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SigSauerNY BBQ Fan

Joined: 14 Feb 2010 Posts: 306 Location: Woodmere, NY
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Posted: Jan 09 2014 Post subject: Leasing or Financing Company Recommendations |
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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 _________________ Proud Member of Team Ranstad
www.TheHickoryBBQ.com |
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Mr Tony's BBQ BBQ All Star

Joined: 01 Aug 2010 Posts: 5067 Location: Fredonia Wi
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Posted: Jan 09 2014 Post subject: |
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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 _________________ Money Maker
Scrapper
Mr Tony's Kitchen http://www.thesmokering.com/forum/viewtopic.php?t=67601
Being Blessed with income from my passion!
WWW.MRTONYSBBQ.COM |
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