Heavy Equipment Rental vs. Buying
Would your business benefit from heavy equipment rental rather than owning it? This depends on your budget and how often you need the equipment. As a savvy business owner, you know that each investment must be carefully planned.
So, here are some things to consider from MTC Equipment specialists on heavy equipment rental vs. buying:
1. Do You Need the Equipment in Your Daily Activities?
If you run a construction company or a business dealing with excavation works or heavy lifting, then it makes sense to own skids, cranes, excavators and other similar equipment. However, if this type of activity occurs only occasionally, then the most logical solution is to rent the equipment when you need it.
2. Do You Have Adequate Storage Space for the Equipment?
Heavy equipment is not just heavy, but also large. You will need a large garage just for these machines. For a small or medium sized business, this extra investment can prove too much. For this reason, you may want to start with heavy equipment rental. As your business grows, you can start considering ownership of these machines.
3. Can You Handle Maintenance and Repair?
Every device, machine and piece
of equipment needs preventive maintenance. This is even more critical in the
case of heavy machinery – which can cause terrible accidents in case of
malfunction. You can do maintenance in-house or hire a specialized company –
but either way it is something extra you have to budget.