Do you finance or pay cash on new mowers?

Discussion in 'Lawn Mowing' started by South Florida Lawns, Aug 13, 2005.


Do you finance or pay cash on new mowers and equipment?

  1. Finance

    34 vote(s)
  2. Pay cash

    50 vote(s)
  1. South Florida Lawns

    South Florida Lawns LawnSite Platinum Member
    from usa
    Messages: 4,783

    Just wondering the most popular route when purchasing new mowers/equipment?
  2. ToroLandscaper

    ToroLandscaper LawnSite Bronze Member
    Messages: 1,177

    I see people gettin in debt all the time over equipment and i think thats crazy.I never buy a mower unless i have cash to pay on the spot and that also helps with negotiating a price down.
  3. lawnmaniac883

    lawnmaniac883 LawnSite Silver Member
    Messages: 2,613

    Kinda depends on how bad you need the equipment and how much cash you have access to imo.
  4. grass_cuttin_fool

    grass_cuttin_fool LawnSite Gold Member
    Messages: 3,526

    I financed my tiger cub, Scag had a deal of 0 % intrest and no payment for 6 months. So I used scags money for 6 months and paid the mower off on the 1st payment.
    Talking with my accountant this winter, she said I should of paid 1/2 of it on the 1st payment and paid the rest in the next 12 months. I file long form and the intrest would of been deductable and she said I would of had my money to live on if this year had been very dry or if something unexpected came up or just to have operating capital. Quess there are a few ways to look at it, my best answer would be to have part of the money to purchase and finance part of it.

    TURF DOCTOR LawnSite Silver Member
    Messages: 2,138

    We financed 1 wb scag this year 12 months same as cash oh they add a 125 charge when you do this you borrow money for a year for a 125 bucks.Paid cash for a wildcat, a scag wb, also a simplicity.
  6. topsites

    topsites LawnSite Fanatic
    Messages: 21,653

    Now I got mine 12 mos. same as cash and it really is SAME as cash because I told the dealer I HAD the cash (I did) but it would have to wait until October but he said he could do it this way and so I bought it...
    So is this financing or cash?

    Far as I'm concerned, NEVER buy anything you gotta pay interest on, that's just more work you have to do for free, and for me this includes personal items as well such as my car I don't buy it on payments.

    Another reason to never buy car / truck on payments is you can then get minimum liability on it which is a LOT cheaper than full coverage.
  7. freddyc

    freddyc LawnSite Senior Member
    Messages: 578

    What percentage of the total cost was the 125 bux???? Same as cash??? I'm confused on this one. :dizzy:
  8. MudslinginFX4

    MudslinginFX4 LawnSite Bronze Member
    Messages: 1,170

    I've paid cash for ALL of my equipment but my trucks.... everything added up is probably near $150k now. I actually just bought a new Toro Z master this week, 52'' 23 kawi.

    TURF DOCTOR LawnSite Silver Member
    Messages: 2,138

    I was confused also when it came down to the signing he said it is 125 bucks.
  10. grass_cuttin_fool

    grass_cuttin_fool LawnSite Gold Member
    Messages: 3,526

    I think at the time I purchased my mower Sheffield had a $20.00 aplication fee

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