Posted by JRSutton on June 12, 2012 at 13:14:20 from (75.130.109.233):
In Reply to: Re: Tractor rental posted by mkirsch on June 12, 2012 at 06:31:30:
"What if the tractor has a costly major breakdown while you're using it? "
That's probably your most likely concern in a situation like this. I've seen it happen so often with borrowed equipment. And it often leads to some hard feelings.
It's one of those murphy's law kind of things. Seems they always break down when they're borrowed.
Probably due to the fact that it's being used "differently" - putting new/different stresses on it. It can make hidden problems show themselves.
Always seems awful coincidental that a machine runs like a top for three years then suddenly craps out when a new guy hops on it...
Definitely worth at least addressing in detail with the owner - if not a reason to avoid the situation altogether.
It really can get very ugly when it's an expensive repair, and it's not clear whose problem it is. Even splitting it 50/50 is going leave you both feeling like you're getting the bad end of the deal.
As for cost of rental - all depends on the cost of the machine really.
Or more accurately the cost of ownership. Initial cost - minus resale value at end of life. Plus all typical maintenance costs over its lifespan.
Total cost of ownership divided by useful lifespan years, then divided the yearly number by typical number of hours or days used annually. That'll give you an hourly or daily rate.
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