Season 3 episode 8 Pros and cons of leasing, buying, and renting equipment w/ farmer Chris and MBTS

Mike, Aaron, and Chris sit down to discuss acquiring equipment.

[@ericharris7786]

Harrison county beef producer. Neighbor more of less. Thank you farmer Chris for your work. Very much

[@rhondasweeney7271]

Love it when you have Farmer Chris on there and Aaron what a team. Awesome information for a lot of people and even us that don't do what you guys do

[@tannhausergate9915]

He's soooooo cute.

[@wc4j]

Farmer Chris, I especially appreciate what You and all your fellow farmers do. I've been on social security disability since getting hurt on duty as a vol Firefighter. I cannot live on my monthly dividend without the support and donations of food from our local farmers. Please keep up the good work and i'll keep you and Your crops in our prayers.

[@michaeladams8532]

These shows teach us,make us laugh,and make us think. Am in awe watching a wide range of your guest share thoughts and views well sitting in a a shop just enjoying life. Am grateful you all share your time with us.

[@dansbrown1313]

Thanks Mike, That was interesting.

[@heatherlane9270]

It certainly comes down to cash, the business and environment. Always thought that farm machinery was just over priced in comparison to other industries. Good comparison provided in the podcast Dirt Perfect. Thanks also the Farmer Chris and MBTS.

[@davidstanton197]

Audio was excellent except for a brief glitch or two, so thanks for the extra effort on that!

[@samueljoejr5191]

This was awesome, thanks for sharing!

[@chrislaarman7532]

"Rent or buy" (without "lease", as I remember it) was what made Andrew Camarata start his collection of gear. The considerations of you all three made sense. (Me, I can't judge: I'm an urban European.)

[@machinemoverman4614]

I really enjoy these podcasts, not to take away from your other channels but, this shows the planning and thought processes that goes along with the jobs. I, myself is not a lease type of guy. I have rented some equipment in the past that I don’t own, I pretty much own everything I need now.

[@genesiedenburg9798]

It's interesting how everyone thinks, and their needs are different. Great education on this subject. 👏 🇺🇲

[@young11984]

Nothing like 3 guys sitting around discussing things, never fails that it jumps 90 different was from the planned topic but it always rolls back into it and makes sense why it happens. Good topic to me because i wasnt really sure how a lease worked and now i know i dont have a need for one unless its for a piece of equiptment, thanks for the info. Kind of hurts to hear a farmer is riding across a field on $500k worth of equiptment and hearing about govt shipping out a lot of product overseas and buying substandard stuff for our food intake from there too

[@mischef18]

Missed the live but enjoyed the video bro. Safe travels 👍

[@adamf9000]

The fire company I run with ordered a new ladder truck in 2021 for 1.4 million same ladder truck today is almost 2 million. It’s crazy how prices of stuff has gonna up

[@hollywd269]

I hope you do a video of loading and unloading this trailer, and show how it rides with the air ride. Maybe even throw a camera under the trailer to show the air ride in action. I enjoyed watching your build

[@hollywd269]

Sorry this comment probably made no since I had been watching a video before your podcast and wanted to comment and somehow didn't realize I commented on your page so sorry for the confusion lol. However love your channel as well and enjoyed your podcast. This was definitely an educational video. Thanks for sharing the difference between buying, renting, or leasing equipment!

[@digging_in_the_parks2238]

Farmer Chris with the jokes, love it. Great job fellas.

[@davebeckner1319]

That is a really nice service truck in the background (mobile shop) 😂😂

[@SLCFarms]

Good podcast. I can definitely relate to this one as I have rented leased and owned and seen the benefits and bad parts of all. Personally after doing all 3 I prefer to own but with the price of our farming equipment see the Benefits in leasing. I bought a new tractor last week, $100,000.00 when signing the paperwork the thought of closing the farm and buying an excavator with that $ crossed my mind. I could probably be better off financially with an excavator but I love farming. Both are wonderful lines of work. 😊

[@afewpointsfromperfect]

Thanks buddy

[@randycook4364]

Renting short term will give you the idea weather you should buy or not. Perhaps even think maybe I should go one size larger or smaller. etc, Yes all three have a place.

[@thomaskraan5191]

Nice podcast again; different continents, same issue's /topics

[@SHarris64]

The problem with Farmer Chris’s versatile not shutting off is because there is no diode on the B+ feed to the alternator. The alternator is keeping the system energized. Probably needs a 6a diode installed.

[@IndependenceIron]

No personal property taxes next door in IL. But other downsides over here.

[@lipswift2939]

To me this is a timely release of rent vs leave vs buy. I've been looking at doing something different than the crap I'm in now, I'm leaning toward farming. But with family commitments and the overhead needed for land, equip, etc, its a little overwhelming. I know I can get grants/loans, whatever from the govt.But don't want uncle sam in everything I do. Especially with some of the regulations dictated down. This time we live in is hard to be an entrepreneur.

[@berkoskilandscaping4247]

I think that’s crazy that you pay property taxes on equipment. I guess it depends on how much it is. But my 2 acres cost me 20,000 a year in property taxes. If they charged my equipment too no one would be able to afford anything haha. Great show guys, as usual.

[@farmerchris1]

Wow, where are you located

[@berkoskilandscaping4247]

@@farmerchris1 Long Island New York. Taxes are high all around here. Sucks

[@michaeladams8532]

@@berkoskilandscaping4247 if New York officialread about this property tax on equipment they will do it. Am in Niagara county New York. It’s awful

[@LAKESIDEBOB1]

Is that a miss print did you hit too many zeros? $20,000 for 2 acres some thing wrong here.

[@michaeladams8532]

@@LAKESIDEBOB1 he is correct. Accident

[@teebugg66]

If the price was right that truck would make a perfect truck! Obviously a brand new one would be better but I can’t afford new junk and won’t go in that kinda debt just to keep up with the Jones’s

[@davidwall5414]

Renting allows a company to rapidly expand and contract based on work load without tying up a lot of capital.

[@Tony-InLosAngeles]

👍🏻👍🏻👍🏻

[@brianshanahan6196]

Someone was watching Clinton's channel and answered your call !

[@danmcgraw325]

Maybe the two of you need to fill the need and start an equipment rental business!!

[@stashoski2675]

👍👍👍👍👍👍👍👍very interesting

[@mikel9567]

I'm an advocate for owning, but I see the benefits in renting and leasing as well. One thing you mentioned though is renting costs you money even if it's sitting. This really isn't true. If you are a business owner and know what you're doing financially, then when you bid the project you are factoring in rental costs as well. This essentially means that the client and not you is paying for the rental.

[@riverfrontww]

I think this should be S03 Ep8.2

[@pineknot1929]

No rental yard close sounds like a good business opportunity to be explored

[@afewpointsfromperfect]

No demand that’s why

[@johnunsicker7440]

Rental equipment business makes good money in the right area but they are a lot of headaches that comes with them. You have people that don't really have any business run any type of equipment renting stuff and breaking it. The maintenance and up keep is a killer.

[@ironriver400]

And here I am thinking I went big on my 400-horse tractor for 7500 bucks cash. 1979 International 4786 with a hopped up 855 big cam Cummins engine.

[@afewpointsfromperfect]

Lol love it

[@priscillawoodard9680]

When is the meet an greet at the fair in Indiana an what part of Indiana we plan on coming to it

[@afewpointsfromperfect]

July 8th tell city

[@morgancoble3582]

Tennessee does not have personal property tax. FYI

[@IndependenceIron]

Maybe this is more of a farmer chris question, but does depreciation(for tax purposes) become a benefit when buying new, or do you lose that when leasing? And does that even factor in to your buying decisions?

[@farmerchris1]

Yes you loose deprecation on lease but you use the lease payment is a expense in the rental line

[@thomasdesmond2248]

MBTS road tax is charged at the pump. God bless

[@LAKESIDEBOB1]

What problems are or have you had with Caterpillar dealership?

[@afewpointsfromperfect]

Use to be awesome when Wayne had it now that’s its Boyd the list is to long to type

[@tannhausergate9915]

Listen, someone told me you guys do better if there' comments & interactions and what not... Careful what you wish for.

[@chrisgalliher497]

We pay property tax on every vehicle we own in the state of SC

[@bruceduncan9065]

What’s with the school bus ?

[@tracymclaughlin4504]

That's Mrs. Dirt Perfect's new project

[@northernliving2387]

Mike are you repairing school buses now?

[@afewpointsfromperfect]

No sir

[@NotmeGK123]

county road department here leashes road graders for a year then get new ones so one year its CAT next it's deere next something else money money mean will dirt roads getting worse don't make since!!!!!!!!!!!!!!!!

[@tannhausergate9915]

My most pressing question is if I'm drunk at 1am and put a comment on here, does a little bell wake Jason up to let him know theirs a weirdo up to no good?

[@tannhausergate9915]

God I hope so

[@pineknot1929]

If your operator isn't very good rent

[@ellisschoffstall5554]

the trouble is that gov DOESN¨T work.

[@thatdave86]

Come on DP ,that black truck was junk ,I cant imagine why you thought it would have been worth buying ,unless it was free ,there is a point in machinery and truck life where it's not worth time ,money and effort they normally have worked their live out , logical thinking surely ? Regarding lease or buying either way you don't really own them ,the banks own them ,you work them hard ,wear them out and then have to borrow more money or spend mega bucks on repairs, keeping the machines newish is the balance to juggle 😉

[@johnunsicker7440]

THE black truck for what is was wanting it for and his skills set he has he could have made that a good truck for his business. Like he said 5000 miles a year he would drive it. Was the truck a over the road run it hard everyday truck no but once a week yes that truck would of got the job done. You got to look at what you are using or wanting the equipment for and how much you are going to be using it to know what you need. If you brought new and own it you can control how it is maintain so the upkeep will not be as bad as if you brought used without knowing what it was like. IT is all a guess. each one has it place of each company.

[@afewpointsfromperfect]

Sorry you don’t understand but there is value there and that’s where people like me make good money done it my whole life very sorry to disappoint you buddy

[@johnunsicker7440]

@@afewpointsfromperfect Yes there is value in that truck for the right person. For you it would of work just fine because you wasn't looking to start a hauling business you was just looking to get your rock to your sites and that it. Like you said 5,000 miles a year or so. You have the skills and MBTS to fix it up and make it what you need. The farmer just upgraded his end dump trailer it was 43 years old still a good trailer was just starting to nickel and dime them so they got a newer one. In there case there are hauling 200 to 300 loads of grain, lime and limestone each spring in a month or two plus stuff through out the year. They need something a little bit better and newer just so they don't have the down time. The other trailer would make someone a great trailer that only wanted to do 20 to 50 loads a year. Like you have said many times you got to know what you needs are and get something to full them and not go overboard. The 8500 you sold in no time because it was probably priced right still a good truck body frame wise and even the bed was ok for someone not wanting to do a lot with it but needed it sometimes.

[@vinnyhern]

💩💩💩waste of time! if you dont know when to buy, rent, or lease, maybe you shouldn't have the authority to do so....

[@farmerchris1]

Thanks for your input!!

[@afewpointsfromperfect]

Lol

[@johnunsicker7440]

You missed the whole point of the podcast. It was trying to explain why some buy rent or lease and what makes sense for one does always make sense for someone else in the same work. MBTS place he works out doesn't make sense for them to have 100 lifts sitting in south Indiana when they are working all over the US. Trucking cost and extra man power would kill profit. Better to rent them in the area there are at and besides a company that size walking in and saying I need 10 lifts for a month will get you a better price then i need one lift for 4 hours.

[@tracymclaughlin4504]

Are u an absolute idiot, some folks are new to the business, and don't have a mentor to walk them through it!! This is a great conversation to have for everybody. The real info out there is few and far between