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Monthly Mower Payments?

Discussion in 'Starting a Lawn Care Business' started by Dave655, Mar 21, 2004.

  1. Dave655

    Dave655 LawnSite Member
    Messages: 46

    Does any one here pay monthly mower payments here? I want to buy another mower but don't want to put that much money down right away. I just wanted to know if you guys think that might be an ok way to go? Drawbacks- Positives?
     
  2. Avery

    Avery LawnSite Bronze Member
    Messages: 1,389

    We lease all mowers. It has certain tax advantages.
     
  3. FuzzyOne

    FuzzyOne LawnSite Member
    from NJ
    Messages: 81

    I always paid cash until last year. I bought a Hustler, put $1,000 down and financed the rest. For $157 monthfor 3 years, it was easy to take. One lawn makes the payments.

    Not sure how it will effect my taxes. Since I do this on the side, I get killed every year anyhow. :(
     
  4. LawnScapers of Dayton

    LawnScapers of Dayton LawnSite Silver Member
    Male, from Dayton, OH
    Messages: 2,572

    I pay cash for everything.......for me paying interest is only for vehicles and real estate........

    Derek
     
  5. wriken

    wriken LawnSite Silver Member
    Messages: 2,154

    the 72", I bought last year I did the 6 months same as cash, worked out good. I picking up anther ztr rider, before the end of the month, will try the 0% interest for 3 years. probably work out to 143.00 per month.
     
  6. CDJLANDSCAPING

    CDJLANDSCAPING LawnSite Member
    Messages: 8

    Guy's, the trick is "use other peoples money" you have to get the no payments for a year and pay it off before that year is up. I am getting ready to buy a 52" ex mark rider and no payments until jan.
     
  7. raintreelawns

    raintreelawns LawnSite Member
    Messages: 10

    I just bought a new Hustler WB and the dealer was running a 12 month Same As Cash deal...I use other people's money when I can...Just make sure you pay it off before the end of the deal...otherwise they hammer you with a BIG finance rate.
     
  8. meets1

    meets1 LawnSite Gold Member
    Messages: 3,850

    I like CDJ's statement. Use others money for as long as you can. I did that when I purchased our new Toro Z as well as our Boomer. Just make sure to pay it back b/f the year ends cuz interest will hurt!
     
  9. pines

    pines LawnSite Member
    Messages: 148

    Where do you plan on buying it? Liberty Disc. or Frederick Equipment?
     
  10. Dave655

    Dave655 LawnSite Member
    Messages: 46

    Thanks a lot everyone!
     

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