Have a Big Construction Project to Finish? Here’s Why You Should Consider Equipment Rentals
Many contractors have a secret: they don’t always own the equipment they rely on. How, you may ask? In recent years, power equipment rentals have grown in popularity, with as much as 51% of new construction equipment going to the rental lot rather than a sales floor. This service often makes it more convenient for businesses that only need to use equipment for part of a job or have a need for replacement tools while they wait for repairs of what they do own.
Whether a contractor needs to rent scissor lifts and backhoes for a large construction or use hand tool and power equipment rentals for a renovation, there are plenty of options for what can be rented these days. What are the advantages of this service? Here are a few things you can expect when you use construction equipment rentals:
Don’t wait around for commercial equipment repairs to complete. Fortunately, many services that offer heavy equipment repair also have rental equipment that you can use in the meantime, so you won’t have to worry about production slowing down. This means that if you have a scissor lift break down, you can rent scissor lift replacements as you wait for your repairs to complete.
Pay for what you need, not what you don’t need. Construction equipment can potentially cost thousands of dollars, and when you need equipment only once or twice during a job, if at all, that’s money wasted on unnecessary costs. You can keep your costs down and your profits up with equipment rental. You can even write off the rental costs as a business expense in some cases to save on taxes, and you won’t have to worry about the liability and maintenance associated with owning construction equipment.
Only use equipment when you need rather than letting it collect dust. Let’s face it, some items you may not even need to use more than once or twice. For instance, you could rent scissor lifts and floor removal machines rather than tracking one down to purchase. Additionally, you won’t have to work to track down equipment for purchase when it can be rented quickly and easily.
If you think that your construction or building company can benefit from equipment rentals, be sure to talk to a rental service to see what they can do for you. Rentals are typically available by the hour, day, or week, and it can be dropped off and picked up right at your job site.
Have questions on the rental process? Be sure to leave a comment below. More information like this.