Financing?

Discussion in 'Lawn Mowing' started by B&B LAWN, Aug 2, 2004.

  1. B&B LAWN

    B&B LAWN LawnSite Senior Member
    Posts: 267

    When you guys get a new mower do you finance it through the dealer or do you go to the bank and get a loan? I think i am going to finance a Walker. Is Walker offering any good financing options that you know of?
     
  2. Littleriver1

    Littleriver1 LawnSite Senior Member
    Posts: 811

    Check with a bank for better rates. Around 10%, dealers around 14% to 18%. In the winter and early spring the rates and prices are better. Hold off if you can. You may find a good price on something nearly new in Jan. Scag steaks are hard to like. Lowballers have to eat too.
     
  3. Oldtimer

    Oldtimer LawnSite Bronze Member
    Posts: 1,458

    Walker doesn't participate in special financing for their equipment, however A&D Distributors who handles Alabama & NW Florida have is sponsoring a finance special thru Sheffield.

    Exmark/Toro is offering 3.9%, 12 months with no interest, and
    several other plans thru GE Credit. The LCO's who are using GE are enjoying 90 days with no interest for their open accounts with our dealership.

    Unless you are well established with a bank the rate will usually be more than the dealers can offer but all financing is risk based. If your credit isn't good then the rate will be higher.

    Oldtimer
     
  4. The C Man

    The C Man LawnSite Senior Member
    from Ohio
    Posts: 527

    Another option, look into a home equity loan
     
  5. Tony1045

    Tony1045 LawnSite Member
    Posts: 77

    Just got 3.9% through John Deere a few weeks ago. I thing this is one of their standard deals, not just a "Special". Tony
     
  6. grass_cuttin_fool

    grass_cuttin_fool LawnSite Gold Member
    Posts: 3,504

    I used sheffield for my scag tiger cub back in the spring and got 0 payment and 0 intrest for 6 months, I cant remember the Intrest rate though, had 1/2 the money then and should have the rest in Oct when its due if no emergencies come up. Even if the dealer doesnt use sheffield maybe they can finance the mower for you and have a deal, I was surprised they take about 15 min to approve a loan not days
     
  7. hartslawnmain

    hartslawnmain LawnSite Member
    Posts: 56

    Exmark/Toro is offering 3.9%, 12 months with no interest

    I'm confused. Is it 3.9% or NO interest?
     

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