TripleR
Super Star Member
- Joined
- Mar 5, 2009
- Messages
- 18,084
- Location
- Missouri
- Tractor
- Kubota M8540HDC, L5740HSTC, BX2200, BX2660, John Deere 425&1025R, Case, Massey Ferguson, Ford
I generally agree, but when you make this buy/lease computation, you always need to factor in resale or residual value on the owned BH. The cost difference isn't 10G's vs whatever it is to lease one, but, say 50% or 60% of that (5Gs to 6Gs) factoring in resale after, say, 10 years. Use whatever numbers you like, but you get the point.
Good point, everything should be considered when making decisions on equipment purchasing and leasing.
Sometimes it is difficult for a new owner especially one with little experience to make a well informed decision when looking at all of the nice shiny equipment. Add into the equation all the members telling them how bad they "need" a backhoe attachment and it is even harder.
The good news is that a backhoe can be added at a later date if it becomes indispensable or makes more economic sense.
We have owned a Case backhoe for years and don't use it enough to keep it running. Fortunately we bought it used and my brother fixed it up and it has more than paid for itself.
All that being said, I still look at backhoes every time I go to my dealer; just something about them.
I also accept it always isn't about money and everyone has to seriously consider all factors.