Should You Rent or Buy Your Farm Equipment?

In need of some durable farm equipment to help out around your property? Then you may be considering renting your equipment rather than buying it. While both options have their advantages, some buyers will benefit from rental options more than others. To ensure you’re making the right choice for your farm, we recommend reading through our helpful advice below. 

When to Rent Your Farm Equipment 

The length of time and the frequency with which you would use a piece of farm equipment are the most important factors to consider when deciding whether or not to rent machinery. If you plan to use your equipment very infrequently—even if you’re using it for a months-long project—it’s likely more affordable to rent a model rather than purchase one. While the rental payments will add up over time, they’re unlikely to reach the same price as the model’s sales tag, and you have the added benefit of being off the hook for long-term expenses—such as maintenance and insurance fees. 

When to Buy Your Farm Equipment 

 While rental fees are unlikely to add up to a model’s total sticker price, you also don't want to pour too much of your money into a machine you’ll never own. If you’re renting a piece of farm equipment more than 3 times a year—even for short periods of time—it’s likely more cost-effective to simply purchase a model of your own than continuously pay to rent out the model whenever you need it. 

Whether you’re looking to buy or rent your next piece of farm equipment, we encourage you to shop with us here at Mullally Tractor Sales! Our location here in Jeffersonville, NY offers an enormous collection of top-quality models available for you to purchase or rent, and we proudly serve the nearby regions of Ulster County, NY, Delaware County, NY, and Wayne County, PA.