gregcole said:
OVERKILL! big time overkill! like using bazooka to kill a fly. FEW people on here really have a NEED for soomething THAT powerful! most people probably buy it for ego or napoleonic tendencies
Overkill? Napoleonic tendencies---Who you talkin bout?
Dreams of Grandeur? Many people have told you your business model doesn't work.
Ever seen a soccer mom with two kids and a Suburban? Ever seen a 350 horsepower pickup that is 3 years old and not a scratch on the inside of the bed? Ever seen a jacked up $48,000 4wd pickup that has never been off the pavement?
How about a 6,0000 square foot house for a retired couple?
I have a $1,000 office chair?
Greg, How much did you spend on your Wifey's Car?
First off let me explain the difference between a Business Expense and a Personal expense. All interest is deductible on a business expense. (Only on a house for personal) In time you can depreciate the whole purchase amount of your Business equipment purchase. For most of us in the 40% tax rate a $50,000 business item will cost 40% less than a $50,000 personal item.
Let us get down to the difference between a new decked out
Vortex and a nice new fully loaded Judson. Is it $30,000?
When you bought your last house did you bat an eye when the Realtor took you to a house that was $50,000 over your request?
Let us say that it is $30,000 more for the
Vortex.
It will get more work done--we all agree. The price difference is Tax deductible. So Uncle Sam is pitching in 40% of the difference.
Then we have Equipment Tax Purchase Credits---look into those.
Let us say you keep it ten years and they are both worthless at the end of ten years. It will have cost $3000 per year more. That came off your taxes so it is really less than $2000 per year difference in. The interest will be a lot more though.
In real terms if you are already making a payment on your truck and you are making good money and paying taxes the upgrade lets say you go from 1200 per month to 2000 per month the difference of 700 will cost probably cost you less than $450 out of pocket.
Talk to your accountant to verify this stuff. You don't have an accountant? The best money you can spend is on a good accountant....
How many hours does the owner operator spend in and around his truck? 60 hours a week?
How much nicer is it working in a box truck that does not smell like carpet cleaning?
Does it increase his view of his own accomplishments? Does it overcome customer resistance? Does it kick him in the ass sometimes to get more work? Does it say"This man has HUUUUge Kahunas?" Does it give him the capacity to do work he could not do otherwise? Is this work that only he can do with this unit going to be charged at a premium rate? Does it take him out of competing with the Broke dick coupon guys?
On another note how much does it raise his monthly payment? $400 or $800 a month? Is that just one good job a month?
Does it fit your business model? no but it could. They are an efficient carpet cleaning system. Greg--Do you have enough work to keep a two or three man crew busy in one on just the Big jobs? Does it fit my business model? No I can't get out of my porty in the back of my Chevy HHR mindset....
Dream Big or Go Home....
Rick
