
Quoting
Mr. Knowitall
It's difficult to tell at this juncture whether you purchased the mower and had only the issue of the bank loan to deal with, or if the sale was contingent upon approval of the loan. If in fact you didn't sign anything, that leaves the waters muddy -- because you can buy something on a promise to pay later.
Even at 18% that would result in repayment in <18 months, which seems oddly short-term for financing. The %0 loan would have been @40 months.
You can also look for credit on your own. You don't have to rely on the seller; but no independent lender is going to give you a 0% loan.
Did the supply store not apply for the zero percent loan, or is it that you didn't qualify for the financing for some reason? (If the latter, what was the reason?)
It is used. Depending upon how much you used it, and its present condition, the proposed $2,500 payment may be reasonable or it may be insufficient -- that's not something we can assess for you.