I need help deciding if I should buy a backhoe attachment or just rent a mini excavator. We live on a 10 acre hobby farm in Ohio, and have some flooding issues in part of our yard and apple orchard in the late fall and early spring. I decided to put in a small pond (roughly 60'x30') and some drainage tile to help give the water a place to go.
I got an estimate from a local excavator for $15k-$20k. I decided for that amount I can sell my 90s MF 240 and buy a newer 4wd tractor with a backhoe. I haven't had much luck finding anything decent on the used market, so I started looking at new and settled on the Kioti CK2610HST as the just right size for my needs. My dealer is offering me $19,950 for the tractor and loader, or $27,750 with the backhoe.
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My plan would be to use the backhoe for a year or two while I build the pond and do a few other jobs I have in mind and then sell it, but keep the tractor. Would I be better off renting a mini excavator to do the pond and not buying the backhoe? Excavator rental would be about $500 per weekend, and I estimate I would need it two or three weekends.
I would be paying cash either way, and I would prefer to buy the backhoe so I can take my time with the pond project, but not if it would be more economical to rent the mini excavator instead of taking the depreciation on the backhoe.