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Post Info TOPIC: New financing option


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Date: Oct 26, 2011
New financing option
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The Yard Card, traditionally used by landscape contractors to finance purchases, is now accepting pressure cleaning contractors. This is a private label revolving credit card, issued by TD Bank, NA. The APR is 28.99%, however special promotional rates are available. Right now we are offering 6.9% APR for 48 months on equipment purchases. Call or email me for an application.



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Russ Johnson
Southside Equipment, Inc
Pressure Cleaning Equipment Service Chemicals
Louisville, KY
888-243-6506


guest

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Posts: 2289
Date: Oct 26, 2011
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Russ do you offer rent to own programs? when I was in Florida I saw where they rent to own sheds lol, you will only see this in Florida.



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H20 POWERWASHING
Roof Cleaning Lanoka Harbor NJ 08734
clydesampsel@gmail.com
www.roofcleaningjerseyshore.com



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Posts: 135
Date: Oct 26, 2011
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No, but I can get you some rent-to own 24" wheels for your truck...lol...

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Russ Johnson
Southside Equipment, Inc
Pressure Cleaning Equipment Service Chemicals
Louisville, KY
888-243-6506


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Date: Oct 26, 2011
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We had at one time a leasing company when we bought our John Deere Skid Steer and it was leased with an option to buy at the end for like a dollar buy out.
Not sure what the difference may be but I understand lenders are a less skittish with lending of that type. Being that they technically own it it can be repo'ed if need be. Something to check into??
Here is one I have found:

http://www.coastalcapitalgroupinc.com/financing-equipment.html

 

I forget who we had at the time, but it worked out well.

Kim R



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Posts: 135
Date: Oct 26, 2011
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The only drawback to leasing is the fact that you're locked in full term. With the Yard card, it's a credit card, so you can pay it off quicker if you like, and save interest. The 6.9% promotion means that for the first 4 years, you're interest rate is reduced to 6.9%, but if you stretch it out longer than the 4 years, it reverts to the then current standard rate, currently 28.99%.

 

And, I have actually reposessed equipment at the leasing company's request.



-- Edited by Southside Equipment on Wednesday 26th of October 2011 09:09:59 PM

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Russ Johnson
Southside Equipment, Inc
Pressure Cleaning Equipment Service Chemicals
Louisville, KY
888-243-6506
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