Keeping your lawn looking pristine requires the right equipment, but purchasing a high-quality lawn mower outright can be a significant expense. That's where lawn mower financing comes in. Financing allows you to get the mower you need now while spreading the cost out over time through affordable monthly payments.
In this comprehensive guide, we'll cover everything you need to know about lawn mower financing options, including:
There are several advantages to financing a lawn mower instead of paying the full price upfront:
When it comes to financing a lawn mower, you have several options to choose from:
Many major lawn mower brands offer their own financing programs, often with special promotional rates. For example, John Deere offers 0% APR financing for up to 60 months on select models.
Home improvement stores and lawn equipment dealers frequently partner with lending companies to offer financing at the point of sale. This allows you to apply and get approved right at the store.
Taking out a personal loan from a bank or online lender is another option for financing a lawn mower purchase. Personal loans typically offer fixed interest rates and terms.
Some credit cards offer 0% APR promotional periods on purchases, which could be used to finance a lawn mower. However, be sure you can pay off the balance before the promotional period ends to avoid high interest charges.
Many of the leading lawn mower manufacturers provide attractive financing options directly to consumers. Here are some of the top brands to consider:
| Brand | Financing Offered |
|---|---|
| John Deere | 0% APR for up to 60 months on select models |
| Toro | No interest if paid in full within 12 months |
| Cub Cadet | 0% APR financing for 36 months on purchases of $1500+ |
| Husqvarna | No interest if paid in full within 6 months |
Be sure to check the current promotions offered by these and other brands, as financing terms can change periodically.
While specific requirements vary by lender, there are some general factors that will impact your ability to qualify for lawn mower financing:
If you're concerned about qualifying, consider asking a family member with strong credit to co-sign on the loan. This can help you get approved and potentially secure better terms.
To ensure you get the most favorable financing for your lawn mower purchase, keep these tips in mind:
Review your credit report for any errors that could be negatively impacting your score. Dispute any inaccuracies before applying for financing.
Don't just go with the first financing option you find. Shop around and compare offers from at least 3-4 lenders to find the best rates and terms.
Keep an eye out for special financing promotions, especially during spring and early summer when demand for lawn mowers is highest.
While a lower monthly payment may be tempting, be sure to calculate the total cost of the loan over its entire term. A shorter term with slightly higher payments could save you money overall.
Pay close attention to the terms and conditions, especially for promotional offers. Look out for things like deferred interest that could cost you if you don't pay off the balance in time.
If you're unable to qualify for traditional financing or simply want to explore other options, consider these alternatives:
Some retailers offer rent-to-own programs where you can make monthly rental payments that go towards eventually owning the mower. This can be a good option if you have less-than-perfect credit.
Leasing a lawn mower allows you to make lower monthly payments compared to purchasing. At the end of the lease term, you typically have the option to buy the mower, return it, or lease a new model.
Buying a quality used lawn mower can significantly reduce the purchase price, potentially allowing you to buy outright or qualify for better financing terms.
Once you've secured financing and purchased your new lawn mower, it's important to properly maintain it to protect your investment. Here are some key maintenance tips:
Following these maintenance practices will help ensure your lawn mower lasts for years to come, maximizing the value of your financing investment.
Lawn mower financing can be an excellent way to get the equipment you need to maintain a beautiful lawn without breaking the bank. By understanding your options, shopping around for the best terms, and maintaining your mower properly, you can enjoy a well-manicured yard for years to come.
Remember to carefully consider your budget and financial situation before committing to any financing agreement. If you're unsure, consult with a financial advisor to determine if lawn mower financing is the right choice for you.
With the right approach, financing can help you achieve the lawn of your dreams without compromising your financial health. Happy mowing!
For more information on lawn care and equipment, check out this comprehensive guide to lawn mower types from Bob Vila.