Trucks, loaders, power generators, lifts, and such equipment is essential if you plan major renovations or building something new. And all of them cost a lot of money. You need to find the best solution considering funds, versatility, and efficiency.
No matter the industry, every cent matters. So before you decide to spend a lot of money on machinery and other equipment, consider renting it. The renting industry is getting more and more popular each year for a reason. Besides being cheaper, it offers a wide range of benefits that are usually overlooked. Still not convinced? Check out these benefits of renting the construction equipment.
1. Avoiding purchase cost
Before you buy that new truck or bulldozer, consider other options that come from renting. Using rented equipment doesn’t mean you don’t have funds to buy a new one. It simply means you’re choosing to spend your money smartly. Contrary to popular belief, besides the construction field, other industries use construction equipment as well. This means that renting is getting more and more popular.
Regarding that, purchasing brand new equipment has some downsides that shouldn’t be ignored. Besides being extremely expensive, it is a long-term investment, which means that you can’t upgrade your items as the new ones come out. Renting avoids such expenses and allows you to rent more modern equipment for your business.
2. No repairing, maintaining and replacing responsibilities
Heavy machinery and vehicles need proper maintenance to operate at an optimal level. By buying such equipment, don’t forget to take into consideration the cost of upkeeping. With equipment you own comes the responsibility of maintenance and repairment. Even though it’s still important to take care of rental equipment, the cost compared to purchased items is much lower.
Besides checking if the equipment is safe to use, routine maintenance includes changing broken parts, retiring vehicles, servicing, and rebuilding equipment. To get it all done, it takes a lot of time and nerves. Remove stress from your busy schedule by renting equipment. By leasing, you have more time to focus on your current tasks and nearer future, than to plan a budget and maintenance years ahead.
3. Avoid storage fees
In case you own a lot of equipment, not everything will be in use at the same time. As a manager, you’ll have to have a special fund for equipment that is not in use. Depending on your project, you’ll never know when you’re going to use your bulldozer, tractor, or a forklift again. For large equipment like these, it’s hard to find an appropriate storage place.
They need to be kept in a safe and dry place. In addition to that, their size requires a large space that needs its own maintaining. So why don’t you cheaply rent used forklifts for that specific job instead of paying thousands, or even more, for the storage space? This will greatly affect your bottom line each year.
4. Reduce transportation cost
Using your construction equipment, you need to take care of additional investment which also includes transportation. Sadly, no teleport can help you move your machine from storage to a construction site or workplace. Even though there are ways in which you can transport heavy machinery, it will greatly affect your budget each year.
In case you opt for rented equipment, transportation expenses are usually included in the contract, so it’s one less thing to worry about. Rental companies take care of logistics because they want to make sure their equipment safely arrives and is returned without a scratch.
5. Up-to-date technology
Once you buy a machine, it’s not likely you’ll be able to afford a new one when it comes out. You’ll only consider replacing your equipment once it is broken beyond the repair. Even then, you’ll hesitantly purchase new items, while still repaying the debt from the previously bought machine.
In that case, renting is an ideal solution for you. You may ask yourself “How do I know rental companies have the newest technology?” and the answer to that question is easy. Renting is getting more popular as the years go by, and companies that rent such equipment want to make sure they keep their customers satisfied no matter what. Such competitiveness incites companies to offer up-to-date machinery that is faster and more efficient. By renting, you have the opportunity to use recent generation machines without the expenses that usually come with them.
6. No more wasting time
Every business owner would agree that time spent waiting is wasted time. Not only is the deadline closer, but it also affects your profit. So having workers wait for machines to arrive or equipment to be installed can be bad for business.
Once you sign a contract with the rental company, you will never have to wait again. They offer on-demand delivery, so for example, if you need a forklift at 9 in the morning, it will surely arrive by that time. If you need it for a week, or even a month, it all can be arranged.
These are only some benefits of renting construction equipment. Besides saving money, it allows you to save time and manpower. No matter how long you need to rent equipment for, most rental companies stand by your side. So get on with the business, and stop worrying about unimportant stuff. Renting is easier and usually better for your company.
- This is a guest post not written by the site’s owner.