npaden
Platinum Member
Okay. I've never really been one to let people borrow my stuff. Well, I let people borrow my truck, trailers, tools, etc., but in the past my tractor and other motorized equipment have been tricky to operate and I never felt comfortable letting someone use them. I always offered to operate it for them.
So I have a neighbor that I've somewhat become friends with and after my last tractor broke he asked me if I would be interested in going into a partnership of some kind buying a replacement for it. He suggested working up a contract, etc. and splitting all the costs down the middle. I really didn't like the idea that much because I've owned my own tractor for the last 10 years and want my own tractor. I've been looking and found a great deal on a really nice tractor and got it this weekend.
The guy has owned his own tractor in the past when he lived in a different place and regularly borrows another tractor but he has to trailer it back and forth every time he borrows it and so he would prefer not to have to do that. I discussed various options on how to work it out and he seems like he would prefer to pay something for it rather than borrow it.
One thing I discussed was just charging a flat $25 per hour off the meter or something like that. Not sure I want to mess with keeping a log of the hours though.
He would be willing to sign a contract on who is responsible for repairs and maintenance or anything like that, he is more handy with that kind of thing than I am anyway.
He has already asked to borrow it to do some post hole digging tomorrow and for now I told him to just borrow it for free and he said he would go over it and grease all the zerks, check the fluids, etc. He has been borrowing my implements to use with the tractor he has been borrowing and I don't mind that, he has used my post hold digger more than I have. Last time he borrowed my box blade he graded my 1/2 mile long driveway since my tractor was broke at the time. He's in the process of building a new barn and house but he only has 2 acres and just doesn't really need his own tractor, especially once he has it all built.
I've owned a tractor for 10 years and over that time I put a whopping 326 hours on it so it's not like I am using it all the time or anything. It can go a month or more sometimes without even getting fired up.
All that lead in to just ask if anyone else has some type of arrangement like this.
Do you just do it on a handshake and go with it? That's what I'm leaning toward. I don't really need the money, my thought was kind of that if he has to pay for it he might not borrow it quite as often. He does have access to the other tractor so if he needs to use it and I'm already using it he could borrow that one.
Thoughts? Thanks, Nathan
So I have a neighbor that I've somewhat become friends with and after my last tractor broke he asked me if I would be interested in going into a partnership of some kind buying a replacement for it. He suggested working up a contract, etc. and splitting all the costs down the middle. I really didn't like the idea that much because I've owned my own tractor for the last 10 years and want my own tractor. I've been looking and found a great deal on a really nice tractor and got it this weekend.
The guy has owned his own tractor in the past when he lived in a different place and regularly borrows another tractor but he has to trailer it back and forth every time he borrows it and so he would prefer not to have to do that. I discussed various options on how to work it out and he seems like he would prefer to pay something for it rather than borrow it.
One thing I discussed was just charging a flat $25 per hour off the meter or something like that. Not sure I want to mess with keeping a log of the hours though.
He would be willing to sign a contract on who is responsible for repairs and maintenance or anything like that, he is more handy with that kind of thing than I am anyway.
He has already asked to borrow it to do some post hole digging tomorrow and for now I told him to just borrow it for free and he said he would go over it and grease all the zerks, check the fluids, etc. He has been borrowing my implements to use with the tractor he has been borrowing and I don't mind that, he has used my post hold digger more than I have. Last time he borrowed my box blade he graded my 1/2 mile long driveway since my tractor was broke at the time. He's in the process of building a new barn and house but he only has 2 acres and just doesn't really need his own tractor, especially once he has it all built.
I've owned a tractor for 10 years and over that time I put a whopping 326 hours on it so it's not like I am using it all the time or anything. It can go a month or more sometimes without even getting fired up.
All that lead in to just ask if anyone else has some type of arrangement like this.
Do you just do it on a handshake and go with it? That's what I'm leaning toward. I don't really need the money, my thought was kind of that if he has to pay for it he might not borrow it quite as often. He does have access to the other tractor so if he needs to use it and I'm already using it he could borrow that one.
Thoughts? Thanks, Nathan
