Generous Financing

Discussion in 'Lawn Mowing' started by Daleman, Feb 26, 2003.

  1. Daleman

    Daleman LawnSite Member
    Messages: 90

    I was looking to try and purchase some new equipment this year (a walk behind and Z turn) and was wondering if any of you know of any companies with good financing plans. I just applied online with John Deere for a line of credit and was wondering if anybody knows of any other reputable companies out there.--
  2. J&R

    J&R LawnSite Senior Member
    Messages: 835

    getting a home line of credit will have lowest rate.
  3. LawnsRUsInc.

    LawnsRUsInc. LawnSite Senior Member
    from midwest
    Messages: 916

    Yea i did my financing through Yard Card. I have 0% till jan 04 but if i dont pay it off by then the intrest goes to 15% from date of purchase.
  4. Husker1982

    Husker1982 LawnSite Senior Member
    Messages: 480

    I have done JD credit before you will be happy. I got fixed 5.9% for 4 years.
  5. paponte

    paponte LawnSite Silver Member
    Messages: 2,366

    Almost all commercial equipment companies have their own financing now. but as everyone said, a personal line or home line is usually your cheapest bet. :cool:
  6. turfman59

    turfman59 LawnSite Senior Member
    Messages: 801

    Just got a commercial loan from a bank the other day at 5.75%
    This is how I did it... I had an extra 10K but did not want to part with it for equipment, so I got a loan with auto withdrawal, left the money in the bank, so when I get into the busy irrigation season i will still have good cash flow ( people can be slow to pay especially contractors) Local banks can be a great asset in a smaller community great for referals, I even picked up 1500.00 worth of work right at the bank with new plant material and stone at there facility, which lead to a couple of customers asking for a quote on stone installation. You cant get that from applying on line for credit and you can choose the equipment you want.
  7. Scraper

    Scraper LawnSite Bronze Member
    Messages: 1,656

    Sheffield Financial
  8. barryd

    barryd LawnSite Member
    from KY
    Messages: 9

    Sheffield has great options. Check with your local dealers!!!
  9. Gravely_Man

    Gravely_Man LawnSite Silver Member
    Messages: 2,075

    Home line of credit is usually the best rate. It does however not hurt to shop around. Best of luck with the new purchases.


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