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New mower bad credit

Discussion in 'Lawn Mowing' started by traviswalker007, Feb 2, 2007.

  1. traviswalker007

    traviswalker007 LawnSite Member
    Messages: 182

    Hey guys, I was wondering if anybody new how to get another ztr with really bad credit, this is my second year and i have aquired a few more accounts that will require another large ztr mower. i have enough secondary equipment i just cant seem to get a mower, ive tried to ask for payment plans but no one is biting. I can pay it off in a few months, im in illinois so if anybody can help i would greatly appreciate it, i have collartel as well.

    thanks guy's.
  2. LindblomRJ

    LindblomRJ LawnSite Silver Member
    Messages: 2,570

    Might put the money in a savings account. Might have to pay cash. With savings you will be able to collect interest on the savings.

    I guess your present line up equipment is good condition and getting the job done might be able to wait until mid season and purchase a nearly new ZTR for less money.
  3. Albery's Lawn & Tractor

    Albery's Lawn & Tractor LawnSite Bronze Member
    Messages: 1,674

    How bad of creidt? If you have collateral and you have contracts that are signed and show how much your expecting to bring in, usually your bank will work with you. Or try some finance companies, usually they will loan you the money (if you can prove you'll be able to repay) but the interest rate will be high (18-29%). But are going to pay it off in a few months then interest isn't that big of a deal. What type of mower are you looking for? Buy something dirt cheap on ebay to get you through and save for a new mower maybe next year.
  4. DuallyVette

    DuallyVette LawnSite Gold Member
    Messages: 3,953

    The best predictor of future behavior is past behavior
  5. LushGreenLawn

    LushGreenLawn LawnSite Silver Member
    Messages: 2,120

    Try www.prosper.com. If your credit is bad, you will pay a high rate, if your loan gets funded.

    PM me if you are interested, I can give you some pointers on creating an attractive listing.
  6. cutbetterthanyou

    cutbetterthanyou LawnSite Bronze Member
    Messages: 1,178

    how about saving up, buy used in cash, use it this summer or half of this summer, then save up more after you get working, then at the end or middle of this summer take the cash plus trade and just buy the new one out right.maybe you can do it this way for a couple of years till your cerdit getts wiped clean
  7. dekalb lawn man

    dekalb lawn man LawnSite Member
    Messages: 134

    My credit pretty much sucks too. Have you tried Sheffield Financial LLC. They are big and will finance just about anybody in the green industry.
  8. bigjeeping

    bigjeeping LawnSite Senior Member
    Messages: 903

    one word: cosigner.
  9. topsites

    topsites LawnSite Fanatic
    Messages: 21,653

    You could, as a borrower, try this method:


    It's a bit of a long shot, but the lenders there apparently like funding business owners.
    Other than one more credit check (which might not help) and your time, it doesn't cost anything to apply.
  10. WJW Lawn

    WJW Lawn LawnSite Bronze Member
    Messages: 1,330

    Yea...people aren't ever young and then change as they grow older and mature. I mean...do you make the same mistakes now as you made when you were 13?

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