Why should I rent instead of buy?
Minimum Equipment Inventory/Disposal Costs
Equipment ownership can be very expensive, especially when the equipment is idle, as owned equipment often is. By combining ownership of basic equipment with rental equipment as needed, idle time and cost are minimized.
Right Equipment for the Job
Ownership of equipment can add two hidden, but very real costs to your job. 1) Inefficiency due to the use of the wrong size or type of equipment, and 2) additional hidden costs of maintenance and repair incurred by using your own equipment. Rental equipment ensures the right equipment for the job.
Warehousing sites are seldom needed for rental equipment. We do the storage for you.
Virtually all equipment is subject to breakdown. However, when rented equipment breaks down, it can be quickly replaced by our rental company, at no cost to you. Time losses or breakdown of owned equipment are eliminated along with the cost of repairs.
Equipment rented includes full maintenance. You need no repair shop, no spare parts inventory, no mechanics, no added maintenance payroll or maintenance record keeping.
Manufacturers are constantly trying to capture a bigger share of the construction market by designing new, better, and faster equipment. Ownership involves the risk of rising wage costs and slower job completion time due to owning equipment that has become slow and inefficient compared to new models. Renting allows you to have an updated inventory of the latest equipment.
Better cost control is possible with rented equipment. Knowing the true costs of equipment owned is difficult. Rented equipment offers you just one accountable cost figure...the cost shown on the rental invoice.
Business owners will find you have less inventory loss due to pilferage when you rent equipment rather than purchase it. Although at first glance this may seem strange, there is a very logical reason for it. The presence of continuous billing on rented items tends to establish accountability for them. It is difficult to establish accountability with a large amount of miscellaneous equipment that is owned. On the other hand, equipment rented from us, and must be returned at some time, somehow seems to be watched with sharper eyes...and we even call you if the item hasn't been returned by the time you state. A piece that you own could be missing for months without being noticed.
Renting is a direct expense that is important at tax time. Purchased equipment must be depreciated over a period of time.
Conservation of Capital
Renting equipment, rather than owning, frees capital for other, potentially more profitable uses.
Increase in Borrowing Capacity
The renter generally finds borrowing easier because he has a better ratio of assets to liabilities since the equipment does not appear as a liability on the balance sheet.