The Ultimate Guide to Lawn Mower Financing: Get the Perfect Mower for Your Yard

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:

The benefits of financing a lawn mower
Types of financing available
Top lawn mower brands that offer financing
How to qualify for lawn mower financing
Tips for getting the best financing terms

Benefits of Financing Your Lawn Mower Purchase

There are several advantages to financing a lawn mower instead of paying the full price upfront:

Get a better mower – Financing allows you to purchase a higher-quality mower that may have been out of your immediate budget otherwise.
Preserve cash flow – Keep more money in your pocket by spreading payments out over time rather than depleting savings.
Flexible payment terms – Many financing options offer terms from 12-60 months to fit your budget.
Potential tax benefits – If you use the mower for business purposes, the interest may be tax-deductible (consult your tax advisor).
Build credit – Making on-time payments can help improve your credit score over time.

Types of Lawn Mower Financing Available

When it comes to financing a lawn mower, you have several options to choose from:

1. Manufacturer Financing

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.

2. Retailer Financing

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.

3. Personal Loans

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.

4. Credit Cards

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.

Top Lawn Mower Brands That Offer Financing

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.

How to Qualify for Lawn Mower Financing

While specific requirements vary by lender, there are some general factors that will impact your ability to qualify for lawn mower financing:

Credit score – Most lenders look for a credit score of at least 640, with the best rates reserved for scores of 700+.
Income – You’ll need to demonstrate sufficient income to make the monthly payments.
Debt-to-income ratio – Lenders prefer a DTI ratio of 43% or less.
Employment history – A stable employment history of 2+ years is ideal.
Down payment – Some financing options may require a down payment of 10-20%.

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.

Tips for Getting the Best Lawn Mower Financing Terms

To ensure you get the most favorable financing for your lawn mower purchase, keep these tips in mind:

1. Check Your Credit Report

Review your credit report for any errors that could be negatively impacting your score. Dispute any inaccuracies before applying for financing.

2. Compare Multiple Offers

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.

3. Look for Promotions

Keep an eye out for special financing promotions, especially during spring and early summer when demand for lawn mowers is highest.

4. Consider the Total Cost

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.

5. Read the Fine Print

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.

Alternatives to Traditional Lawn Mower Financing

If you’re unable to qualify for traditional financing or simply want to explore other options, consider these alternatives:

Rent-to-Own Programs

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.

Lease Options

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.

Used Mowers

Buying a quality used lawn mower can significantly reduce the purchase price, potentially allowing you to buy outright or qualify for better financing terms.

Maintaining Your Financed Lawn Mower

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:

Change the oil regularly (typically every 50 hours of use)
Keep the air filter clean and replace when necessary
Sharpen the blades at least once per season
Clean the underside of the mower deck after each use
Store the mower in a dry, covered area when not in use

Following these maintenance practices will help ensure your lawn mower lasts for years to come, maximizing the value of your financing investment.

Conclusion: Is Lawn Mower Financing Right for You?

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.