3 Reasons To Rent Heavy Construction Equipment Instead Of Buying
Posted on: 24 February 2018
If you own a construction company, you know that a big part of your business is keeping your heavy construction equipment up and running. If a mission critical piece of equipment suddenly fails, it could leave you scrambling to go out and find a replacement. But before you go out and buy something that's brand new, stop and consider the benefits of equipment rental. Here are three reasons why it might be a good idea to rent heavy construction equipment.
No Ongoing Maintenance
Take a look at your ledger from the last year and you will probably see a lot of resources that were poured into performing maintenance on your equipment. Your employees probably spent a lot of hours making sure everything was working properly and you probably had at least a few repair bills to take care of. The great benefit of renting equipment is that someone else takes care of all of that for you. Equipment rentals arrive ready for action and if something breaks down, the rental company will take care of it or get you a replacement.
Perfect for Special Projects
If the reason you are looking for new equipment is not because something you already own broke down but rather because you don't actually own the equipment you need for your next project, rentals can again be a big help. Why purchase a brand new piece of equipment for a special project if you don't see yourself using it again after said project is complete? Get an equipment rental, tackle the project at hand and then go back to business as usual without having to worry about what you are going to do with new equipment you no longer need.
Keep Cash on Hand for Other Things
If you are used to tapping into your cash reserves whenever you need new equipment, stop and think about the other things you could use that money on if you didn't have to use a big chunk of it on new equipment. Get a much less expensive rental for your current project and keep your cash in the bank.
Before you reach out to a vendor and tell them you need to buy a bunch of new heavy construction equipment, stop and see if any local companies in your area, like El Camino Rental ,
offer construction equipment rental. These rentals are great for one-time projects, can help you keep the bulk of your cash available for other things and should free up your workers since equipment rentals don't require ongoing maintenance.