Financing A Welder

[dsgsr]

Does Miller offer financing or do the local weld shop/stores offer this? Thinking about getting a welder/Gen but don't want to put out 3K all at once, need to keep some $$ too buy steel.


David

[FusionKing]

There's always my theory...lay down the plastic and then weld like mad till it's paid

[ShieldArc]

Or you can buy the steel with plastic.

[Blackbird455]

Or you can "rat hole" alot of your money into your taxes (claim 0 on your exemptions and an extra $10/day ) and get a Syncrowave 200 and All the things you need to grind , cut , clean etc... and some steel and aluminum and stainless !!!!!!!!!

[dsgsr]

Well guys, none of the above. I'm just a poor dumb part time farmer that needs a welder, would like to start new and have it last 30-yrs. Can't really start a business with it (too many other welders in the area not making a living). I'm needing to build a power screen for gravel and loam, I have most everything that I need for materials except some sheet stock. Also will need it for many other projects as time goes on. The way I look at it, I could hire it out @ $40-50 an hr. or take that $$, buy a welder, learn how to weld and do my own welding for the rest of my life.


David

[Bert]

dsgsr

....give him a fish and feed him for a day.....
....TEACH him to fish and feed him for the rest of his life....
I like your thinking Hope to see you on the boards more

[welderman23]

do some welding for a man and fix his stuff
teach a man how to weld and he will collect all kinds of crap off the side of the road and burn himself constantly

[SMTatham]

To get back to the original question............most big national welding suppliers offer financing; from Airgas to MaineOxy/SpecAir in your area. Terms and such sometimes really good; sometimes you'll do better on a personal loan at your bank or credit union. Lincoln offers a really good program with Lincoln Electric Capital............not sure if Miller has a similar program or not.

[SMTatham]

FWIW Lincoln is doing 3.9% apr on purchases right now, not sure on lease rates.

[TS-Off-Road]

Airgas/Miller will lease to own to businesses only. It's a fairly good deal if you qualify and can afford the 12+1 plan. Divide the full cost by 12 and that's your payment each month - make one extra payment at the end of 12 months, and you own it. That was the deal a couple years ago when I looked into it. I ended up getting a personal 3yr loan (lower payments). If you lease from Miller for a longer than 1 yr, than it's not such a good deal anymore - bank loans are cheaper long term.

[SMTatham]

Airgas/Miller will lease to own to businesses only. It's a fairly good deal if you qualify and can afford the 12+1 plan. Divide the full cost by 12 and that's your payment each month - make one extra payment at the end of 12 months, and you own it. That was the deal a couple years ago when I looked into it. I ended up getting a personal 3yr loan (lower payments). If you lease from Miller for a longer than 1 yr, than it's not such a good deal anymore - bank loans are cheaper long term.

Just another reason to buy red machines!! They like dealing with individuals!

[dsgsr]

Thank you all for your replies, I guess it's a trip to my local credit Union. I think at 9.5% interest for a three yr plan I can handle a 100 bucks a month. I hate loans, I'd love to just "come up with the money" but life now days ain't as rich as it was a few yrs. back. I'm looking at the Miller Bobcat 250 Welder/Gen. I see them on E-bay for about 3100 with free shipping. Do you all think thats the way too go? Again Thank you for the Information.


David

[SMTatham]

For the same $$ price wise you could get a Ranger 250 from a local supplier and get 3.9% financing..............and frankly no I don't think a Bobcat is the way to go.

[J hall]

I would say that a Ranger 250 is heads and tails above a bobcat.
I have seen a least a couple businesses supported by a Ranger 250

[Synchroman]

Thank you all for your replies, I guess it's a trip to my local credit Union. I think at 9.5% interest for a three yr plan I can handle a 100 bucks a month. I hate loans, I'd love to just "come up with the money" but life now days ain't as rich as it was a few yrs. back. I'm looking at the Miller Bobcat 250 Welder/Gen. I see them on E-bay for about 3100 with free shipping. Do you all think thats the way too go? Again Thank you for the Information.


David

9.5% sounds pretty stiff. Most of the credit unions in California will give you 5 to 6% on a personal loan if you have a small account with them....mabe you should shop around a little more.