AndyinIowa
Silver Member
If you are running a business, HOC (hourly operating costs) are critical. Too many small business owners fail to calculate their operating costs when they buy new equipment. Fuel is normally the biggest contributor to operating costs. If a new tractor consumes xx% more fuel per hour, you are profiting less as a result.
For those of us who aren't generating income from the tractor, fuel costs just lump themselves into the TCO (total cost of operation) number.
Being the engineer I am, I have been tracking every penny I spend to own and operate the BX2350. Its interesting to watch operating costs accumulate based on season, projects, etc... Fuel isn't much, but it DOES put a dent in the project budget! Based on my numbers so far, I'm running about $9 per hour TCO assuming a 3000 hour tractor life and 500 hour implement lives. So, if I think a project will take 50 hours, I budget $450 against the project to offset the tractor.
Why do this, you ask? It helps when wifey lines up 6 major projects for the summer. Suddenly the tractor is paying for itself!
IowaAndy
For those of us who aren't generating income from the tractor, fuel costs just lump themselves into the TCO (total cost of operation) number.
Being the engineer I am, I have been tracking every penny I spend to own and operate the BX2350. Its interesting to watch operating costs accumulate based on season, projects, etc... Fuel isn't much, but it DOES put a dent in the project budget! Based on my numbers so far, I'm running about $9 per hour TCO assuming a 3000 hour tractor life and 500 hour implement lives. So, if I think a project will take 50 hours, I budget $450 against the project to offset the tractor.
Why do this, you ask? It helps when wifey lines up 6 major projects for the summer. Suddenly the tractor is paying for itself!
IowaAndy