Tractors are an essential part of many businesses. Tractors undoubtedly simplify and pace up agricultural and other land clearing operations that used to be boring and demanding in the past.
A tractor can plow, till the land, cultivate, clear the land, and do a lot more. A tractor simplifies the task at hand, whatever the task may be.
You might be torn between buying or renting a tractor. Well, that depends on how long you intend to use it. Whatever the case may be, here are a few things to consider before buying a tractor.
- Financial capability: Can you afford it? A new tractor costs between $10,000 to $600,000. If buying a new tractor will not jeopardize or compromise your finances, then you may consider buying it.
However, there are miscellaneous costs attached to buying a new tractor. You should consider all of these before you purchase one.
- Does your operation depend on it? Buying a tractor might make you feel like you are doing something important, but you should ask yourself if your land operation depends on it. If your need for a tractor is occasional or perennial, then buying a tractor is unnecessary, tractor hire is your best option.
- Can you operate it? Are you willing to invest your time and money to keep your tractor in good condition? This might require you to learn how to operate it and carry out simple and complicated maintenance processes, like changing the engine oil and changing radiator fluid. If you can not do these, then you should consider hiring a tractor instead of buying one.
Why You Should Rent a Tractor
However, if you’re still wondering if renting a tractor gives you some advantages over buying. Listed below are some of those advantages.
1. Maintenance
When you rent a tractor, you don’t have to deal with maintenance hassles, which might involve looking for spare parts, doing repairs, and creating storage space.
2. Short Term Use
If you only need a tractor for the short term, then renting is your best choice. You don’t want to make the wrong investment. Renting a tractor prevents you from paying a lot of money.
3. Saves Money
Renting saves you a lot of money compared to buying. The amount you pay for a rental is very small compared to when you buy it. Also, the financial cost of maintaining a tractor is not small. There are days when the cost of repair is more than that of rental.
4. Rental Is the Best Option for Emergencies
When an emergency need for a tractor arises, it is better to rent it than to make a full purchase. It is easier to return a rental tractor than to sell a purchased one after the emergency has passed.
5. Renting Allows You to Test Out Different Types
If you’re unsure of what type of tractor is best for your operation, try renting different types on different occasions for the same operation. By the time you’re done, you will know which one is best for your project. Also, buying limits the range of inventory granted to you by rental services.
Buying a tractor may make you lose money as new equipment is bound to lose value. Renting it prevents you from such a loss.