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Why You Should Invest in a Heavy Equipment Rental Instead of Buying
April 4, 2023
Heavy equipment is essential for performing many different types of work. You might be building something, moving dirt, or lifting and moving very heavy items in large quantities. Whatever type of business you might have, if it requires heavy equipment to get work done, you have two options for acquiring that equipment. You could buy it or opt for heavy equipment rental. The rental option works best for many contractors and business owners. The following tells you why.
Lower Overhead Costs
When you choose to rent heavy equipment instead of buying equipment outright, you reduce your overhead costs. Heavy equipment needs safe storage to protect against the elements when not in use. It also needs protection against possible theft or vandalism. The cost of buying heavy equipment is very significant and can be especially burdensome for small businesses and contractors. Renting is a more affordable and sensible option.
Only Pay for Actual Use
When the heavy equipment you own is not in use, it becomes a potential liability. If it were to suffer damage, your business might take a significant blow to your revenues. Renting heavy equipment only costs you money while you're using it. Smart planning can help to limit your rental costs to only those days and hours that you actually need to use the equipment.
Renting heavy equipment can also lower the environmental cost of getting work done. According to Global Market Insights, renting equipment can reduce carbon emissions by 30% to 60% over the life of the equipment compared to owning it.
No Maintenance or Repair Costs
All things mechanical require maintenance and occasional repairs to stay in good condition. Maintaining and repairing heavy equipment can be very costly. When you choose to rent your heavy equipment, you're not responsible for maintaining or repairing the equipment. If something does break or fail while you're using it, you can exchange it for one that is working properly.
Frequent Equipment Upgrades
Heavy equipment undergoes continual development and improvements. The same goes for heavy equipment rental
options. When better equipment is available, you can rent it instead of selling existing gear to buy a newer model. This means you'll always have the most up-to-date equipment for your business.
These were just a few reasons why you should rent your heavy equipment over buying it. Renting can save you money and you won't have to worry about maintenance or repairs. If you're looking for dependable equipment rentals, turn to Simon Equipment Rentals today!
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