I don't think he has actually bought it yet though.
@sparkuri have you bought it already? You said you were getting the hard sell from the salesman still.
I know you want the backhoe but unless you want to put a lot of seat time and a lot of hours on your tractor to run it you will be way ahead of the game just renting a small back hoe. What is the back hoe price, like 8 grand?
Like
@Dash Riprock said, the constant moving the tractor, adjusting etc is a big pain in the balls.
I guarantee you that you could do more in an hour or so with a rental hoe than you could in a day with a tractor attachment.
Pretty much everyone that owns a tractor here has recommended not getting one.
I'll leave this here, whatever you decide can't wait to see it!
View: https://www.youtube.com/watch?v=IWQgaq5KfOk
So, here's the crux.
I am now officially retired.
The only thing I can really do is education, limited online invisible untraceable revenue, or skillful flipping.
This means moving 3 times every 4 years, or networking out of homebase & flipping 1 to 2 per year.
This means transportation costs.
In my entire region, rentals are 4 hours or 8 hours, period.
1 hour away minimum.
So every day or specific job on a backhoe is $300+, and time, transportation, etc.
I've got an old RAM1500, no real capital, no labor force, worthless(actually expensive) kids, and a flatbed trailer that maxes out at 4k lbs.
My tow capacity is 10k +, but likes 5-7k, at about 4mpg at best, with over 100k on the rig.
If I drop the 8-9k backhoe, which is financed at 0 apr for 10 years, that's $75/mo, $100 max with gas, parts, service, over 10 years.
Even if renting a backhoe was $100/day, that's 29 days a month I don't have the option to use ine, in a storm zone, heading into a who-knows-what depression?
If I buy now where the apr isn't connected to an adjustable rate, my payments roll on as currency inflates, & I own my own work for 10 years, learn, go go go, FAR cheaper.
If I assume to rely on traveling & coordinating a backoe, the cost can ONLY rise through inflationary headwinds.
If markets & commodoties swing wildly, I can build indefinitely with far less reliance on anyone, with a parts desler & hub nearby.
I am becoming a bank, not at the mercy of one.
This rate is basicslly free after a flip or 2.
THEN I can see financially what's feasible, get that bigger rig, sturdier flatbed, etc. etc.
Additionally, family difficulties make this basically the only feasible option.
There just isn't the flexible option to "rent-on-gig" right now.
I respect everyone's point of view, and appreciate the learning.
My arm does have a 9.5' reach & thumb, so this will be my learning time with a stop & go style.
I'd much rather go get a new mini excavator for 9k financed at 0 APR for 10 years, so if you've got a line on that I'm all ears!