Yes, Lowe’s offers financing options for mowers through their credit programs, enabling flexible payment plans for customers.
Understanding Lowe’s Financing Options for Mowers
Lowe’s provides several financing solutions designed to help customers purchase lawn mowers without paying the full amount upfront. These options vary depending on the customer’s creditworthiness and the specific promotions running at the time of purchase. The most common method is through the Lowe’s Advantage Card, a store credit card offering deferred interest plans and special financing periods.
The Lowe’s Advantage Card allows for purchases of lawn equipment, including mowers, with promotional periods such as 6, 12, or 24 months of no interest if paid in full within that time frame. This can be especially helpful for homeowners looking to upgrade their mowing equipment without straining their monthly budget.
Besides the Lowe’s Advantage Card, customers may also use third-party financing options like PayPal Credit or personal loans. However, Lowe’s own credit program is often the most straightforward and beneficial due to exclusive discounts and promotional offers tied directly to their store credit.
How Financing Works at Lowe’s
When you apply for the Lowe’s Advantage Card in-store or online, approval is typically quick—sometimes instant. Once approved, you can use the card immediately to purchase a mower. The key benefit lies in promotional financing periods where no interest accrues if you pay off your balance within the specified time.
For example, if you buy a $1,000 mower with a 12-month no-interest offer, you can spread payments evenly over a year without extra cost. If you miss payments or don’t pay off the balance by the end of the promotional period, interest will be charged retroactively from the purchase date.
It’s important to read all terms carefully before committing. Customers should also consider their ability to make monthly payments on time to avoid unexpected interest charges.
Types of Mowers Available at Lowe’s
Lowe’s stocks a wide range of mowers suitable for various yard sizes and needs. These include:
- Push Reel Mowers: Ideal for small lawns and eco-friendly cutting.
- Electric Corded Mowers: Lightweight and low maintenance but limited by cord length.
- Battery-Powered Electric Mowers: Cordless convenience with rechargeable batteries.
- Gas-Powered Walk-Behind Mowers: Powerful and suitable for medium to large yards.
- Riding Lawn Mowers: Designed for large properties, providing comfort and efficiency.
Each mower type comes with different price points, which influence financing options and monthly payment plans. Generally speaking, higher-priced models like riding mowers may require longer financing terms or higher credit approvals.
Mower Price Ranges at Lowe’s
Here is a snapshot of typical price ranges for various mower types available at Lowe’s:
| Mower Type | Typical Price Range (USD) | Financing Term Options |
|---|---|---|
| Push Reel Mowers | $90 – $200 | 6-12 months promotional financing |
| Electric Corded Mowers | $150 – $350 | 6-12 months promotional financing |
| Battery-Powered Electric Mowers | $250 – $600 | 12-24 months promotional financing |
| Gas Walk-Behind Mowers | $300 – $900+ | 12-24 months promotional financing |
| Riding Lawn Mowers | $1,200 – $3,500+ | 24-36 months promotional financing (if eligible) |
This table provides a clear overview that helps potential buyers estimate their monthly payments based on typical promotional terms offered by Lowe’s.
The Application Process for Financing a Mower at Lowe’s
Applying for financing at Lowe’s is straightforward but requires some preparation. Customers need to provide basic personal information such as name, address, Social Security number (for credit check), income details, and contact information.
The application can be completed online or in-store. Online applications often provide instant approval decisions; however, in-store applications allow assistance from staff who can explain terms and help select appropriate plans based on your mower choice.
Once approved, customers receive a credit limit that can be used immediately on purchases like lawn mowers or other home improvement products. It’s essential to confirm that your desired mower qualifies under any current promotions before finalizing your purchase.
Eligibility Criteria and Credit Considerations
Approval depends heavily on your credit history and score. While Lowe’s Advantage Card tends to favor applicants with fair to good credit scores (typically 600+), those with lower scores might face higher interest rates or denial.
Applicants should review their credit reports beforehand to correct any errors that might affect approval chances negatively. Also worth noting: applying multiple times across different stores or cards within short periods can temporarily lower your credit score due to multiple inquiries.
If denied initially, customers may consider alternative financing routes such as personal loans from banks or credit unions or using third-party services like PayPal Credit when shopping at Lowe’s online.
The Benefits of Financing Your Mower Purchase at Lowe’s
Financing your mower through Lowe’s offers several advantages beyond spreading out payments:
- No Immediate Full Payment: You don’t have to drain savings or emergency funds.
- Loyalty Discounts: Cardholders often receive exclusive discounts on products including seasonal sales.
- Simplified Budgeting: Fixed monthly payments help manage household finances better.
- Easier Access to Premium Models: Financing makes higher-end mowers affordable over time rather than an upfront lump sum.
- Lowe’s Customer Support: Dedicated assistance with billing questions or payment plans tailored around your needs.
- No Interest Promotions: Many offers come with zero-interest periods encouraging timely repayment without extra costs.
- You Build Credit History: Responsible use of a store credit card can improve your credit score over time.
These benefits make buying through Lowe’s finance programs appealing compared to paying cash outright or using high-interest credit cards.
The Drawbacks and Risks of Financing a Lawn Mower at Lowe’s
While there are perks to using Lowe’s financing options, some downsides deserve attention:
- Poor Payment Discipline Risks Interest Charges:If you miss payments during deferred interest periods, backdated interest applies retroactively.
- Lack of Flexibility Compared to Personal Loans:Your spending is tied directly to purchases at Lowe’s only.
- Pocketing Promotional Offers Requires Good Credit:
- Adds Another Monthly Bill:
- Lowe’s Credit Card Fees:
- The temptation to Overspend:
Customers must balance these risks against convenience when deciding how best to finance their mower purchase.
The Step-by-Step Process: Can You Finance A Mower At Lowes?
Yes! Here is how it typically unfolds:
- Select Your Mower:
- Add It To Your Cart/Bring It To Checkout:
- Apply For Financing (If Not Already Approved):
- Aim For Approval: Select Payment Plan: Complete Purchase: Create Budget Plan: Mower Delivery/Pickup:
This process shows just how simple it is once you prepare ahead by knowing what type of mower fits your yard size and budget constraints.
An Overview Table Comparing Financing Features For Popular Lawn Equipment Stores Including Lowes
Store Name Financing Options Available Typical Promotional Terms & Notes Lowe’s Advantage Card No Interest Deferred Plans; Revolving Credit Line No interest if paid in 6-24 months; Penalty APR applies after promo period ends; Exclusive discounts available The Home Depot Credit Card No Interest Deferred Plans; Special Purchase Financing No interest if paid in 6-24 months; Only usable in Home Depot stores; Penalty APR applies after promo period ends Bass Pro Shops Credit Card No Interest Deferred Plans; Revolving Store Credit No interest if paid in 6-18 months; Focused on outdoor gear including some lawn equipment; Rewards program included Cabela’s Club Visa Card No Interest Promotions; Rewards Points Program No interest up to 12 months depending on purchase amount; Points redeemable toward future purchases; Higher APR otherwise applies This comparison highlights why many choose Lowe’s as a go-to option due to competitive terms focused specifically on home improvement products including lawn mowers.
You pick out the exact model you want either online or in-store.
If shopping online using an account linked with your Lowe’s Advantage Card will speed up checkout.
You fill out an application form providing necessary details.
Key Takeaways: Can You Finance A Mower At Lowes?
➤ Lowes offers financing options for lawn mowers.
➤ Special promotions may provide 0% APR for a limited time.
➤ Credit approval is required to qualify for financing.
➤ Monthly payments vary based on the mower’s price and terms.
➤ Check Lowes’ website or store for current financing details.
Frequently Asked Questions
Can You Finance A Mower At Lowe’s Using The Lowe’s Advantage Card?
Yes, you can finance a mower at Lowe’s with the Lowe’s Advantage Card. This store credit card offers special financing options like 6, 12, or 24 months of no interest if paid in full within the promotional period. It’s a popular choice for flexible payment plans on lawn equipment.
What Financing Options Are Available For Mowers At Lowe’s?
Lowe’s offers several financing solutions for mowers, primarily through their Lowe’s Advantage Card. Customers may also use third-party options like PayPal Credit or personal loans. The Lowe’s card typically provides the best deals and promotional offers directly tied to mower purchases.
How Does Financing A Mower At Lowe’s Work?
When you apply and get approved for the Lowe’s Advantage Card, you can immediately use it to buy a mower. The key benefit is promotional no-interest periods if you pay off your balance within the set timeframe. Missing payments may result in retroactive interest charges from the purchase date.
Are There Any Restrictions When Financing A Mower At Lowe’s?
Financing a mower at Lowe’s depends on your creditworthiness and current promotions. It’s important to read all terms carefully before applying, as missed payments during promotional periods can lead to interest charges. Make sure you can meet monthly payment requirements to avoid extra costs.
Can You Finance Different Types Of Mowers At Lowe’s?
Yes, you can finance various types of mowers at Lowe’s including push reel, electric corded, battery-powered, gas-powered walk-behind, and riding lawn mowers. Financing options apply broadly across these categories through their credit programs and special promotions.