Heavy equipment is a necessity for many businesses. Whether you’re in the construction industry or need heavy machinery to make your business function, it’s essential to know what type of machinery meets your needs. In this blog post, we’ll cover the pros of heavy equipment rentals versus owning heavy equipment so that you can make an informed decision on which route would work best for your company.
Pros of Heavy Equipment Rentals
You Don’t Have To Pay Upfront
When you rent equipment or machinery, you don’t have to pay a large sum of money upfront. You only have to pay for the usage time. Rentals work well for equipment that is used only periodically and not for equipment used daily.
Rentals save on maintenance costs. For example, if you purchase equipment, you have to keep it in good condition. However, when renting equipment, it is the job of the rental company to do the maintenance.
Updated Machinery and Equipment
One of the best things about renting heavy equipment is that the rental companies continuously update their equipment. Therefore, when you rent equipment, there is a very high chance you will get the latest equipment model. Heavy machinery is costly, which means most businesses cannot purchase new equipment when a new and updated model comes out.
No Storage Issues
Rented equipment does not have to be stored when not in use. However, if you purchase the equipment, you have to protect your investment from environmental elements in a secure place.
Modified Shipping containers are excellent for storing equipment during the rental period.
Pros of Purchasing Heavy Equipment
Lower Overall Cost
Depending on the usage frequency of the equipment, sometimes purchasing the equipment can lower your overall cost. For example, if you use the equipment daily, the long-term rental fee could be very high. Therefore, it is better to buy the equipment in such cases instead of going for rentals.
Another advantage of purchasing the equipment is that you get ownership. The equipment is yours, so you don’t have to worry about availability issues.
Even though the heavy equipment provided by other companies is usually well maintained, you can never be sure about any accidents or problems it has encountered previously. In addition, high usage of the machinery on different project sites can wear it out.
Both buying and renting heavy equipment have their advantages and disadvantages. If you are looking for reliable heavy equipment rentals, contact Carolina Containers & Transport at 919-562-9187. We carry compact track loaders and excavators to meet your construction needs.