How this works

Hiring is simply day rate × days per year. Owning adds up finance repayments plus running costs over the same years, then credits back the resale value at the end. The break-even is how many hire days a year it would take to match the annual cost of owning — above that, owning usually wins.

	Per year	Over 5 yrs
Hire	$132,000	$660,000
Buy (net of resale)	$133,529	$667,645

Break-even utilisation

61 days / yr

On your numbers

Hiring is cheaper

At 60 hire days a year you fall short of the break-even of 61 days, so hiring works out cheaper over 5 years on these figures.

General guidance only. This tool gives indicative results from the numbers you enter. It is not engineering advice, a compliance assessment or a substitute for a competent person, AS 2550 requirements or your crane manufacturer's documentation. Verify anything safety-critical with a qualified professional before acting on it.

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