Mower Finance partners with multiple lenders to find the right payment solution for your financial situation. One application gives you access to the full network. No matter your credit profile or length of time in business, we will strive to match you with an appropriate program. Below are the basic programs we offer. Variations may be available depending on your situation.
BASIC COMMERCIAL PROGRAM
$5,000-$550,000
A versatile program covering a wide range of dollar amounts and credit profiles, serviced by multiple lenders/lessors.
Rate* Factors
24 Months | 36 Months | 48 Months | 60 Months | 72 Months | ||
---|---|---|---|---|---|---|
“A” Credit 725+ CBR | Amounts up to $550,000 | 0.04659 | 0.03195 | 0.02486 | 0.02603 | 0.01782 |
“B” Credit 675+ CBR | Amounts up to $75,000 | 0.04681 | 0.03217 | 0.024509 | 0.02086 | 0.01806 |
“C” Credit 650+ CBR | Amounts up to $50,000 | 0.04816 | 0.03325 | 0.02605 | 0.02175 | 0.01891 |
“D” Credit 625+ CBR | Amounts up to $35,000 | 0.05359 | 0.03847 | 0.03125 | 0.02702 | N/A |
Calculate the Monthly Payment
Total Amount Financed | Multiply by Rate Factor | Monthly Payment |
---|---|---|
$10,000 (Example) | 0.024509 (B Credit/48 Months) | $245.09 |
*Rate Factors shown represent the optimal rate from one provider in our network of lenders/lessors. Quoted rates are for comparison only and are subject to change at any time without notice. Rate factors vary depending on multiple credit factors and other 3rd party information. May require security deposit or additional collateral. Approval and approval amount are subject to credit eligibility and not guaranteed. Must be 18 or older to apply.
COMPACT TRACTOR PROGRAMS
$15,000-$550,000
Fleets, tractors, and other heavy equipment are eligible for this higher-dollar program which is available in several forms.
Mower Finance Rate* Factors
24 Months | 36 Months | 48 Months | 60 Months | |
---|---|---|---|---|
$1 Buy Out | 0.046124 | 0.031845 | 0.024721 | 0.020467 |
10% FMV | 0.04213 | 0.029297 | 0.022288 | 0.01906 |
9 Month/3 Month | 0.058615 | 0.04033 | 0.03243 | 0.024607 |
Calculate the Monthly Payment
Total Amount Financed | Multiply by Rate Factor | Monthly Payment |
---|---|---|
$20,000 (Example) | 0.024721 (A Credit/48 Months) | $494.54 |
*Rates factors shown are optimal. Rate factors vary depending on credit factors and other 3rd party information. May require security deposit or additional collateral. Approval is not guaranteed.