Who has Best Financing and Deals going on?

Discussion in 'Lawn Mowing' started by billyebrown, Apr 22, 2004.

  1. billyebrown

    billyebrown LawnSite Member
    Posts: 24

    Ready to make an upgrade to a ZTR. Any suggestions on who currently has the best finance deals going on?
  2. bugspit

    bugspit LawnSite Senior Member
    Posts: 769

    There are no good deals in financing. Paying with cash IS the best deal.
  3. timinkc

    timinkc LawnSite Member
    Posts: 217

    great dane had 0% for 24 mo ...don't know if it's still going on though
  4. Woody82986

    Woody82986 LawnSite Silver Member
    from DFW, TX
    Posts: 2,128

    I think Hustler has 7.8% for 36 months
  5. metro-hp_48

    metro-hp_48 LawnSite Senior Member
    from TN
    Posts: 874

  6. hartlawnmain

    hartlawnmain LawnSite Member
    Posts: 66

    John Deere/Great Dane have 0% for 24 mos. Also, they have one where you only pay 1% of the total financed the first year, so a $7,000 mower would only be about $70.00 a month. The second year it goes to 3%. I think it's a 9.9 apr. Pretty sweet deal if you're worried about overhead vs. income for the first couple of years.
  7. Tx Firefighter

    Tx Firefighter LawnSite Member
    Posts: 76

    Zero percent financing is better than paying cash.
  8. walker-talker

    walker-talker LawnSite Platinum Member
    from Midwest
    Posts: 4,771

    I agree....100%...How could anyone think anything else...I have no idea!!
  9. work_it

    work_it LawnSite Senior Member
    Posts: 976

    I don't think that's true for everybody. If you're in your first 5 years of business you get your biggest tax breaks. Not only can you write off a percentage of the purchase price of the mower, but you can also write off depreciation. The best way to find out what would benifit you the most is to talk with a good CPA. Then make your decision of whether or not to finance. Another point to remember is that a lot of finance companies won't give you credit if you haven't filed taxes for a minimum of 2 years. That disqualifies you automatically if it's your first or second year as a business owner.
  10. bugspit

    bugspit LawnSite Senior Member
    Posts: 769

    Just an opinion and a lifestyle, I will not have payments ever again.
    Read your contract word for word and note what you are actually paying for on the bottom line. Also hope that during the time frame of payments that nothing reduces or eliminates your income. I will also bet that you can get at least 10% or more off your purchase if you pay cash.

    Do what you want but it's not for me.
    The borrower is slaved to the lender.

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