Renting out your tractor

[Car Doc]

All I can say is I never loan or rent anything to anyone thats is just asking for trouble 100% of the time just my .002.

I think about it like this: as long as its in your shed it shouldn't get messed up, and if it gets messed up be sure it was you that did it so you only have you to blame, now if someone else messes it up you both are to blame and you still pay for it. ymmv as always

And in this case if I had to sub it out to help pay for I would buy another cheaper tractor I could afford and hire me out more often if I need extra money.

 

[jlsmith]

Ouch! That will hurt. What model was it?

It was a MF1455L

 

[Rara Avis]

Hi, all.

I'm in the process of establishing a business and plan to buy a 5000-series Deere. To justify the expense, I've found 2 farms that are willing to rent the tractor. Any thoughts on what I should be charging? Per hour, I'd guess, rather than per day? It'd be owned under an LLC, so I'm not really concerned with liability - and they are friends that I would trust would care for my tractor as well as they do for their own.

Well...if you do...supposedly the 0% financing option is NOT available to a rental business...and your warranty will be next to nothing(12 months?)...