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

Maintaining a beautiful lawn 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 options allow you to get the mower you need now while spreading the cost over time through affordable monthly payments.

In this comprehensive guide, we’ll explore everything you need to know about lawn mower financing, including:

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

Benefits of Lawn Mower Financing

There are several advantages to financing a lawn mower rather than paying the full price upfront:

Get a better mower: Financing allows you to purchase a higher-quality mower that may otherwise be out of your immediate price range.
Preserve cash flow: By spreading payments over time, you can keep more cash on hand for other expenses.
Affordable payments: Many financing plans offer low monthly payments to fit your budget.
Build credit: Making on-time payments can help improve your credit score.
Tax benefits: If you use the mower for business, the interest may be tax-deductible (consult your tax advisor).

Types of Lawn Mower Financing

There are several financing options available when purchasing a lawn mower:

1. Manufacturer Financing

Many major lawn mower brands offer their own financing programs, often with special promotions like 0% APR for a set period. For example, John Deere offers financing on their lawn and garden equipment with options like 0% APR for 48 months on select models.

2. Retailer Financing

Home improvement stores and lawn equipment retailers frequently partner with financial institutions to offer financing at the point of sale. This can include options like deferred interest promotions.

3. Personal Loans

You can take out a personal loan from a bank, credit union, or online lender to finance your lawn mower purchase. These loans typically have fixed interest rates and terms.

4. Credit Cards

Some credit cards offer promotional 0% APR periods on purchases, which could be used to finance a lawn mower. However, be cautious of high interest rates if the balance isn’t paid off during the promotional period.

5. Lease-to-Own Programs

Some companies offer lease-to-own options where you make payments over time with the option to purchase the mower at the end of the lease term.

How to Qualify for Lawn Mower Financing

Qualifying for lawn mower financing typically depends on factors such as:

Credit score
Income
Debt-to-income ratio
Employment history

While requirements vary by lender, here are some general guidelines:

Credit Score	Likelihood of Approval
700+	Excellent
640-699	Good
580-639	Fair
Below 580	Poor – May require a cosigner or down payment

To improve your chances of approval, consider:

Checking your credit report and addressing any errors
Paying down existing debts
Saving for a down payment
Getting a cosigner with strong credit

Top Lawn Mower Brands Offering Financing

Many leading lawn mower manufacturers provide financing options. Here are some popular brands and their financing programs:

1. John Deere

John Deere offers flexible financing through John Deere Financial. They frequently run promotions like 0% APR for 48 months on select models. Learn more about John Deere financing options.

2. Toro

Toro partners with TD Retail Card Services to offer the Toro Credit Card, which provides special financing promotions on Toro equipment purchases.

3. Husqvarna

Husqvarna offers financing through Synchrony Bank, with options like no interest if paid in full within 12 months on qualifying purchases.

4. Cub Cadet

Cub Cadet provides financing through TD Retail Card Services, offering promotional financing options on their lawn and garden equipment.

5. Troy-Bilt

Troy-Bilt partners with Citi Retail Services to offer the Troy-Bilt Credit Card, which includes special financing promotions on Troy-Bilt equipment.

Tips for Getting the Best Lawn Mower Financing Deal

To ensure you get the most favorable financing terms for your lawn mower purchase, consider these tips:

Compare multiple offers: Don’t settle for the first financing option you find. Compare rates and terms from various lenders, including manufacturer financing, personal loans, and credit cards.
Watch for promotions: Many retailers and manufacturers offer special financing promotions, especially during spring and early summer. Look for deals like 0% APR for a set period.
Read the fine print: Pay close attention to the terms and conditions, especially for deferred interest promotions. Understand what happens if you don’t pay off the balance within the promotional period.
Consider the total cost: Don’t focus solely on the monthly payment. Calculate the total cost of the loan, including interest and fees, to ensure you’re getting a good deal.
Negotiate: If you’re financing through a dealer or retailer, try negotiating the purchase price of the mower before discussing financing. A lower purchase price means less to finance.
Make a down payment: If possible, make a down payment to reduce the amount you need to finance. This can lead to better terms and lower monthly payments.
Check your credit: Before applying for financing, check your credit report and score. If your credit needs improvement, take steps to boost it before applying.

Lawn Mower Financing FAQs

Q: Can I finance a used lawn mower?

A: Yes, many lenders offer financing options for used lawn mowers. However, terms may be less favorable than those for new equipment.

Q: What credit score do I need to finance a lawn mower?

A: While requirements vary by lender, a credit score of 640 or higher will generally give you access to the best financing options. Some lenders may approve loans for lower credit scores, but terms may be less favorable.

Q: How long can I finance a lawn mower?

A: Typical lawn mower financing terms range from 12 to 60 months. Longer terms mean lower monthly payments but more interest paid over time.

Q: Is it better to finance or lease a lawn mower?

A: Financing is generally better if you plan to keep the mower long-term, as you’ll own it outright after paying it off. Leasing may be preferable if you want lower monthly payments and the ability to upgrade to a new model every few years.

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, comparing offers, and choosing the right financing plan for your situation, you can enjoy a well-manicured yard while keeping your finances in order.

Remember to always read the terms and conditions carefully before committing to any financing agreement. With the right approach, you can find a lawn mower financing option that keeps both your lawn and your wallet green.