Trackman - finance or lease?

[RMNgolf]

Anybody know if trackman offers financing or a leasing option? I have an older model and am looking to get the new version, but the rep I bought it from has gone AWOL.

[ckay]

Go to the bank and get a loan?

[ats200]

why buy something you can't afford?

[golf1931]

^^^

 

Financing is cheaper sometimes.... Time value of money

[squishyy]

^^^

 

Financing is cheaper sometimes.... Time value of money

 

 

Financing is cheaper sometimes? Um...

[melo]

^^^

 

Financing is cheaper sometimes.... Time value of money

 

 

Financing is cheaper sometimes? Um...

 

this is true. anytime you are offered a 0% loan, the time value of money, even in our current economy is better than buying the product.

 

for example, if you were going to buy a 10k trackman and had the money, but they offered a zero percent finance, you would be better off investing that money in any of number of things (a 20% down payment on a 50k property that brings in $600 per month in rent would pay off itself and the trackman)

[DaveTrom]

Who says all investments go up? The zero percent loans are usually 6 months to a year, then you will get hit with market rate interest.

[melo]

even if it is a year, if i have the cash, then i can make more than 0% in a year without question.

[vitaminsteve]

Like the old adage.. "If you have to ask you can't afford it"

[RMNgolf]

Like the old adage.. "If you have to ask you can't afford it"

 

Pretty awesome how so many people on this forum are financial experts --- even more awesome that I asked a simple question and not a single person answered it (though I do appreciate the folks that responded about TVM to shut up the presumptuous knuckleheads that asserted an opinion for which nobody asked)

 

In any event, I am interested in a lease because I own a company that operates in the golf industry --- a lease can be expensed (reduce income). Similarly, a purchase (finance) allows me to depreciate the purchase over time and expense the interest payments --- both of which reduce the effective cost of the unit for me, making it a more practical purchase.

 

So if anyone has any information on leasing/financing information, I'd be glad to hear it. Not really interested in financial advice. Thanks.

[vitaminsteve]

Like the old adage.. "If you have to ask you can't afford it"

 

Pretty awesome how so many people on this forum are financial experts --- even more awesome that I asked a simple question and not a single person answered it (though I do appreciate the folks that responded about TVM to shut up the presumptuous knuckleheads that asserted an opinion for which nobody asked)

 

In any event, I am interested in a lease because I own a company that operates in the golf industry --- a lease can be expensed (reduce income). Similarly, a purchase (finance) allows me to depreciate the purchase over time and expense the interest payments --- both of which reduce the effective cost of the unit for me, making it a more practical purchase.

 

So if anyone has any information on leasing/financing information, I'd be glad to hear it. Not really interested in financial advice. Thanks.

There it is, you cant afford it

[Arizonalefty59]

Like the old adage.. "If you have to ask you can't afford it"

 

Pretty awesome how so many people on this forum are financial experts --- even more awesome that I asked a simple question and not a single person answered it (though I do appreciate the folks that responded about TVM to shut up the presumptuous knuckleheads that asserted an opinion for which nobody asked)

 

In any event, I am interested in a lease because I own a company that operates in the golf industry --- a lease can be expensed (reduce income). Similarly, a purchase (finance) allows me to depreciate the purchase over time and expense the interest payments --- both of which reduce the effective cost of the unit for me, making it a more practical purchase.

 

So if anyone has any information on leasing/financing information, I'd be glad to hear it. Not really interested in financial advice. Thanks.

There it is, you cant afford it

No need to continually troll people.

[kdog25]

Like the old adage.. "If you have to ask you can't afford it"

 

Pretty awesome how so many people on this forum are financial experts --- even more awesome that I asked a simple question and not a single person answered it (though I do appreciate the folks that responded about TVM to shut up the presumptuous knuckleheads that asserted an opinion for which nobody asked)

 

In any event, I am interested in a lease because I own a company that operates in the golf industry --- a lease can be expensed (reduce income). Similarly, a purchase (finance) allows me to depreciate the purchase over time and expense the interest payments --- both of which reduce the effective cost of the unit for me, making it a more practical purchase.

 

So if anyone has any information on leasing/financing information, I'd be glad to hear it. Not really interested in financial advice. Thanks.

There it is, you cant afford it

 

Who knew the Internet would be so great, yet so awful, all at once.

[dubogey]

^^^

 

Financing is cheaper sometimes.... Time value of money

 

 

Financing is cheaper sometimes? Um...

 

this is true. anytime you are offered a 0% loan, the time value of money, even in our current economy is better than buying the product.

 

for example, if you were going to buy a 10k trackman and had the money, but they offered a zero percent finance, you would be better off investing that money in any of number of things (a 20% down payment on a 50k property that brings in $600 per month in rent would pay off itself and the trackman)

 

this man knows.

[ats200]

^^^

 

Financing is cheaper sometimes.... Time value of money

 

 

Financing is cheaper sometimes? Um...

 

this is true. anytime you are offered a 0% loan, the time value of money, even in our current economy is better than buying the product.

 

for example, if you were going to buy a 10k trackman and had the money, but they offered a zero percent finance, you would be better off investing that money in any of number of things (a 20% down payment on a 50k property that brings in $600 per month in rent would pay off itself and the trackman)

 

this man knows.

 

Actually that advice is terrible and doesn't take any real life variables into account. No you're paying 4% interest in a 40K loan plus you're 10k in the hole for a Trackman. You're then only getting (theoretically) $600/mo back, assuming someone is actually in the home and paying rent for full duration of the term, and you'll be paying double the cost of the home in interest on a 30 year mortgage plus expenses of management and maintenance. Oh and you're also not going to make 10K back in a year on that $600 rent so depending on the term of the 0% you're tacking that accrued interest on top of this bill.

 

Can't afford a Trackman? Why not buy a house too? Solid logic here.

[ats200]

Like the old adage.. "If you have to ask you can't afford it"

 

Pretty awesome how so many people on this forum are financial experts --- even more awesome that I asked a simple question and not a single person answered it (though I do appreciate the folks that responded about TVM to shut up the presumptuous knuckleheads that asserted an opinion for which nobody asked)

 

In any event, I am interested in a lease because I own a company that operates in the golf industry --- a lease can be expensed (reduce income). Similarly, a purchase (finance) allows me to depreciate the purchase over time and expense the interest payments --- both of which reduce the effective cost of the unit for me, making it a more practical purchase.

 

So if anyone has any information on leasing/financing information, I'd be glad to hear it. Not really interested in financial advice. Thanks.

 

This might sound crazy but ask Trackman. You said your old dealer is AWOL but even if we told you financing was available, how are you going to buy it?

[Poor Posture]

I googled "trackman financing" and landed on their site: *Financing available (varies by location)

To buy or to get more information about our pricing - Use the contact form below

 

Here's the link to the page and the form:

 

http://trackmangolf.com/products/trackman-4

 

 

[melo]

Like the old adage.. "If you have to ask you can't afford it"

 

Pretty awesome how so many people on this forum are financial experts --- even more awesome that I asked a simple question and not a single person answered it (though I do appreciate the folks that responded about TVM to shut up the presumptuous knuckleheads that asserted an opinion for which nobody asked)

 

In any event, I am interested in a lease because I own a company that operates in the golf industry --- a lease can be expensed (reduce income). Similarly, a purchase (finance) allows me to depreciate the purchase over time and expense the interest payments --- both of which reduce the effective cost of the unit for me, making it a more practical purchase.

 

So if anyone has any information on leasing/financing information, I'd be glad to hear it. Not really interested in financial advice. Thanks.

 

This might sound crazy but ask Trackman. You said your old dealer is AWOL but even if we told you financing was available, how are you going to buy it?

 

I'm not sure what your background is in terms of business, but as someone whose entire family is in rental real estate, I can assure you that my logic is far from terrible.

 

Firstly, if you have the 10k, which I assumed in my example, you CAN afford a trackman.

 

Secondly, at about 3.75% interest, the loan on a 50k home with 10k down is about $150/month. I was not assuming a 12 month term on trackman, I was assuming something more along the lines of 24 months. And to be fair, if he really wanted one he could open a corporate Citibank card and get 0% for 22 months right of the bat.

 

Now, if you don't want to buy property, then don't. However, you will be hard pressed to realize any of the return on your other investments that you see on rental real estate on top of consistent monthly income and the fact that in the end you still own the, usually, appreciated property.

 

I bought a house 3 years ago using the money I sold my last car for as the down payment. That house in 3 years paid for it's own mortgage every month and the car payment and insurance on the brand new car, which is now paid off. Now I still own the house, and I still get to collect $900 every month.

 

To each their own

[GoIrish17]

I googled "trackman financing" and landed on their site: *Financing available (varies by location)

To buy or to get more information about our pricing - Use the contact form below

 

Here's the link to the page and the form:

 

http://trackmangolf....ucts/trackman-4

 

You totally threw this thread off course by actually commenting on the OP's post. I thought it was a finance course for a second.

[Krt22]

I googled "trackman financing" and landed on their site: *Financing available (varies by location)

To buy or to get more information about our pricing - Use the contact form below

 

Here's the link to the page and the form:

 

http://trackmangolf....ucts/trackman-4

 

You totally threw this thread off course by actually commenting on the OP's post. I thought it was a finance course for a second.

 

9/10 of threads in this forum either turn into finance courses or are filled with others telling you how to spend your money/live your life

[rjp322]

^^^

 

Financing is cheaper sometimes.... Time value of money

 

 

Financing is cheaper sometimes? Um...

 

this is true. anytime you are offered a 0% loan, the time value of money, even in our current economy is better than buying the product.

 

for example, if you were going to buy a 10k trackman and had the money, but they offered a zero percent finance, you would be better off investing that money in any of number of things (a 20% down payment on a 50k property that brings in $600 per month in rent would pay off itself and the trackman)

 

this man knows.

 

Actually that advice is terrible and doesn't take any real life variables into account. No you're paying 4% interest in a 40K loan plus you're 10k in the hole for a Trackman. You're then only getting (theoretically) $600/mo back, assuming someone is actually in the home and paying rent for full duration of the term, and you'll be paying double the cost of the home in interest on a 30 year mortgage plus expenses of management and maintenance. Oh and you're also not going to make 10K back in a year on that $600 rent so depending on the term of the 0% you're tacking that accrued interest on top of this bill.

 

Can't afford a Trackman? Why not buy a house too? Solid logic here.

 

It is actually very sound advice. We are talking about 0%. Not really sure how you are going to now bring in 4%. Anytime you are offered 0% on a bigger purchase you should always finance it. If you can't make better than 0% on your money, then I feel bad for you. And we are talking about true 0%, not this 0% for year 1 and then get hit with interest. Then its obvious why it can be a very bad idea.

[robrey85]

Hell, this is on my "radar" now that I know you can finance, hardy har.

 

Let's see...new car or new Trackman...

[ats200]

It is actually very sound advice. We are talking about 0%. Not really sure how you are going to now bring in 4%. Anytime you are offered 0% on a bigger purchase you should always finance it. If you can't make better than 0% on your money, then I feel bad for you. And we are talking about true 0%, not this 0% for year 1 and then get hit with interest. Then its obvious why it can be a very bad idea.

 

4% was interest on the home. I disagree with everything you said but we don't have to agree so I'll leave it at that.

[kidrobot]

If you have 10k sitting around that you can throw at a Trackman but they offer 0% interest financing, you'd be an idiot not to take it. Even taking the most conservative option possible and just stuffing that 10k into a high-yield savings account, you'll end up with greater than 0% gains. Using the 10k as a down payment on a house to rent out has higher risk but a potentially higher ROI. Same idea as taking that 10k and investing into an index fund.

 

Credit is an extremely effective tool if utilized properly. If you are adamant about paying straight cash for everything and never taking advantage of cheap money (which low-interest financing is), you'll never be in debt, but you'll never see a real return on investment, either.