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New or Used ?????

Discussion in 'Starting a Lawn Care Business' started by FiremanDud, Sep 3, 2005.

  1. FiremanDud

    FiremanDud LawnSite Member
    Messages: 93

    I'm about to start up soon and was wondering should I buy used or new. I can get 1 new riding lawn mower or I can get one walk behind and one rider if it's used. I like that fact of the warranty of the new, but I like that I can get more for the money with the used. What should I do??"??
  2. ToroLandscaper

    ToroLandscaper LawnSite Bronze Member
    Messages: 1,177

    Go with a barely used one.....with a warrant still with it one with less than 450 hours
  3. mad_wrestler

    mad_wrestler LawnSite Senior Member
    Messages: 339

    I too had that same dilemma. I was trying to find something reasonable that wasn't very old. I tried to find something with low hours. What I found was that a machine puts 200 or more hours per season. That is a lot of wear and tear on the hydros and such. Then you don't know if routine maintenance was done properly. A lot of different variables could have you hemmed up. You don't want to have equipment issues on start up. There are gonna be other obstacles that will require your time. One of my mentors here in town said that his advice was for me to grow into my equipment. I decided to buy new. He said that if you buy used, that you would just be turning around and buying a new one once the business started to do well. Hence spending more money in the long run. I bought an Exmark Lazer Hp 48" 19 hp. Wish I would've got the 21 hp. But it still does just fine. Believe in yourself and know that you are going to build a great profitable business. If you do this then you aren't going to have the woes or worries of making the payment. I got a small business interest only loan for three years. I kept my overhead down this way. But you have got to pay your equipment. That is how I have paid mine off this summer already. If you need me to clarify what I have said, just PM me. We all started out one day. This is my first year. But I have learned a great deal from these folks on here. Good luck, you can do it.
  4. FiremanDud

    FiremanDud LawnSite Member
    Messages: 93

    Thanks for the advice mad wrestler. I'm leaning towards new equipment because of the fact equipment comes with 2 year warr. Used you don't know were it's been and what it's been through. Were did you get a small business loan from? Can you have a co signer with that type of loan. If you can email or Pm that would be great thanks. I tried to PM you but it said I don't have access to it.
  5. mad_wrestler

    mad_wrestler LawnSite Senior Member
    Messages: 339

    You can but I would not recommend it. Unless it is your wife. Or maybe a business partner that you have formed an LLC with and the partnership and the application of loans are well defined. I got my Loan through Bank of America. Hope this helps. If you have more questions just post them and I will reply.
  6. topsites

    topsites LawnSite Fanatic
    Messages: 21,653

    I recommend v.much NO loan but if a loan then you HAVE the money saved and IF you get a NO interest / NO payment loan for a year then that is a good deal but you HAVE the money to pay for it now that is +++.

    I mean I got No interest + no payment 3,300 loan and now owe 1.5k on it and have until May06 to pay it off AND I have 5.5k in the bank but 5k is to survive winter so things are a bit tight but it will be ok since I got work until Xmas AND April the money starts coming in again (see January-March is 0 income).

    Figure this my 4th year I grossed 21k by end of August and it's my BEST year and that's the truth and not some estimate or then a LOT of business owners talk a little too much, we're ALL guilty of it but this is the truth.

    Now I can get 10 thousand dollar loan at the bank (oh they want me to sign very badly cuz the cute teller NO that is a dumb idea) see the interest is 15% so pay $12,000 in the end +2k is work ALL of July for FREE a whole MONTH just to pay the interest is a BAD deal even more so for a new business thou the cute teller doth tempt oh yeth look, a straight head on the shoulders is a requirement, temptation will do you in so you want to survive and be successful then you do not let temptation lead your way, be it greed or lust one must be careful.

    So don't go in debt because your first year is very HARD financially (I really mean it) it is much better NO debt and NO loans, the payments kill you they repo your stuff when you don't go NO money man... Look around the forum, you will see Lco's complaining how slow things get and is not many of them cauz a LOT of us are embarrassed to admit this.

    In that sense buy what you can afford and used is not a bad idea even IF you gotta buy another one your 2nd year, I didn't buy a new wb until this my 4th year and I got a loan of sorts thou I CAN pay it off right now so it's a 'I dont need a loan type of loan'
  7. The Ripper

    The Ripper LawnSite Member
    Messages: 132

    Hey Firemandud

    If you need any help I work in seminole county, and I also do a lot of county mowing in Orlando. I would be happy to help if you need any type of assistance.
  8. nobagger

    nobagger LawnSite Gold Member
    from Pa
    Messages: 3,065

    We started out with our main mower being probably 10yrs old. If you were to buy a used mower try looking for a llc selling used mowers. Yeah they are probably well used but they have been serviced on a regular schedule. We bought our's for 1k its a 48" Exmark it came with a bagger, 3 sets of blades, 2 sets of belts, owners manual, parts manual, and a Velkie (hardly used). Yeah its nice to have a warrany but if you run over something -not covered, flat tires-not covered and there isn't much to a mower engine and components once you break it down.
  9. FiremanDud

    FiremanDud LawnSite Member
    Messages: 93

    Thanks guys this site is great, Ripper where do you work?
  10. The Ripper

    The Ripper LawnSite Member
    Messages: 132

    I own a full service Landscape and Landscape maintenance company. HHLC, Inc. is the name of it. You can email me at hhlawncare@hotmail.com.

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