Re: [RoboMower] Gary's deal on leasing a RoboMower
- Hey, lets face it! A Robomower is a luxury item! The best advise, if you can't afford one, is to put that $50 bucks in the bank every month . Then in two - three years buy it cash down! Till then do like the rest of the 99% of the public do........ push it or ride it! Who knows by then it might be a Hover Mower! I would never go in debt for 30 years for a mower that will last maybe 5 - 10 years at best! No offense intended... just my frugal 2 cents worth.Ken----- Original Message -----From: Clint DSent: Wednesday, March 31, 2004 9:09 PMSubject: Re: [RoboMower] Gary's deal on leasing a RoboMowerGood analysis Iggy....I think you're right long term its best to just buy it..however Gary's throwing in trimming, fall leaf pickup, free installaion and free repair services! Which for those who are skeptical to drop down $1800 on something they're unsure about, I'd say his lease program still be a VERY good option.
IGGY and Svetlana - Kansas City Homes & Mortgages <iggyandsvetlana@...> wrote:
Now, it appears it's a lease, not ownership.
So, without knowing how long this lease lasts (appears that if the mower on
average lasts 4-5 years) and if you are leasing it at $200 down and $50 a
month you have to be done with RL1000 in 2 years of payment with 0% interest
rate. However, if you are not owning it then and continue leasing, you'll
over pay for it almost two times in 4 years. THIS IS VERY EXPENSIVE compared
to owning it - the same as with leasing a car. Normally a car will give you
trouble after 5-7 years of ownership with normal maintenance, but if you
lease 5-7 years (you'll go through 2 cars) it will be high costs.
Better overpay for it 2 times in 30 years :o) and spread it over at a low
refinancing rate of 5.5% or lower on an adjustable rate that at the leasing
rate. Don't forget that on average Americans move every! 5-7 years ;o), so
you are going to actually come ahead with financing your robomwoer into your
loan than leasing it due to tax deductions and the fact that you will not
have to incur all the costs upfront or on the lease. In 4 years you will
only pay on $1,800 amount for RL1000 $385 in interest and $106 in principle
and in 7 years when you move and your RoboMower will most likely die :o(
only $657 in interest and $201 in principle). Don't forget that the $657 is
tax deductible - depending on your tax bracket - let's say 30% and you are
basically only paying $400 in interest (less deduction) + $201 in principle
So, your $1,800 mower costs you only $600 in actual money over 7 years with
you getting all the benefit.
If I could, I world finance my grocery bill, my vacation, my everything into
my house :o)
Your Real Estate Consultant - Kansas City - RE/MAX Best
E-mail: mailto:iggy@... Web site: http://www.iggy.net
Office: 913-894-4024 Toll-free: 877-550-IGGY/4449
----- Original Message -----
From: "Clint D" <clintd555@...>
Sent: Wednesday, March 31, 2004 2:33 PM
Subject: Re: [RoboMower] Own a RoboMower for 30 cents a day..
> Gary that's a good deal! :)
> --- gary burns <blacksuade1968@...> wrote:
> > Better yet, move to Jeffersonville, Indiana and I
> > will lease you RL1000 for $200 down and $ 49.99 a
> > month . I take care of repairs, service your
> > Robomower. Install your perimeter wire. Trim your
> > lawn once a month and will do your leaves in the
> > Fall. If you don't like it after one year, then
> > don't renew contract , I come take it away and wire.
> > Now you! saved $100s on mowing and don't have to
> > resale it because you did not own it. My idea sounds
> > better.
> Do you Yahoo!?
> Yahoo! Finance Tax Center - File online. File on time.
> Yahoo! Groups Links
Do you Yahoo!?
Yahoo! Finance Tax Center - File online. File on time.
- That's pretty much how I bought mine...first year I
mowed with a normal mower. I ended up buying it after
saving for it. Anyway, I'm anxious to hear more about
how your MowBot works Ken....please share. :)
Is installation any different than the Robomower?
Do you have perimeter wire?
How does it react around the wire?
How long does the batteries last?
Does it miss spots?
Does it mow in angles..like the robomower?
Does it have a compass onboard? Or is it random?
How does it respond to objects?
Does it have bumpers? Or is it using sonar?
Tell us as much as you can....do you have any videos
you can upload? Email Iggy to make room for your
videos if there's not a enough room. Glad to have you
--- Ken Johnston <kwjohnst@...> wrote:
> Hey, lets face it! A Robomower is a luxury item!__________________________________
> The best advise, if you can't afford one, is to put
> that $50 bucks in the bank every month . Then in
> two - three years buy it cash down! Till then do
> like the rest of the 99% of the public do........
> push it or ride it! Who knows by then it might be a
> Hover Mower! I would never go in debt for 30 years
> for a mower that will last maybe 5 - 10 years at
> best! No offense intended... just my frugal 2 cents
Do you Yahoo!?
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