When you run a construction company, there will be certain types of heavy equipment that you purchase so that you can always have access to it, but other equipment you decide to rent instead. There are quite a few reasons to rent heavy construction equipment instead of buying, including the following.
You Don't Have to Worry About Storage
An excellent reason to rent your heavy construction equipment is that you don't have to try to find a place to store it. Some construction equipment, like smaller compactors and hydraulic equipment might be easy to store on your business property and keep locked up, but do you have room for a bulldozer or multiple excavators when you need it? Instead of paying for another site to store the extra-large equipment, it might be better just to rent it when you need it.
It is Delivered to Your Job Site
Another benefit of renting your construction equipment is that many rental companies are going to deliver it to you, bringing it directly to the job site. If you were to purchase the construction equipment and have somewhere to store it safely, you would still need to transport it or drive it to the site of each construction job, which can be a large job on its own. It is very convenient having it dropped off and picked up as needed.
Renting Saves You on Upfront Costs
If you decide to rent your heavy construction equipment, you will naturally save money on the upfront costs. In the long run, if you end up renting equipment that you use often, it might not be the best financial decision. However, if you are just starting out and don't have a lot of capital, it is a great option. It is also financially beneficial if it is something you only need occasionally and not constantly, such as a backhoe or forklift for just some of the bigger jobs.
The Rental Company Takes Care of Maintenance
Have you ever had a major piece of equipment break down, then discover it has happened right when you need it the most to finish a job? If so, you understand how frustrating this is. With rental equipment, you are getting equipment that goes through regular maintenance, plus they will deliver new equipment if there are any issues with the one you rented. This keeps you from having to worry about maintenance or repairs.
Share6 April 2017
My family owns a thriving timber business. For over thirty years, they have been meeting their customers’ needs in my home state. One of the reasons for their success is their commitment to purchasing state-of-the-art heavy construction equipment to use in their business. After buying the most technologically advanced machinery available on the market, they also strive to maintain it for the safety of their employees. If you own a business, you need to regularly schedule a professional to check the safety of your heavy construction equipment. On this blog, you will discover how to protect your employees by hiring someone to regularly check the safety of your machinery.
