There are many advantages for your company to enjoy when you choose to hire construction equipment. The construction industry can be very unpredictable so it’s logical not to tie up a lot of money in expensive equipment that you may not use for every project. On top of your initial outlay to buy the equipment, you have to maintain the equipment while all the time knowing that the value of your equipment is depreciating.
Here are more reasons why you should hire rather than buy:
- Hiring equipment allows you to hire for just long enough to complete the job. If you buy the equipment you will be tying up large amounts of your cash flow.
- If you are considering buying any equipment, hiring before buying will allow you to see which equipment would be the best for you.
- Reading about the machinery gives you an idea of the features but actually having the chance to put the equipment to the test will give you a true idea of how the equipment will perform on-site. This hands-on experience will help you decide on what to buy.
- When hiring construction equipment you can be assured that the equipment is reliable and well maintained. Plant hire equipment is regularly inspected and ready to work.
- To be more competitive, plant hire companies ensure that they have newer models of the equipment, giving clients access to the latest technology. This will enable you to save time and money.
- Renting your equipment means you have a variety of equipment to choose from. Having access to a variety of equipment allows you to get the right equipment for the task at hand.
- All repairs to hired plant machinery are the responsibility of the plant hire company. Should equipment malfunction while you are using it, you can simply return it to the rental company, get a replacement and get on with your project without any extra expense to you. By renting you don’t have to budget for any vehicle repairs so service and maintenance cost of construction vehicles is eliminated.
- Having a whole fleet of construction vehicles will add storage costs for the vehicles to your expenses. Most times you will only require certain machinery for certain projects and the rest of the vehicles will need to be stored long term. These storage costs can become very costly.
When working in the construction industry you learn to keep your eye on the bottom line. Most times it makes business sense to hire at least some of the equipment you will need. Renting equipment is a popular option for business owners or individuals wanting to complete the project.