"Buyer beware" (??)

that included financing fees and tm came with a van.
unit had 600 hours on it i bought it from original owner and he had all
paper work and documintation on including oil changes etc.. it was well
maintained my machine lists brand new for $12,000

Chris

i bought my tm used for $8,000 its a real basic machine if my
engine,blower,and pump all went out tomorow (knock on wood) it would
cost me less then $4,500 to replace all, basically i would have a new
machine for many more years of use.
i have not got burned on a used sale yet but im the kind a guy that has to
kick the tires look under the hood start it up and drive it, then ask a
million questions and rephrase the same questions to try and catch any
conflicts in there story.
i would never make a major purchase over the net it has to be in person.

just my 2 cents

Chris

While I've gotta agree with many of your points here, Ed... I also feel the need to point out the difference between buying from a sole trader & picking up refurbished gear from a REPUTABLE dealer with a service department that backs up their second hand sales.

When I started out, I looked at buying existing businesses and individuals selling used equipment, and even this newbie didn't trust the crap up for sale. 

If I'd had the choise... I'd rather have bought a good second hand TM though, then my new portable.

Perhaps I would have been making a mistake... I didn't go down that road, so I don't know...

I have purchased blowers at auction with success... maybe I was lucky.

My main point here?  Get the best equipment you can afford... you owe it to yourself to at least check out the second hand market.

HOWEVER... as the esteemed Mr. Valentine has said: "BUYER BEWARE"

Cheers,

Allen

Law is different then Jack. In the rest of Canada, it is compulsory to register if sales are over $30,000 annually, but you can still register voluntarily if sales are under that amount. It usually does pay to register.

Superglide Ken wrote: This is why, with the exception of vehicles, which I do lease...

 

How many of you have seen the pics of Nipples "leased" 1970-1980's POS cars in front of his house???

 

WAKE UP Nipples.......and put down the crack pipe and step back!

 

 

AND I find it SO FOOKING FUNNY that nipples has the balls to post in a thread with this ones title!

Beware of giving $$$ to nipples!!!

 

 

Edited by Dennis Conner

Tax must be paid in the hands of the one doing the renting of the equipment. As long as the rental rate is reasonable in relation to fair market value, and income is being earned from it's use by the renter, it is a deductable expense. This is why, with the exception of vehicles, which I do lease, my equipment in the business is set up as a rental and rented to my company. Complete deduction against income, and great income splitting device to pay the least taxes by redistribution of income.

Doug and Steamer, you are both missing the point, I can lease you a 1929 imaginary truckmount for 500.00 dollars a day if you like, the government will take it as a rental and is a fair expense. I do not have to charge you taxes as long as I don't invoice over 30,000 dollars per year income less all expenses, my overhead etc etc. I thought you were talking as a deduction for tax purposes, maybe I read it all wrong.

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