How To Get A Riding Mower Loan With Bad Credit

Need a new riding lawn mower ? If you have bad credit, you might think that you have few options as far as loans go, but this might not be the case. We may be able to help you get an offer for the lawn equipment that you need.

Get a fast riding lawn mower financing offer now, or take a look at all of your options.

A riding lawn mower

Online Riding Mower Loans

If you have bad credit, an online loan can get you the money that you need. Let’s take a minute to look at why this might be the solution for you.

More Lenders

When you apply for a loan online, you are dealing with more lenders. More lenders means more chances of getting a yes, especially since many of them will be used to working with bad credit. If you apply at a lawn equipment dealer, there might be only one or two different lenders available. This can make it difficult, especially since they are usually looking for borrowers with good credit.

Get Paid Directly

Online lenders will be making you a cash loan. This will give you the ability to shop at any dealer that you like. That is a huge advantage because it means that you will be able to get the exact model of riding mower that you like. It also gives you the ability to shop for price. You are not bound top shopping at just one dealer, so you can put dealer against dealer to secure the best deal.

Buy Here Pay Here Stores

If you are having trouble getting approved for a riding lawn mower loan, a Buy Here Pay Here store might be an option.

Easy Approval

These stores deal exclusively with people that have bad credit. This means that if you have a job, you are very likely to be approved for financing. Just fill out a short application, list some references and you will probably be qualified for a loan.

Quick Pickup

Since most of these stores will be local, if approved, you can probably pick up your new riding lawn mower today. If the grass is growing right now, this might be something that is very important to you.

Used Riding Lawn Mowers

One last option if you have bad credit is to simply turn to the used mower market. Here is why this might be a good choice.

It Is Cheaper

Instead of spending 2000 dollars for a riding lawn mower, you might be able to spend a fraction of that price. Mowers in good condition can be had for half of the price of new, if not less, you just need to keep an eye on the classified.

No Monthly Payment

Buy your mower now and be done with it. No long term loan contract or monthly payments to make.

Which Option Is Best

Now that you know the options, which one should you choose. All of these options can get you the riding mower that you need, but what is best for you.

Online Loans

An online loan is easy to get and you will get paid directly, so that you can buy your mower wherever you like. The catch is that the interest and/or fees will be higher than what someone with good credit would pay.

Buy Here Pay Here

If you want the best odds of approval, this may be the route to go. That is a great thing if you need your lawn equipment fast, but keep in mind that you will pay high interest just like with an online loan. Another problem is that the price of the mower will likely be over market price and selection will be limited.

Used Mowers

This is a great way to get a mower without the commitment of log term financing. On the downside, you have to be careful about not purchasing a mower that is on its last leg. You also have to have the money for the mower in cash.