I rented a hoist 3 times before I bought one. I figured that the first 3 rentals would have paid for a hoist so I just bit the bullet.
Its Harbor Freight quality ...it does the job for a home car guy but I wouldnt recommend it for a shop. Its not truely a heavy duty unit but it does the job and folds up standing straight when Im done leaving a small foot print. The only thing that I truely see as a fault is the piston, its slow....meaning you gotta pump a lot to get it up. And I would never trust leaving a hanging engine overnight a top my fender. Im sure better units would take fewer strokes! But for $220 Canadian its all I need.
Ive used it to take the outboard off the boat....move my engines around the shop ...and remove my RB off the pick up. Im sure there will be outher uses!
If you can.... buy it. And buy the best unit you can.