Creating A Business That Works

Posted on: 9 February 2021

Do you run a business where maintaining a fleet or collection of heavy duty equipment is critical to your success? If so, then you are probably always on the look out for the first sign of trouble so you can perform maintenance on your equipment when needed and prolong its lifespan for as long as possible. But there will eventually come a time when you will need to replace some of your current heavy duty equipment and replace it with new machinery. But before you go spending thousands of dollars on this endeavor, there's another option you might want to consider. Here's why you might want to look into renting some of your heavy duty equipment instead of purchasing it.

How Often Did You Use It Really?

When you are considering replacing an existing piece of equipment or heavy duty machinery, take a moment to consider how often you were actually using the old equipment. If the answer is "not as often as expected," then why would you want to spend thousands towards something that might end up gathering dust in between big projects? If it's a piece of equipment that your business is expected to have to get the job done but that you don't actually use that often on your more mundane, daily projects, then perhaps renting is a better choice. This will still provide you with access to what you need, when you need it, but you won't have to sink cash into something you aren't using every day.

Your Credit Is Already Tapped or Getting There

Heavy duty equipment can be expensive when purchased outright, and perhaps you've already tapped your company's credit line for the current fleet of equipment. If something dies on you and needs replaced but you don't have the funds or credit available to justify buying a new one, renting could be just you need. Don't put your company further into debt when it's simply not necessary for you to do so.

No Worrying About Transportation 

Owning your own equipment can have its benefits, but it can come with some downsides as well. That includes having to figure out how to safely transport your heavy equipment from job site to job site or from your warehouse to the next job site. Each time you transport this equipment, it will likely cost you extra money in fuel and safety precautions. When you rent instead, the rental company will bring the equipment right to your job site.

For more information about heavy duty equipment rentals, talk to an equipment supplier in your area.