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Posted: 1/25/2023 7:55:47 PM EST
A family member bought 27 acres next to me. They are building a home and have a lot of expenses when it comes to a property this large.
One of which would be buying a tractor. I've been approached with the idea of them buying into my tractor, a Kubota L4060. I have all the attachments they would need and would gladly loan them when they need them if they had their own tractor. Their plan is giving me half of what the tractor is worth now, it's a 2016 with low hours. I'm concerned about any issues that might arise from breakdowns from either normal use or misuse not being handled in a timely fashion. Other than hay season and the occasional chore around the property it just sits in the barn. They however have a lot of land to clear and several projects they would need it for. It's not that I don't trust them, but things happen. Thoughts? |
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Quoted: A family member bought 27 acres next to me. They are building a home and have a lot of expenses when it comes to a property this large. One of which would be buying a tractor. I've been approached with the idea of them buying into my tractor, a Kubota L4060. I have all the attachments they would need and would gladly loan them when they need them if they had their own tractor. Their plan is giving me half of what the tractor is worth now, it's a 2016 with low hours. I'm concerned about any issues that might arise from breakdowns from either normal use or misuse not being handled in a timely fashion. Other than hay season and the occasional chore around the property it just sits in the barn. They however have a lot of land to clear and several projects they would need it for. It's not that I don't trust them, but things happen. Thoughts? View Quote |
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Dwight Schrute had the good wisdom to not "share" a tractor.
You should too. |
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Neither a borrower nor lender be. Or something like that.
A good friend of mine, and I bought a boat together. This was like 25 years ago. The boat was about $1500 but that’s besides the point. Guess who did all the work to keep the boat running, yours truly. Guess who never turned a wrench on the boat or helped pay for parts. Guess who kept the boat. Me Never again. |
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Noooope.
Buy your own stuff. I wouldn't even do that with a friend, much less family |
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Bad idea and you know it. A simple implement?... sure let them borrow it. 2 tractors for helping each other out will be usefull anyway
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I don't care what all the others say, I say hell no.
eta- I don't know what experience they have with equipment, but if they're like a lot of people they'll tear that little tractor to pieces trying to clear land. Even best case on their skills and temperament, that's not the right machine for clearing. |
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Hell no, don't lend it, don't rent it . Try it with an implement or two, see how that doesn't work out.
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As a tractor owner that would be a hard no.
When it comes to implements I would loan any drag type. If they want to borrow the hog I would look at what they want to cut before I loaned it. I would never loan a tiller if there are roots and rocks. ETA I wonder if a no sets off some strain with your new family neighbor. |
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if they have half the money, tell em to go buy a Kubota L2030
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“I will gladly help run it for you.”
No way in fucking hell would I loan out my tractor. |
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You’ll end up with your own version of the “Tractor Story”. I think it’s probably a a bad idea.
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I sell tractors. The level on no this is doesn’t have a scale.
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You're crazy if you share your stuff with them. Tell them to pony up for their own tractor and implements
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I would help them find a tractor they could afford to pay 100% of.
I know John deere had some killer financing a year ago. I think my brother got 0% for 3 years on his new deere. |
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IF you do it, the price tag should be more than 50% of the current value. If they put a lot of hours on it the value will drop due to THEIR use.
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My dad and a good friend and neighbor bought a tractor together when I was young. he had the room in a barn for it so it was stored at his place. Anytime dad needed it other guy always said he had to have it that day. The guy also destroyed the shit out of all attachments. I know my dad was always annoyed with the situation for all the more he needed it to brush hog. I wouldn’t do it. Nor would I loan attachments. I was always amazed with the amount of things this guy mashed with a 6ft rotary cutter. Some people are just hard on shit. I like to take care of my stuff. If a (good) friend wants to borrow my tractor I always just go do the work with it.
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Mostly agree with the tide here, but since it's family and a hard "no" may be problematic, how about an agreement of joint ownership/maintenance? He can buy in for whatever significant amount y'all agree on, and then use, maintenance, repairs, taxes(?), insurance(?) is shared per the percentage spelled out in the partnership agreement and you are the managing partner. If he fails to abide by the agreement, he's out without a buyout.
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I've seen this! (Kubota dealer for 31 years) It ends poorly for you. They gonna beat your tractor (well, half your tractor) to death accomplishing their goals and now they have someone to split the "fix it back right" bill with!
It's a win/win...for them. DON'T DO IT! |
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OP I was in a similar situation, and I will say hell no
In my case my family members are constantly wanting it back as soon as I have it. It doesn’t sound exactly similar to mine as the tractor stays at their place due to my current storage areas. But I have to ask to pick it up, tell them I need it for the week, then half way through the week I get the call that “we really need it” and I get guilted into to bringing it back Help them find their own, but do not do the “halfsies” |
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I lent my neighbor a small trailer, it took a month for him to return it and the tongue was bent. He since moved, but I don't lend out stuff. This would be a hard no, it's bad enough he moved next door to you.
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There's definitely something to what others are saying about trusting your feelings of doubt. It can get sticky.
My advice would be to rent it on a per hour basis to them. You can charge a base rate for the tractor and a rate for the implement. Charge enough that you could cover regular maintenance easily and make sure y'all agree on what to do if something major comes up (breaking an axle, tire puncture, etc.). You keep more control if they are renting it per use, it's your tractor and theres no shared ownership. Whatever you do, try to get how you will handle every forseeable contingency in writing. Establish the expectations from the beginning, what is OK, what is not. Though potentially difficult, it can be successful and a win-win for both parties. I've rented equipment from both family and neighbors and have got along fine following those rules. |
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I have a really good friend I loan my tractor to when he needs it. He has treated it like dogshit in the past several times. That's when I cut him off. Bucket is all dinged up and bent, which, whatever, its a tractor, but I have been able to use it without fucking up the bucket for hundreds of hours. But the last time I got it back the throttle didnt work cause this fucking idiot pulled a tree down which smashed into the throttle lever. Luckily I was able to fix it in not much time. Some people don't know how to borrow shit.
When I borrow things, I treat them with kid gloves. My buddy, he treats it like he was borrowing it from a rental place and got the insurance. |
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um.. no.... they'll break it and then sue you because they got hurt
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Quoted: A family member bought 27 acres next to me. They are building a home and have a lot of expenses when it comes to a property this large. One of which would be buying a tractor. I've been approached with the idea of them buying into my tractor, a Kubota L4060. I have all the attachments they would need and would gladly loan them when they need them if they had their own tractor. Their plan is giving me half of what the tractor is worth now, it's a 2016 with low hours. I'm concerned about any issues that might arise from breakdowns from either normal use or misuse not being handled in a timely fashion. Other than hay season and the occasional chore around the property it just sits in the barn. They however have a lot of land to clear and several projects they would need it for. It's not that I don't trust them, but things happen. Thoughts? View Quote Bad idea! |
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It would be like going partners on an airplane. I've seen it work out in a few situations, but that was the exception not the rule. All it's going to take is for something to break. One of you will blame the other and the other will feel falsely blamed.
In short: Two men and a tractor is a love triangle. It may spark a feud. |
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Tell them to buy a used tractor they can afford. Having said that, my brother uses my tractor but he also helps me maintain my land. It's not a big deal since he is a competent user. Anyone else, no.
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you do the work with your tractor and charge them is the best way to go.
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Part of the responsibility for being a landowner is being able to equip yourself to handle his land.
He wants you to equip him versus taking responsibility for his own stuff whether it be buy, lease, or rent. It's different than neighbor X has something that breaks down and everyone lends a hand because than is what neighbors do. Just say no and provide advice on how to buy something while on a budget. See various 0% financing deals out there now. ETA: or sell them your stuff and upgrade what you have |
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Simple rule in life is not to share possessions with friends or family because shit always goes wrong.
The whole split costs thing never works equally and the one that gets screwed is usually the one that didn't have the idea. There are very few people I will even let borrow stuff and it is because I know their character very well and if something happened to it they would replace it. |
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