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Farmall & IHC Tractors Discussion Forum
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Tool trading pool or loaner ring?

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Brent in Iowa

08-15-2004 06:10:26




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I had a couple responses to my post on repairing my H and 560 exhaust manifolds that were kind of interesting. (see link http://www.ytmag.com/farmall/messages/434719.html)

I sure would be willing to mail my tap around, and any other specialty tools, but how does one put a limit on how long the next guy would have it, and who would pick up the initial cost of purchasing a tool since it may be considerably worn by the time the original owner gets it back.

This is really a great idea, and I would like to follow up on it if anyone has any ideas on how to make it work. I don"t have much use for a 2" tap now that I have fixed mine, but you never know when you"ll get another tractor or the neighbor, etc... will need it so instead of putting it back on Ebay and selling it, maybe loaning it out would be the best idea.

What if the person who wanted to "borrow" it mailed a check to the tool owner for postage and a "deposit" in case it was lost or broken? Then when it was returned or "forwarded" the deposit would be refunded.

What do you guys think?

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lee

08-15-2004 09:53:22




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 Re: Tool trading pool or loaner ring? in reply to Brent in Iowa, 08-15-2004 06:10:26  
I try not to borrow or lend anything out. If I started lending they'd all be over borrowing. If I needed to borrow, they ain't got nothing I need. Father-in-law borrowed my 40 ft drain snake. Didn't return it. When I needed it I had to call and he couldn't find it. Never offered to buy me a new one. I needed it right then and had to go buy another. It was pretty urgent when he needed mine but not so urgent when I needed it back.

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Brent in Iowa

08-15-2004 08:22:23




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 Re: Tool trading pool or loaner ring? in reply to Brent in Iowa, 08-15-2004 06:10:26  
Yeah, I knew there were a million hitches but thought I"d toss the idea out there. Guess I better stick with loaning to neighbors and renting tools if they are too spendy. Guess I never thought to check at the local rental shop for a tool like this, usually only think of them for trenchers and ebig quipment like that, I"ll do so next time.

Anyway, everybody have a great weekend (what"s left of it anyway!)

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Dakota Jim

08-15-2004 08:12:44




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 Re: Tool trading pool or loaner ring? in reply to Brent in Iowa, 08-15-2004 06:10:26  
It sounds like a great idea in theory--but one which experience has shown me to be a total failure. If there is someone on the board you feel you can trust, and there are some, then have at it. But otherwise, sadly my experience with people I know on an only acquaintence basis--even those who I come in personal contact with-- when it comes to loaning anything out has been a litany of woe. I certainly admire your intention--my advice however is don't loan anything out which you feel you really need to have back. I have found the frustration and irritation is simply not worth it, let alone the cost of having to buy something a second time. Frankly I really don't think it will catch on. If a person has to mail postage and a deposit I can't see the advantage over simply renting it. It is simply too cumbersome.

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Hugh MacKay

08-15-2004 07:59:31




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 Re: Tool trading pool or loaner ring? in reply to Brent in Iowa, 08-15-2004 06:10:26  
Brent: I find I can rent just about any of these rare items a local tool rental shops. These guys already have local, national and international arrangments whereby they move tools around where needed.

On the under $50. tools you may just as well tuck it in your tool box as rusty suggested.



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rustyfarmall

08-15-2004 06:38:03




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 Re: Tool trading pool or loaner ring? in reply to Brent in Iowa, 08-15-2004 06:10:26  
If $30. is all it cost then there is no good reason that anyone who needs one shouldn"t just buy one. It certainly would not be the most expensive tool in your tool box.



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rustyfarmall

08-15-2004 10:18:22




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 Re: Tool trading pool or loaner ring? in reply to Brent in Iowa, 08-15-2004 07:16:08  
I bought a set of three from Northern tools, 1-1/4- 1-1/2- and 2 inch. If I remember correctly the cost was around $50. I have used the 2 inch tap four times, and have never used the other two sizes. I guess you could say my cost per use so far is $12.50. The tap still doesn"t show any signs of wear.



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Ibby

08-15-2004 06:34:16




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 Re: Tool trading pool or loaner ring? in reply to Brent in Iowa, 08-15-2004 06:10:26  
Hi Brent!

I went to eBay and bought my own right after posting my last message. However - I think this idea of sharing oddball tools definately needs to be looked into. I'd certainly be willing to toss my new tap into the pool after I've gotten and used it.

I do see lots of possible problems, all of which can be dealt with after some thought. The borrower must be willing to pay a deposit equal to what the seller thinks it's worth (In case of loss, breakage or failure to return it in a reasonabble amount of time) Borrower pays shipping both ways and a small fee to account for wear.

In the case of this pipe tap, I just paid $36 with shipping. Send me $36, and I'll send you the tap for a week or two. Return it in good condition and I send back $34 MINUS shipping - Maybe $3. So - $5 gets your manifold tapped. I'd pay that in a heartbeat, if I hadn't just bought one.

Return it busted or rusted, and you get nothing back. I'm out nothing, you just bought the tap.

Some trust will be needed in both directions, but trust and judgement is needed every day in normal life - use it here too. I'd have no trouble returning a check uncashed if something doesn't seem right to me. I'd probably deposit any checks and wait a week anyway, unless the borrower used Paypal.

I can see this being VERY handy for oversized sockets and wrenches needed just once for a particular job, Ridge reamers, cylinder hones, valve spring compressors - that type of things. Don't ask to "borrow" my 1/2 inch breaker bar. It's not that hard to come by one and you should already have one, if you're working on tractors.

I engrave my name in my tools, so I can be sure to get mine back, and I can send a digital picture before and after loaning to document condition.

Can anyone think of other potential problems?

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kfox

08-15-2004 07:15:29




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 Re: Tool trading pool or loaner ring? in reply to Ibby, 08-15-2004 06:34:16  
I bet a new 2" tap would cost ya over $100 bucks at the tool store. Haven't bought any for several years, so just a guess. Kinda spensive for a one time job, so trading, or loaning sounds like a good deal to me. ken



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