Member
    Posts: 12

    When you guys were just starting out did you put your lawn mower and trailer on a credit card? or pay part in cash and the rest on a credit card? Do you think this would be a good or bad idea?
  2. CAG

    CAG LawnSite Senior Member
    from ct
    Posts: 344

    When i started i paid cash because my credit wasn't great, well i should say not really established.. Now i have three business cards and two are at 0 %..I just keep switching them when the 0% offer expires.. So it depends on your credit status..
  3. hotpan

    hotpan LawnSite Member
    Posts: 67

    i am about to buy my first wb lawnmower for about $3,000 and am going to finance it through the dealership b/c they offer "6 months same as cash" and if my advertising works, and i get enuf customers, then i will definitely be able to pay it off without having to pay interest on it! :) so ask them if they offer it too, if your credit holds up !
  4. Plow_Boy84

    Plow_Boy84 LawnSite Member
    Posts: 12

    my credit is fine. however i am a little nervous about putting this on the card. i would like to pay it in cash but spent most of it on my pickup.
  5. down size

    down size LawnSite Member
    from indiana
    Posts: 78

    I got my first mower on credit ( ferris W/B) paid it off in 4 months and haven't had to buy anything on credit sence.
  6. HTI

    HTI LawnSite Member
    Posts: 12

    the dealership should give you credit at no or low terms
  7. kingofbling

    kingofbling LawnSite Member
    from dallas
    Posts: 64

    In my opinion if the financing (on the card) is low or no financing at all i would charge it and pay a large payment each month. If you think about it in the end it helps your credit with the credit card company.

    Also i would do the above if you got rewards or miles, etc.

    I always charge things and if its like $1,000 i will pay $350 a month just for that item, sometimes my minimum payment is $200 but i will pay $1000, etc.
    My cards start out with limits of $1,000 and then jump to $5,000, $10,000.

    I dont mind paying a little intrest on these to help personal/business credit.
  8. howardsells2000

    howardsells2000 LawnSite Senior Member
    Posts: 355

    I paid cash for most of my stuff, but as long as you pay off your dept quickly I think charging is ok.

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