Scag Finance Options

Scag mowers are known for their durability, performance, and professional-grade results. However, their quality often comes with a higher price tag. Fortunately, Scag offers various financing options to help individuals and businesses acquire the equipment they need without breaking the bank.

Understanding Your Financing Needs: Before exploring specific options, consider your needs and financial situation. Determine your budget, how much you can comfortably afford for monthly payments, and the intended use of the mower. Is it for personal lawn care, a growing landscaping business, or a large-scale commercial operation?

Scag Finance Programs: Scag partners with financial institutions to offer tailored financing solutions through their dealer network. These programs can vary, so it’s best to inquire with your local Scag dealer for the most current offerings. Common financing options include:

• Traditional Loan Financing: This is the most common option, involving a loan secured against the mower itself. You’ll make fixed monthly payments over a set term, typically ranging from 24 to 72 months. Interest rates will vary based on creditworthiness, loan term, and market conditions. This option allows you to own the mower outright after the loan is repaid.
• Leasing: Leasing allows you to use the mower for a specific period, typically 24 to 60 months, without owning it. You’ll make monthly lease payments, which are often lower than loan payments. At the end of the lease term, you typically have the option to purchase the mower at a predetermined price, renew the lease, or return the equipment. Leasing can be a good option for businesses that want to upgrade their equipment regularly or prefer to avoid the long-term commitment of ownership.
• Special Promotional Financing: Scag and its financing partners frequently offer promotional financing deals, such as low-interest rates or deferred payment options. These promotions can be a great way to save money and make a purchase more affordable. However, be sure to carefully review the terms and conditions of any promotional offer before committing.

Factors to Consider When Choosing a Financing Option:

• Interest Rates: Compare interest rates from different lenders to ensure you’re getting the best deal. Even a small difference in interest rate can significantly impact the total cost of the loan.
• Loan Term: Longer loan terms typically result in lower monthly payments but higher overall interest costs. Shorter loan terms mean higher monthly payments but lower overall interest costs.
• Down Payment: A larger down payment can reduce your monthly payments and potentially lower your interest rate.
• Credit Score: Your credit score plays a significant role in determining your eligibility for financing and the interest rate you’ll receive. A good credit score will generally qualify you for better terms.
• Fees: Be aware of any fees associated with the loan, such as origination fees, prepayment penalties, or late payment fees.

Working with Your Scag Dealer: Your local Scag dealer is your best resource for information about available financing options. They can help you compare different programs, complete the application process, and answer any questions you may have. Be prepared to provide financial information, such as your income, credit score, and business financial statements (if applicable). Remember to shop around and compare offers from different lenders to ensure you’re getting the best deal possible. Taking the time to research your options will help you make an informed decision and secure the financing that best suits your needs.