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Both renting and owning heavy equipment can make financial sense. Here’s a quick comparison of what each option offers you.
Renting
Access to a broad range of equipment
Latest technology
Maintenance, insurance, etc., handled by rental company
Lower initial investment
Buying
Get a return on investment when selling unneeded equipment
Equipment is available whenever you need it
Possible tax advantages
Deciding whether to rent doesn’t rule out purchasing equipment, either. Many businesses consider heavy equipment rentals a step on the path to ownership. It’s an excellent way to test out heavy equipment on the job.
You’ll be able to decide whether a machine has the power you need on the job site. You’ll also be able to assess its operator controls, hydraulics, and fuel efficiency. What better way to decide than to try it out?
