BigEddy
Gold Member
- Joined
- Sep 6, 2002
- Messages
- 268
- Location
- Eastern Ontario
- Tractor
- JD 855, 322, AMT626 plus whatever my son dragged home this month
Depends on what your lease agreement is. If it is a monthly lease, and you have to have a limit, I'd go with 2000hrs/ year as a limit. That lets you use it full-time without penalty and basically negates the clause in the first place.
But you might be able to use this requirement to your advantage, and lease it on a per hour basis only. In other words - you pay for the hours used, not a per month fee.
Depending on your application that may be favourable. I know my neighbour had a need for an additional tractor and he arranged with the local dealer to lease one of their used units for 9 mos on an hours-used basis. It was perfect for him. He had it on his farm whenever he needed it, but only paid for actual usage. Of course he used his other tractor for most of the work, and the rental when he had extra work (or really dirty work) to do.
In terms of hours per year, I accumulate about 100 hours a year on my lawn tractor cutting 3 acres a week when the grass is growing. I accumulate about the same on my 855 doing landscaping, maple syrup, snow removal and odd jobs. I have a 300' drive and do one neighbour's as well each time -and have been known to be neighbourly when the snow really flies and do several drives on my road.
Average hours are hard to pin down. Most users on this board probably average a couple hundred hours a year but I'd be interested in what that range looks like.
In terms of residual value, once these machines hit 1000 hours, their value seems to stay pretty flat as long as they are maintained properly.
But you might be able to use this requirement to your advantage, and lease it on a per hour basis only. In other words - you pay for the hours used, not a per month fee.
Depending on your application that may be favourable. I know my neighbour had a need for an additional tractor and he arranged with the local dealer to lease one of their used units for 9 mos on an hours-used basis. It was perfect for him. He had it on his farm whenever he needed it, but only paid for actual usage. Of course he used his other tractor for most of the work, and the rental when he had extra work (or really dirty work) to do.
In terms of hours per year, I accumulate about 100 hours a year on my lawn tractor cutting 3 acres a week when the grass is growing. I accumulate about the same on my 855 doing landscaping, maple syrup, snow removal and odd jobs. I have a 300' drive and do one neighbour's as well each time -and have been known to be neighbourly when the snow really flies and do several drives on my road.
Average hours are hard to pin down. Most users on this board probably average a couple hundred hours a year but I'd be interested in what that range looks like.
In terms of residual value, once these machines hit 1000 hours, their value seems to stay pretty flat as long as they are maintained properly.