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Financing A Welder

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  • Financing A Welder

    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

  • #2
    There's always my theory...lay down the plastic and then weld like mad till it's paid

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    • #3
      Or you can buy the steel with plastic.

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      • #4
        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 !!!!!!!!!
        Last edited by Blackbird455; 03-08-2008, 10:39 PM.

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        • #5
          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

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          • #6
            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

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            • #7
              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

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              • #8
                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.
                Last edited by SMTatham; 03-09-2008, 11:26 AM.

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                • #9
                  FWIW Lincoln is doing 3.9% apr on purchases right now, not sure on lease rates.

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                  • #10
                    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.

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                    • #11
                      Originally posted by TS-Off-Road View Post
                      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!

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                      • #12
                        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

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                        • #13
                          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.

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                          • #14
                            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

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                            • #15
                              Originally posted by dsgsr View Post
                              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.
                              Last edited by Synchroman; 03-10-2008, 04:23 AM.

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