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Joey
If you own a home with some equity look into an equity line of credit. Your intrest rate on those is around 4%. I financed my mower that way and instead of paying 200 plus a month I only had to pay something like 45 dollars. Yea the loan streaches over 15 years but you will pay your mower off long before then (I was able to do it in two years parttime, and I dont work year round...Actually thats a bit of a lie because I had to purchase a new truck last spring so I had to shift the cash flow a bit, however the lower mower payment made it no sweat and if I didn't have to purchase the truck I would have paid the mower off), but until you increase your cash flow its a real easy payment to make. No penalties for paying it off early either. I also purchased a new truck last spring. zero down, zero intrest, I will be happy to borrow fords moneys for free for five years. Take advantage of this stuff now before it goes away. Plus there are some really neat tax advantages you can do but I will let your CPA tell you that part.
If you own a home with some equity look into an equity line of credit. Your intrest rate on those is around 4%. I financed my mower that way and instead of paying 200 plus a month I only had to pay something like 45 dollars. Yea the loan streaches over 15 years but you will pay your mower off long before then (I was able to do it in two years parttime, and I dont work year round...Actually thats a bit of a lie because I had to purchase a new truck last spring so I had to shift the cash flow a bit, however the lower mower payment made it no sweat and if I didn't have to purchase the truck I would have paid the mower off), but until you increase your cash flow its a real easy payment to make. No penalties for paying it off early either. I also purchased a new truck last spring. zero down, zero intrest, I will be happy to borrow fords moneys for free for five years. Take advantage of this stuff now before it goes away. Plus there are some really neat tax advantages you can do but I will let your CPA tell you that part.
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