I understand the desire for something of your own – because nowadays, unfortunately, it really is the case that things that do not belong to you are treated carelessly, and when something is broken, no one feels responsible. So no thanks...
Not every household has to own every device.
For us, it's called a "Siedlerverein" with 180 households as members. The annual membership fee is €15.
On the homepage, you can see where one of the approximately 100 devices is ready for pickup and what is charged for usage. Once a year, the invoice comes by email, or you take it home at the annual general meeting with a shared snack. About half of the members attend.
Wood splitters, chainsaws, electric window cleaners, mattress deep cleaners, motor sickles, scaffolding, car trailers, chippers, seed drills, large pincers, saws, fruit presses, large electric mulled wine kettles, hedge trimmers, soil cultivators, hand plows, scarifiers, leaf vacuums or blowers, circular saws, small excavators, lifting platforms and many other items that the men can enjoy can be rented by the day or hour.
There is also a good lawnmower, but it is rarely borrowed because almost every household wants their own (see Karsten).
Oil and pellets are also ordered together due to price advantages.
It works quite well (email or phone call and a note if something is broken) and despite repairs, there is enough money left for new purchases, bus trips (about 60 people) for the annual excursion, etc.
Greetings from an area where "at 7 a.m. the world is still alright."