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I rented machines when I started out, I didn't have the capital nor the security established to take the risk in buying a machine. When my monthly rental fees approached the amount a payment would be on a machine, I took the risk. It has paid off tremendously, not only do I have equity in the machine, but I'm not spending time picking up and returning the machine, which would be a minimum of two hours each time I rented. The other plus is convenience, I have the machine where I want it when I want it, I don't worry if it is available when I need it or if the job is big enough to warrant the time and expense of renting a machine.
I'm curious about $350/month for a tracked machine. You've either got a huge down payment or found one somewhere dirt cheap. My machine was nearly $900/month in 2000, a rubber tired skid steer.
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