Cat_Driver
Veteran Member
- Joined
- Jan 15, 2008
- Messages
- 2,359
- Location
- Coachella Ca.
- Tractor
- 2016 Kubota 4060, 2017 Tackeuchi excavator TB260
When all will be said and done I will prob have very close to into this drilling rig what I could have paid someone to do the drilling for me.......thats not the point, the point is to experince new things in life.
I will also ( hopefully ) have the ability ( and will take advantage ) of being able to drill multiple wells on my property, I am also hoping to be able to drill at least one useful well for someone else locally so that I can recoup at least half of my expense.
I think if I were buying a larger item ( more expensive ) I could really see a savings cost. At this point assuming I do save anything it will most prob be in the 1500-2000 dollar range.
I've done tis with most of the vehicles or equipment I purchased over the last 30 years. I buy it low, use the heck out of it then sell it for near what I paid for it.
Bought a M4500 Kubota in the 80's with a 12' road grade for $4,500. Sold just the tractor for $7,500 and still use the road grader.
Bought a Cat skid steer for $29K, used for 5 years and sold it for $29K
Bought a 2006 Ford F250 4x4 with a contractor body used for $16K 5 years later sold it for $19K.
I could go on and on but you're on the right track.
Furthermore as you know you can take a HUGE tax write off for purchasing the equipment you just need a business license