If you own a construction company, you're probably used to putting aside a certain amount of money every year to purchase new heavy equipment and perform maintenance on equipment you already own. But before you go out and buy another piece of equipment from your supplier, there's another option you may want to consider. Heavy equipment rental could potentially provide you with some additional benefits that you would not have if you stick to buying your equipment new. Here are three benefits of heavy equipment rental to take into consideration.
Try Before You Buy
Even if you know for sure that you will need to use a certain type of heavy equipment on every single job going forward and therefore feel like buying is the best option, renting might still be to your benefit, at least for a little while. Buying brand new equipment is a big investment and there are likely multiple brand names out there for the piece of equipment you are looking into. You could try renting a different brand name for each of your next several jobs to make sure you find the one that you are most comfortable with before you make the big purchase.
Have Access to a Diverse Range of Equipment at Any Time
It's important as a construction company owner to have access to a diverse range of equipment for any potential job or concern that may pop up. If you only buy your equipment instead of renting some of it, you may not have the additional funds needed to add additional equipment as the need arises. But renting will likely give you the flexibility needed to add another crane or two if you start falling behind in one specific part of the job.
No Repair Costs
When you own heavy construction equipment, a big part of your expenses every year will likely be the ongoing maintenance and repair costs that come with it. But when you decide to rent construction equipment, you will not have to worry about this any longer. Each piece of equipment will show up on site ready to go and if something should break down, the rental company will take care of it for you or provide a new piece of equipment so you can continue your project without delay.
Heavy equipment rental can allow you to try out different brand names before you commit to one for the long term but can also help increase your flexibility from project to project. Best of all, going full rental may allow you to cut maintenance costs completely out of your budget, allowing you to reinvest that money back into your business. Reach out to a local heavy equipment rental company today for more information.