As a contractor, you may be faced with the decision of whether to rent or purchase heavy equipment for your next project. While the prospect of buying and owning equipment to use again seems appealing, it is not always the best option. Choosing equipment rental is often the better route.

Below, the staff from Contractors’ Equipment & Service Corp. in Waipahu, HI, explains some of the benefits of renting your equipment instead of purchasing it:

• No Maintenance Fees: When debating whether to rent or buy your heavy equipment, carefully weigh the cost of both. If you are planning to use the equipment for an extended period of time or multiple projects, it may seem more cost-effective to purchase the equipment. However, once you have factored in maintenance costs, including the price of repairs and new equipment parts, it is cheaper to rent.
• A Better Option for Short-Term Use: If your project will only last a few months or it is the only project of its kind, choose equipment rental. Heavy equipment will eventually wear down and become outdated. Maintaining equipment is not worth the cost if you will only be using it for a short time.
• More Available Funds for Your Business: Renting only requires payments as long as you are using the equipment, which saves you money to continue reinvesting in your business. You can use that extra money for marketing, hiring new employees, or purchasing equipment that will get more use.

Contractors’ Equipment & Service Corp. carries a wide range of heavy equipment available for rent. To view all of the options, visit their website. To learn more about their equipment rentals or schedule a repair for your machinery, call (808) 676-7566.