Field operations
Is it cheaper to hire this equipment or buy and resell it?
Hire cost is weeks times the all-in hire quote. Ownership cost is purchase plus weekly costs over the same period, less expected disposal proceeds. Use comparable terms for fees, servicing and insurance.
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Worked example
With the example inputs below, the calculator returns these results.
Total hire cost €650.00
- Use period
- 10 weeks
- Weekly all-in hire
- 65 €/wk
- Purchase price
- 850 €
- Expected disposal proceeds
- 420 €
- Weekly ownership costs
- 12 €/wk
Other results
- Net ownership cost
- €550.00
- Saving with ownership
- €100.00
Use your own figures
Check which option costs less across the planned period of use. Open the worksheet, replace the example values, then copy or print the result.
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