Stihl Shop Finance - Financial Steps

Financing options at Stihl Shop offer customers the ability to acquire the equipment they need for lawn care, landscaping, and construction projects without paying the full cost upfront. This allows individuals and businesses to spread payments over a defined period, making purchases more manageable and accessible.

The specific financing programs available can vary depending on the individual Stihl Shop dealer and their partnerships with financial institutions. Common financing options include:

Installment Loans: These are straightforward loans with fixed interest rates and payment schedules. Customers borrow a specific amount and repay it over a set number of months or years. Installment loans are typically used for larger purchases like chainsaws, brushcutters, or even ride-on mowers. They offer predictable payments, simplifying budgeting.
Credit Card Options: Some Stihl Shop dealers offer store-branded credit cards or accept major credit cards. These cards often come with special promotions, such as deferred interest periods or reward points on purchases. Utilizing a credit card can be advantageous for smaller purchases and for managing cash flow, but it’s crucial to pay off the balance promptly to avoid accruing high interest charges.
Lease Agreements: For commercial users or businesses requiring regular equipment upgrades, leasing provides an alternative to ownership. With a lease, customers pay for the use of the equipment over a specific term. At the end of the lease, they may have the option to purchase the equipment, renew the lease, or return it. Leasing can be attractive for tax benefits and simplified equipment management.
Third-Party Financing: Stihl Shop dealers often partner with third-party finance companies that specialize in equipment financing. These companies offer a wider range of financing solutions tailored to different credit profiles and business needs. Third-party financing may provide more flexible terms, competitive interest rates, and options for customers with less-than-perfect credit.

Before committing to any financing plan, it’s crucial to carefully consider several factors. These include:

Interest Rates: Compare interest rates across different financing options to identify the most cost-effective solution. Even a small difference in interest rate can significantly impact the total cost of the equipment over the loan term.
Fees and Charges: Understand all associated fees, such as application fees, origination fees, and late payment penalties. These fees can add to the overall cost of financing.
Repayment Terms: Choose a repayment term that aligns with your budget and cash flow. Longer repayment terms result in lower monthly payments but higher total interest paid.
Credit Score Requirements: Understand the credit score requirements for each financing option. A higher credit score typically qualifies you for lower interest rates and better terms.
Total Cost: Calculate the total cost of the equipment, including interest and fees, to determine if the financing option is financially sound.

By carefully evaluating your needs and exploring the available financing options at your local Stihl Shop, you can acquire the equipment you require while managing your budget effectively.