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  #21  
Old 01-23-2013, 05:13 PM
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KrayzKajun KrayzKajun is online now
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Yur gunna go out and buy a skid for one job. Why not rent and charge accordingly.
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  #22  
Old 01-23-2013, 05:45 PM
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Schrock Lawns Schrock Lawns is offline
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im notbuying it for one job but if i dont get this job i wont buy one the tracked machine i would rent runs me 500 a day from my cat rental place with the harley rake i would need i would get a used skid and my payment could be 600 a month it makes more sinse to me to buy and i have other jobs i could use it for also
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  #23  
Old 01-23-2013, 05:51 PM
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AEL AEL is online now
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I give you lots of credit for being 14 and starting your own business. We need more young people like you, solid word of advice is to borrow the least amount of money when starting your business until you have the clientele, and work schedule to support you. It is much easier to make it through a slow slump in your business when you dont have large payments to make every month. My advise would be dont buy a machine until you have a large enough yearly rental bill to justify it, save your money and try to buy something mabee a little older and pay for it cash, or at least most of it.

Best of luck, and keep us updated.
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  #24  
Old 01-23-2013, 06:28 PM
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alldayrj alldayrj is online now
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Easy way to do it is the rental rate for the particular machine plus the operator divided by hours. Always have a minimum.

Ps you(your dad) will kill yourself with that machine on a trailer. I would be surprised if the dealer even lets you pick it up
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  #25  
Old 01-23-2013, 07:04 PM
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Schrock Lawns Schrock Lawns is offline
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One of my friends who's got a 250 said he'd help me out towing it until I got a bigger truck so that's not a problem now
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  #26  
Old 01-23-2013, 07:45 PM
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Quote:
Originally Posted by Schrock Lawns View Post
One of my friends who's got a 250 said he'd help me out towing it until I got a bigger truck so that's not a problem now
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Does your friend have the proper DOT endorsements?
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  #27  
Old 01-23-2013, 08:17 PM
Marek Marek is offline
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What numbers are they quoting you on the 259 and what options ?
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  #28  
Old 01-23-2013, 08:41 PM
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Schrock Lawns Schrock Lawns is offline
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Quote:
Originally Posted by Marek View Post
What numbers are they quoting you on the 259 and what options ?
He only quoted me a 279 new with cab ac heat and the power tach thing and a gp bucket it was 70 and some change the 259 he only quoted me a used one with 800 hours and cab for 40k but with the same options as the 279 I think te 259 is 55-60 ish
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  #29  
Old 01-24-2013, 11:53 AM
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SVA_Concrete SVA_Concrete is offline
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I intend this post to be polite.

Spend your 40K on education, at minimum English lessons. That will make you far more money than a skiddy bopper will.

I rented equipment for the first year and half of my business, at the year end i discovered that i was spending 25K per year on rentals. That made my decision fairly easy to purchase.

I purchased used/slightly used. Now I have a Deere CTL 322, and 50D, I paid around 50K for the pair.

Renting equipment will also force you to keep your price where it SHOULD be, when guys purchase, they end up cutting their price to get the job. They think that because the equipment is only costing ~600 per month, rather than ~250 per day. Now what about maintenance, insurance, and repairs?

You mention plowing snow, don't count on snow to make your payments in Hampton Roads. Snow tears equipment up, especially a CTL. I have one, I know.

I understand you are home schooled, I was as well. How do you plan on working that machine enough to pay for it when you have school? Using it on your land will not make you money.

Work ethic is great! Drive is great! Grow slow and profitably.

Caution you not to make a purchasing decision ever based on emotion.
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  #30  
Old 01-24-2013, 12:16 PM
jmacd jmacd is offline
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Good post SVA. Just wondering how a 14 year old can get 40k to 70k dollars to buy a skid steer?

Most adults can't get that kind of credit. If he does have that kind of assets maybe he should look into spending it on a something other than a brand new skid steer.

Unless he is very wealthy and that kind of money is nothing to him or his family. If this is the case than get a good education, good schools are $40,000 per year.

Working with your hands can be tough when you get older.
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Last edited by jmacd; 01-24-2013 at 12:22 PM.
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