Why You Should Rent Instead of Buy Your Construction Equipment

Heavy equipment is expensive. Not every piece of construction equipment can be used to accomplish each task you need performed, so making such a large purchase without knowing you’ll use it every day is not as cost-effective as renting. At the same time, the second you buy equipment it starts gathering depreciation. Let the rental companies worry about these prices!

Not every piece of heavy construction equipment works perfectly for the specific task or project you’re looking to finish. By renting the machinery that works well with the job you need completed, you avoid having machinery gather dust and acquiring depreciation costs that could otherwise be applied to other aspects of your project. At the same time, you also give yourself the chance to peruse new opportunities by expanding your project horizon.

Depending on the contract, many rental agreements have provisions for maintenance and repairs. Be sure to discuss this with the contractor you will be renting heavy equipment from.

You never know where your next project might take place. If your job site is far away from where you store your heavy equipment, it’s likely you will be spending exorbitant amounts of money on transportation costs. By renting from local construction equipment rental companies, you can avoid these high costs.

If you own heavy construction equipment, you won’t be using it all the time. You cannot keep this equipment out in the open when you aren’t using it, and storage costs can pile up. By renting your construction equipment instead of buying, you leave the storage worries for the rental company to handle.

With a highly competitive rental market, it’s common for companies to offer the latest technologies to entice potential renters. Newer equipment means faster and more efficient job completion, as well as compliance with emissions regulations.

Rental expenses are not considered a balance sheet liability. Preserve more of your company’s buying power by renting instead of buying!