Purchasing new construction can require a large sum of money.  Often, firms need to save for a long time before they can afford a piece of machinery. Before making a long-term commitment to equipment, evaluate the logistics of owning it. Wondering whether you should buy or rent the construction equipment?

Here are a few reasons that justify renting rather than buying these heavy machineries.

Avoid the Initial Purchase Cost

Renting construction equipment is substantially less expensive than purchasing it altogether. You can start with your project immediately, with the correct equipment before you have enough funds to acquire your own equipment. Furthermore, you won’t be paying for licensing, maintenance, or insurance when you rent construction equipment. This makes it cheaper and hassle-free.

Less Maintenance and Repair Costs

Owning your construction equipment entails additional fees for repair and upkeep. Contractors that hire construction machinery from reputable providers can be certain that the machines are always well maintained. The supplier’s professional technicians will do all adjustments and services in-house, reducing future inconveniences on the construction site.

Depreciation Costs

Construction equipment, like any other entity, loses value over time. As a result, you will almost always make a loss when selling heavy equipment. However, if you rent, the depreciation cost will have no effect on your firm since they are not the owner.

Project-Specific Rentals

Renting your equipment allows you to have access to a wide range of models to meet the needs of each work. Typically you get to choose from a large selection of modern machines, where you can find the proper equipment for your specific task.

Solve Equipment Storage Issues

Most rental companies will handle replacements and long-term storage for their clients. If a rented machine fails on the construction site, your rental service provider may indeed give immediate assistance free of charge!

Transportation Logistics

You may need to move the equipment from one site to another. This will require you to rent or purchase tractor-trailers and pay for workers to load and unload the machinery. Instead of dealing with all of the logistics yourself, let a rental business do it all for you.

Further Considerations

One of the most significant benefits of renting construction equipment is having access to the most up-to-date technology. You can find the latest pieces of equipment, let it be excavators or saws, at One Stop Hire!