Although most of us choose to purchase and use our own equipment, there are several reasons why you should rent heavy equipment instead of purchasing it. Are you debating whether to buy or rent heavy equipment? Don’t worry; Alibaton is here to explain why you should rent heavy equipment right now. Continue reading!
You can avoid Upfront Investment.
We all know that buying new construction equipment is costly and can significantly affect the company’s budget. In addition, purchasing new equipment is a long-term commitment that binds you to a piece of specific equipment. Renting or leasing equipment helps companies efficiently distribute their financial capital by avoiding the initial costs associated with buying.
Decrease Long-run Expenses Due to Maintenance
When you own a piece of equipment, you must also keep in mind that it will cost you some maintenance and repairs. While rental equipment will also need maintenance and repair, the cost will be much lower than the purchased equipment.
The time and labor costs of maintenance and repairs are lower and more manageable with rented equipment. Rather than thinking about maintaining equipment for its entire life span, renting it relieves you of this burden. Instead of taking the time to map out a long-term repair plan, you will be free to concentrate on the immediate future.
You can avoid storage and transport costs.
When you are running a construction company, storage costs will always easily add up. To secure, arrange, and store all of your tools and equipment, you will need more warehousing space.
Since you can have rental equipment shipped and picked up whenever you need it, it will give you ease and relief over logistics whenever you need to transport your gear from one site to another. Some rental companies even transport the equipment for free! Renting will assist you in responding more quickly to a variety of needs in various locations. The coordination and precision of putting the right piece of equipment in the correct position at the right time will help streamline processes, reduce workdays, and the most important of all — save money.
You can try it before you buy.
This is another great advantage of renting equipment — you got to try the equipment before buying it. Since you may rent and use it for a specific period, you’ll have a better insight into the equipment’s performance, durability, and ease of navigation which will then help you in deciding which equipment or brand to buy from if ever you decided to buy your own in the future.
You can pursue new opportunities.
Purchasing new equipment is a long-term investment that requires you to use it for a long time. We all know that specific projects necessitate the use of specialized and up-to-date equipment in order to produce a desirable and flawless result. In this scenario, renting equipment is a good choice because you’ll still have access to the most up-to-date technologies needed to complete the task. Since equipment evolves over time, equipment purchased today will quickly become obsolete.
Now that you know the advantages of renting heavy equipment; I would like to ask you, would you rather rent or own it? I have a feeling you’ll prefer to rent! In that case, get in touch with Alibaton right away!