New to the Forum and new to Heavy Equipment. I've been renting a Cat 315 to put in a road on a plot of land I recently purchased, and am weighing the advantages of owning a 312/315 over continuing to renting one for my project. I estimate after the road is cut, rock removed, septic dug, trees pulled and land cleared I will have had to pay $15,000 in rental costs for a Cat 315.
Now the debate. Should I put the $15,000 down on a Used Cat 312/315 finance the remaining balance over 5 years and sale it when I'm done using it. That is if I can stand to see it go, never though pushing down trees and digging 2 ton rocks up could be so much fun.
Only true concern I have is I'm no professional operator and know next to nothing about maintaining an excavator or the costs involved. I've pulled engines, dropped a couple of tranys but never dreamed of having to tackle something like this if I get a lemon.
The financial numbers add up but I cant make a solid judgment on becoming a owner knowing very little on upkeep, care, maintenance, and common expense and problems. Little Help Please...
Now the debate. Should I put the $15,000 down on a Used Cat 312/315 finance the remaining balance over 5 years and sale it when I'm done using it. That is if I can stand to see it go, never though pushing down trees and digging 2 ton rocks up could be so much fun.
Only true concern I have is I'm no professional operator and know next to nothing about maintaining an excavator or the costs involved. I've pulled engines, dropped a couple of tranys but never dreamed of having to tackle something like this if I get a lemon.
The financial numbers add up but I cant make a solid judgment on becoming a owner knowing very little on upkeep, care, maintenance, and common expense and problems. Little Help Please...