Should You Rent or Buy
Should You Rent or Buy
United Rentals- Almost 40% of construction equipment used in the United States is rented rather than purchased, and that figure is expected to rise another 12%. Buying equipment and only using it every now and then might not be the best purchase decision. It can get expensive over time. There are a few things you should keep in mind on why renting is better than buying. First off, when you buy construction equipment, it takes a large portion of a business's capital. Not only that but insurance, taxes, licensing, and interest on loans get tacked on on top of the purchase. When renting equipment, you pay for what you need, when you need it. Places offer renting periods by the week to renting by the month, so investing in equipment for a short period of time is not so bad. Plus, if the business slows down, you can simply return unneeded equipment to the rental company. When owning your equipment, you have to haul it from job site to job site. That can get expensive and a hassle. Rental companies deliver the equipment quickly, they can use computerized maintenance programs and GPS systems to keep tabs on location, status and service needs. Plus, rental companies upgrade their inventories on a regular basis, offering access to the newest and most advanced equipment. And if something goes wrong, they have the tools and expertise to fix it, You don’t have to look for someone with experience and work around their time frame to fix broken equipment.

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