Ask Danny Videos
Buying Tools vs. Renting Tools
By: Danny Lipford
If you’re like me, walking into a hardware store or home center can be dangerous. If I see a tool I don’t have, then I want it. But, in reality, there are tools that I simply don’t need. This is where it really pays to examine the option of renting a tool.
A good example is using a tiller, like this one. For about $400-$500, you can purchase one to use anytime you need it and it really is a great tool to have.
But here’s where you need to ask yourself, when would you use the tool again? Will you need it again before six months? If the answer is no, then consider renting. For about $50, you can rent a tiller, get the job done quickly and not even have to worry about maintaining the tool. So, before making another major tool purchase, ask yourself how often the tool would be used and consider the option of renting.