A Collierville, TN landscaping company that keeps renting a stump grinder can set its rental days each month against a loan payment on a grinder of its own, and a wood chipper for tree cleanup can go on an equipment loan as well. Baydale talks the numbers through by phone, and a funding partner decides on any offer. Every figure below is invented.
In an invented case, renting a stump grinder two or more days a month costs more than the $726.42 invented payment on a $28,750 grinder, and an invented $36,400 chipper runs 60 payments of $768.03. Signed maintenance contracts and wear parts round out the request.
Landscaping finance for a stump grinder: renting by the day or making a monthly payment
A crew that grinds stumps after a tree comes down pays the rental yard by the day when it does not own a grinder, plus any delivery charge. Once those days add up, a loan payment on a machine of its own becomes the number to compare.
Invented figures: a self-propelled stump grinder priced at $28,750 costs $726.42 a month over 48 months at a 9.8% annual rate, and the 48 invented payments total $34,868.16, $6,118.16 of it interest. The rental yard in this invented example charges $395 a day.
In this invented case one rental day a month ($395) costs less than the loan payment, and two days ($790) cost more. Owning also brings repairs, storage and insurance that the rental yard had covered, so the owner can add those to the monthly side before deciding.
A wood chipper for a Collierville, TN crew that takes on tree cleanup
A crew that adds tree cleanup to its mowing and bed work needs a way to deal with the branches. A towable wood chipper turns them into chips at the curb and spares the crew trips to dump brush, and the chips can go back into beds as mulch.
In this invented example the chipper costs $36,400. Over a 60-month term at a 9.7% annual rate the invented payment comes to $768.03; sixty invented payments total $46,081.80, carrying $9,681.80 of interest.
A towable chipper has a serial number and may carry a title or registration, and a funding partner that finances it may record a lien until the last payment. Equipment financing lets the chipper stand as the security for its own loan.
Signed maintenance contracts in a Shelby County, TN landscaping request
Signed maintenance contracts show work booked ahead, and a partner may ask to see them alongside bank statements when it reviews an equipment request. A written contract with a monthly fee and an end date can be shown; a handshake arrangement cannot.
- Each signed contract, with its monthly fee and end date
- Business bank statements that show those fees arriving
- How long the company has operated
- The dealer quote for the grinder or chipper
A partner may weigh contracts as one factor among several; they do not decide an offer on their own. When a new contract needs materials or extra hours before its first invoice is paid, a business line of credit or a working capital loan fits that gap better than an equipment loan.
Grinder teeth, chipper knives and other costs that sit outside the loan
Grinder teeth, chipper knives and drive belts are replaced as they wear, so a partner may leave them out of the financed amount: they are used up long before the loan ends. Chaps, helmets with face shields and hearing protection for the crew are the same kind of cost.
Insurance on a financed machine is another line in the budget, and a partner may ask for proof of coverage on the equipment it finances. Listing wear parts and safety gear apart from the machine on the dealer quote keeps the financed amount clear.
The landscaping page prices other crew equipment with invented numbers, more articles are on the blog, and the request form reaches Baydale when the quote is ready.
By Baydale Funding Group · Updated
