Should you RENT, LEASE, or BUY equipment?

Рет қаралды 935

2 жыл бұрын

Thank you for subscribing. Here we cover if you should buy, lease, or rent a machine. The pros and cons. I hope this helps! #rent #lease #buy #heavyequipment #dumptruck #skidsteer #excavator #miniexcavator

Пікірлер: 10

@onepalerider 2 ай бұрын

Good video. I’ve been contemplating this very thing for a while now. Renting really isn’t a good option for me, do to location. This is a new start up…so I’m a bit nervous about leasing or buying. Thanks for your breakdown!

@GlennGoryl Жыл бұрын

Time is a fixed asset. Whether or not you sell your skid-steer depends on if "finding work for it" is the best use of your time, AND will generate the most per hour profit in total (finding the work, bidding the work, doing the work, and collecting for the work - VS - down-time for the machine - which you are still paying for - while you are finding, bidding, and collecting for the work). You MUST find a niche that you can dominate and focus all of your time exploiting that niche.

@stripeitlikeitshot 2 жыл бұрын

Money content. Keep crushing this info!

@gravelboss907 2 жыл бұрын

You are kinda the lease pro around here. Do you have any input to what I said? I dont know too much about it 😬

@dkraft69 2 жыл бұрын

I found a big con to renting, especially as a new business starting out and trying to decide whether to buy or rent, was that in my area the machine wasn't always readily available to rent which made it even harder to line up jobs, therefor I opted to just buy right away and would never look back however machine availability probably greatly differs from town to town.

@gravelboss907 2 жыл бұрын

That's a really good point that I had not considered. We have strong rental inventory here but it does make sense that if you live in an area that does't not have that, buying would be best!

@alekstsymbol8803 Жыл бұрын

What are the best methods you are using to get the jobs? Are you using google, social media, word of mouth, signs??

@TheZielinskiShow 2 жыл бұрын

I only use equipment for snow removal. Renting seems to make the most sense for now. Maybe it will change in the future.

@gravelboss907 2 жыл бұрын

I dont know what kind of snow removal you are doing, but something to look into that I did not cover in the video is a “snow lease”, specifically from Cat or Bobcat (im sure others have the option as well) Basically its a 5 month lease for the winter, at a deeply discounted rate (with a cap on hours) For example, maybe a regular rent on a loader for a month is $6k, and you have 200 hours, a snow lease might be $3k and you get 75 hours. Its a common thing to do up here.

@TheZielinskiShow 2 жыл бұрын

@@gravelboss907 appreciate that! I will look into that for next year!