Loaders, excavators, skid steers, trucks, lifts, generators, uninterruptible power supplies and other equipment are essential to a lot of prominent industries. But like any other department or resource, they can and must be streamlined for maximum efficiency and versatility.
Rental options can fill in during an outage or emergency and provides flexibility that extends to logistics and finance, at a minimum. In addition, competition among rental providers can work to the consumer’s advantage with prices, specials and service. Equipment rental appeals to many industries because of its many benefits and advantages.
Some of the fundamental reasons why you can keep your costs down by renting construction equipment are discussed below:
Reduced Disposal Costs
A long term benefit of heavy equipment rental is that contractors who rent their equipment have minimal concern over disposal and resale costs. Renting equipment eliminates the responsibility of preparing your machine for resale.
Minimize Equipment Fleet
With business expansion comes the added need for newer, bigger equipment with more offerings or different applications. Renting equipment to fill in these new needs allows you to quickly and efficiently expand without the responsibility of managing more equipment yourself.
Storage Space Unneeded
When it comes to owning construction equipment, your costs aren’t just limited to the initial capital investment and maintenance. In addition to these costs, you’ll also have to pay for storage when your equipment’s not in use and for transportation to get it to job sites. Renting equipment eliminates the need for storage space.
Revenue Sources Varied
Certain projects likely require specialized equipment to complete the job in a timely, effective and correct way and purchasing certain tools may not be financially secure. By renting equipment you can save on upfront costs and expand your offerings.
Transportation Costs Unincurred
Re4nting equipment means that you don’t have to spend money to transport the equipment. The logistics that come with storing and transporting construction equipment are handled by the rental company.
Depreciation Protection
The value of the equipment you own depreciates over time. Some machines hold their value better than others, but all used machines eventually become worth less than what you initially paid for them. Rental payments can be much more beneficial than a huge upfront payment come tax time. These expenses are even deductible for some businesses, while a new purchase represents a depreciating asset.
At One Stop Hire, we work hard to support customers in Nebraska and Pottawattamie County, Iowa, by providing rental construction equipment from a range of trusted brands.
