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Leasing or Financing Company Recommendations

 
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SigSauerNY
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Joined: 14 Feb 2010
Posts: 306
Location: Woodmere, NY

PostPosted: Jan 09 2014    Post subject: Leasing or Financing Company Recommendations Reply with quote

Buying a new pit prefer to put down some cash and finance the rest however leasing companies don't exactly sit well with me.

Anyone here ever lease or finance a piece of equipment and have a positive referral for them?

Thanks
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Mr Tony's BBQ
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Joined: 01 Aug 2010
Posts: 5067
Location: Fredonia Wi

PostPosted: Jan 09 2014    Post subject: Reply with quote

I personally used a couple credit card checks with very low intro rates i.e. 1.5 yrs 0.0% plus 3% of transaction....then swapped to another right before period ended - but paid like all get-up to avoid finance charges, being SURE to never be late....paid far less finance charges / fee's for pit and trailer than I did on my tow vehicle [new F-350] , all of which are tax deductible for business use, if your set-up as a business - very simple, get FEIN or tax number, I have run as a sole proprietor for 23 years now....Check with a good accountant or book keeper in your state for local and any new fed laws...You will most likely have to amotorize [ sp? ] for 7 years..
IF you go this route, be SURE to make good notes on when "free money" or low rate expires, the monthly finance charges can be more per month than the fee to write another check from a different card, but a good way to use the system THEY put in place - YMMV - I started with very good credit, and still have it, but again, YMMV
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