purchase of a zero turn mower

Discussion in 'Business Operations' started by lawntrooper, May 11, 2013.

  1. lawntrooper

    lawntrooper LawnSite Member
    Posts: 7

    a little background..I am 4 years in business with 57 accounts.

    I am currently running 2 lesco mowers, a 48 and a 52 inch both are hydro.

    All equipment, truck and trailer is paid for with no debt hanging over my head. I want to purchase a 60 inch zero turn with collection system and I dont have the cash and I dont want to finance because I am a sole owner and it would go on my social and I seperate my personal accounts with business.

    any suggestions on how to purchase this mower
     
  2. PamlicoLawnCare

    PamlicoLawnCare LawnSite Member
    Posts: 80

    Can you elaborate on what you mean by this statement?

    ...financing associated with your social security card?
     
  3. lawntrooper

    lawntrooper LawnSite Member
    Posts: 7

    sorry I just dont want to finance
     
  4. JDGlandscape

    JDGlandscape LawnSite Senior Member
    Posts: 506

    well you have two options, finance or buy outright.

    you say you dont have the cash to buy one and you will not finance... doesnt that answer your question?

    not being an ass but thats pretty much what you have to choose from..
    Posted via Mobile Device
     
  5. lawntrooper

    lawntrooper LawnSite Member
    Posts: 7

    ya i know..and I knew the answer!!

    I need to upgrade and get a zero turn for productivity..I have the 48 Lesco on craigslist but its all tire kickers
     
  6. JDGlandscape

    JDGlandscape LawnSite Senior Member
    Posts: 506

    If you are fairly good with your money and you have the income to support iit (it sounds like you do with 57 Accounts), then financing can actually be very helpful to a business. Most companies will offer 0% at some point anyway so you might as well use their money. So many people are against it but if you look at or talk to any of the people with large sucsuccessful businesses they will tell you that you have to finance at some point to grow.
    Posted via Mobile Device
     
  7. JDGlandscape

    JDGlandscape LawnSite Senior Member
    Posts: 506

    I don't want to start a huge argument about financing though, there are enough of them on this site
    Posted via Mobile Device
     
  8. KS_Grasscutter

    KS_Grasscutter LawnSite Gold Member
    Posts: 3,332

    How in the heck do you plan to expand your business without using credit? Heck I finance something every year, just bought a skid sprayer the other day.
    Posted via Mobile Device
     
  9. jsslawncare

    jsslawncare LawnSite Bronze Member
    Posts: 1,674


    I expand, with no credit. Cash is king. I may decide to walk away from this lawn gig next month. You never know, then I'll have a lot of fancy equipment to cut my yard.
     
  10. ztman

    ztman LawnSite Bronze Member
    Posts: 1,007

    Don't have cash, and don't want to finance, that only leaves magic beans
     

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