Rental rate for using a CNC Shark?
Posted: Sun Aug 25, 2019 11:49 pm
Howdy. I have a question of the monetary/ethical/philosophical variety, but I’ll try to keep it brief!
My friend bought a CNC Shark HD3 Extended Bed a few years back. It now resides in my garage. Between the two of us, I’m the only one who has put in the time and effort to learn how to use it. I’m just starting to get a few small, paying woodworking jobs using the CNC Shark. I’m doing 100% of the work, but it seems only fair that I toss him a few bucks for the use of a tool that he 100% paid for. What do you think would be a fair rate for “renting” time on his machine (which, again, occupies space in my garage and uses my electricty)? Ten percent of my net profit? Twenty percent? An hourly rate, based on actual milling time?
What would you want to get paid for renting out your CNC Shark to a friend?
Thanks in advance for sharing your thoughts!
—DanG
My friend bought a CNC Shark HD3 Extended Bed a few years back. It now resides in my garage. Between the two of us, I’m the only one who has put in the time and effort to learn how to use it. I’m just starting to get a few small, paying woodworking jobs using the CNC Shark. I’m doing 100% of the work, but it seems only fair that I toss him a few bucks for the use of a tool that he 100% paid for. What do you think would be a fair rate for “renting” time on his machine (which, again, occupies space in my garage and uses my electricty)? Ten percent of my net profit? Twenty percent? An hourly rate, based on actual milling time?
What would you want to get paid for renting out your CNC Shark to a friend?
Thanks in advance for sharing your thoughts!
—DanG