When does it Makes Sense to Rent Heavy Equipment?
Sometimes a job calls for a tool that you don't have in your toolbox; so what can you do about it? Well, you can either go out and purchase the tool, which can make sense in some situations, or you can rent it, which is often a clear choice for individual contractors. This is especially true when that tool is too big to fit in your toolbox, like, way too big. Think, excavator, tractor or backhoe big. While purchasing heavy equipment might be the right move for some companies, it can make a lot more sense to rent in many situations, especially for small business contractors. Let's look at the top scenarios where renting shows an advantage.
Short Term Need
If you only need a large piece of equipment for one job, and don't foresee yourself or your company needing it again in the future, or at least infrequently, why buy it? Renting will make using the piece much more affordable and will suit your needs timewise.
To Avoid Repair Risk
If you have to stretch your dollars in order to purchase a new piece of equipment, does that leave you any money to repair it should it suffer a breakdown? When you rent, you don't have to worry about the cost of repairs, as that's taken care of by the rental company, assuming it was out of your own control.
Can't Afford Downtime
Not only do you not have to worry about the cost of repairing equipment if it breaks if you rent, but you also won't have to deal with elongated downtime. A new piece of equipment can be provided by the rental company to minimize downtime.
Environmental restrictions require many vehicles, including heavy equipment, to meet certain emissions criteria. It can be very expensive to update aging equipment to keep up with these standards. But if you rent, this issue is placed on the rental company.
Can't Afford It
Perhaps one of the most obvious reasons to rent is if you simply can't afford the heavy equipment, or at least the down payment. Renting prevents you from having to tie up capital to ensure you have the cash necessary to get the job done when it comes to buying other materials and paying your workforce.
If you need to rent heavy equipment Albuquerque reach out to Highland Rent All. We offer high quality, up-to-date Contractor. No matter what you need for the job, we can get it for you. To reserve your equipment rental in Albuquerque or the surrounding area give us a call at (505) 293-4100 today.
Highland Rent All Blog
Written and Published By MORBiZ
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