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Scag Financing? Or others?

Discussion in 'Lawn Mowing' started by CTservices, Jul 26, 2003.

  1. CTservices

    CTservices LawnSite Member
    Messages: 103

    Anyone know if Scag financing or any other companies run any low interest or defered payments in the off season? I am looking at a tiger cub 52"/24 honda or a Turf Tiger 52"/25 kohler, but can wait until winter to buy. I noticed there current special interest rates run out in October.

    Any other Financing companies that do special rates for LCO's?

    Thanks
     
  2. GLAN

    GLAN Banned
    Messages: 1,647

    Your equipment dealer should be able to get that info for you. Not only that but I get info in the mail companies wanting me to use their money to buy.

    Also why not do a search on the internet.?

    One company that my equipment dealer offers is a company called Scheffield. They are great. Lease to own all my stuff through them.
     
  3. pottstim

    pottstim LawnSite Senior Member
    Messages: 501

    I bought my Toro WB nearly 2 months ago, and the dealer financed me through a local bank for 6.25%. The financing through Toro was ridiculous, as it was something like 15% . I think they had same as cash for like a year. If i remeber right, if you didn't pay it off before the year was up, you paid the 15% interest, plus the interest that had acrewed over that year-long period. So, I was much better off going through the local bank. I was also considering a Scag, and that particular dealer used John Deere credit. Their interest rate was going to be around 8.5%. So, you'll just have to do some shopping. A local bank could be your best bet. That particular bank gave me a better rate because I had good credit. The loan officer told me that without the better rate, I would have been paying around 7.5%. Good credit sure does help you out in the long run. Best of luck.
     
  4. CTservices

    CTservices LawnSite Member
    Messages: 103

    I've tried searching, haven't came up with anything for LCO's. SCAG uses scheffield for there financing. They offer 2 & 3 year plans right now, I'm looking for a 3-4 year plan. Besides, there I think I can find lower interest rates. I am just a part timer right now, but looking to go fulltime not too long down the road.

    Thanks for the Info.
     
  5. GLAN

    GLAN Banned
    Messages: 1,647

    Try these in your search

    "egquipment leasing"
    "construction equipment leasing"
    "landscape equipment leasing"

    Found many sources for funds..............
     

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