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  1. #1
    Member
    Join Date
    Jun 2010
    Posts
    27
    Location
    SouthEast Mi
    Tractor
    Farmall A, Case Ih DX55, Bobcat 751

    Default Lease New or Buy Used

    We're still in the planning stages, but hopefully next year I will get to start working on our property that we own. I have to put in a better driveway, tear down several old buildings, clean up debris piles (asphalt, & the remains of old concrete silos) and build the house. Now I know I will be able to use the equipment I already have for this job, but I also realize that they might not be the most efficent. At various points in time I see the need for a CTL, Mini-EX w/ thumb, and a dozer. I am planning on renting the dozer, unless I can a find a heck of deal and be able to use it on the farm afterwards. But when it comes to the CTL & the Mini-EX, I am really torn. I can see justification for both for min 3 years, just don't know which way to jump. Defintiely want to keep the equipment budget as low as possible. Any suggestions?

    I know every thing I have listed shouldn't take 3 years as a project, however I am growing produce & perennials for both wholesale & retail on 5 acres of the property, as well as possibly working as a sub equipment operator for my current employer. And perhaps that's part of my problem. At work I have a much larger selection and budget to work with for a project similar to this.

    Thanks
    Know How, Skills, and Equipment to get the Job done.

  2. #2
    Elite Member
    Join Date
    Jun 2011
    Posts
    2,517
    Location
    NE Oklahoma
    Tractor
    MF 230 and Mitsubishi D2000

    Default Re: Lease New or Buy Used

    Talk to your accountant about it. As it seems that you may be using this for a commercial purpose there can be tax advantages for depriciating value owned equipment vs writing off the payments on leased equipment (and vise-a-versa).

    Ken
    Massey Ferguson 230
    Mitsubishi D2000

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