Question about financing

[175gr7.62]

Financing an ATV is like financing a vacation ... if you can't pay cash for it, you really don't need it.

Whaaa??? Last one I financed I think the rate I got was about 4.25%. My investments makes more than that. Why wouldn't someone use their money at 4.25% vs your own at 6.5-7%.

To the OP, I don't think your credit score needs to be very high at all. I would think if you are over 600 with a little cash down you won't have any problems.

[6.5 shooter]

Whaaa??? Last one I financed I think the rate I got was about 4.25%. My investments makes more than that. Why wouldn't someone use their money at 4.25% vs your own at 6.5-7%.

To the OP, I don't think your credit score needs to be very high at all. I would think if you are over 600 with a little cash down you won't have any problems.

^^^^
This!
I have 0 debt and just financed a piece of equipment for 0% for 48 months. It was a no brainer for me.

[UrbanBuck]

haha you people,... what are you financial advisors?? If the man wants an ATV then good for him. You only live once, have fun you cant take it with you.

[Texastaxi]

You're as right as you are tall. Half. [emoji23]


If you are needing a unit to use daily around your farm or ranch, then I don't see an issue with financing one. I financed my Ranger and got a good rate. It's basically a small car payment. Saves my truck some abuse, and the kids love it! You don't live on a ranch with kids and not have an ATV/UTV imo. We get as much fun outta my Ranger as we do work...mine gets used everyday for ranch chores, hunting, running around, etc.

No way would I finance one to sit in my garage for the majority of the year.




Skinny

Very valid point, but since the OP is mentioning his "office idiot", I doubt that he will be using it in that capacity ... but I've been half right before!

Whaaa??? Last one I financed I think the rate I got was about 4.25%. My investments makes more than that. Why wouldn't someone use their money at 4.25% vs your own at 6.5-7%.

To the OP, I don't think your credit score needs to be very high at all. I would think if you are over 600 with a little cash down you won't have any problems.

Again, since he's asking about credit scores, probably not in the same boat.

[solocam_aggie]

High 700's and only a mortgage for debt. Sounds like you are golden.