o.t. the 28 day a year rule !

[toolaholic]

a const. cpa says " If you don't use a piece of equept. at least 28 days a year ,then RENT. :mad: there goes the backhoe , NOT. This came from a fellow cont. ,that does large projects. It was at a heavy Equep.t auction.
good info., I guess :o

[calweld]

That's probably a good rule, unless, you do a lot of time-critical work. Sometimes it's worth spending a little more just to have something around when you need it. Also if you need something for just 5 minutes or so . . . heck, I'd love to have a backhoe here, it's just the right thing for doing yard work, wheelbarrows and shovels get old in a hurry, my wife's always teasing me about my fieldlifts, what would I do without them?????

[Sberry]

I agree about critical time. I bought a power post hole driller for just that reason. My crane truck, service truck same thing. I keep a couple portable welders around, they pay for themselves all over again at the right time. Same with this, it might sit for a couple months at a time but when I need it the thing is there. I should get a pic of my old dumptruck, paid for itself many times over and I still use it.

[Sberry]

Same with my synch, it can sit for a long time then there comes something that I can do because I have it. I try to buy that stuff right. I dont have machine tools because here they would be dust collectors.

[Sberry]

Here is another good example of that.

[toolaholic]

Love that J D 350. Your farm buss. brings in a lot of $$$ to pay for that equept.

cpa's don,t have the same take as tradespeople. And I don't farm out work,just like you Cary

[Nestor]

a const. cpa says " If you don't use a piece of equept. at least 28 days a year ,then RENT. :mad: there goes the backhoe , NOT. This came from a fellow cont. ,that does large projects. It was at a heavy Equep.t auction.
good info., I guess :o

Depends on the situation, of course. Is the equipment for backup/emerg purposes? Is the rental easy to obtain? If you need to use the equip now, but you have to wait a week to get it, will the wait cost money?

Purchasing isn't necessarily a bad thing. Throw in capital cost allowance, and the decision may not be so simple.

[Blacksmith]

Cary - Nice dozer. Looks like the one my grandfather bought in the '60's to clear his camp and build a pond. Probably cost him three times what it would have to hire a professional, but he had ten times as much fun! I remember he stuck it one time in the middle of the pond to be, with the blade pointing at the only large enough tree and of course, the winch on the back of the dozer. My cousin had to come over and pull him out with his JD. (Cousin Eddy was a professional heavy equipment operator, highest charge per hour and usually the lowest cost for a job because he knew what he was doing and didn't waste time.)