When you need heavy equipment for a job, you can rent what you need or buy the items. There are pros and cons to each, but many contractors and construction workers find that equipment rentals are better financially, particularly for short-term projects. If you aren’t sure whether to rent or buy, here are several benefits of renting heavy equipment.

4 Reasons to Rent Heavy Equipment Rather Than Buy It

1. Low Cost

Buying heavy equipment involves major up-front costs, and you must pay for insurance, licensing, storage, and maintenance. With equipment rentals, the cost to rent is low, and you don’t have any long-term expenses. You simply pay for the rental and the cost of transportation to and from the work site.

2. Quality Equipment

As new technology and innovations become available, equipment quickly becomes obsolete. As a result, equipment you purchase may lose its value quickly. By renting, you not only ensure you’re always working with the latest equipment, but you also safeguard yourself from devaluation.

3. Minimal Maintenance

Maintenance of heavy equipment is intense, ongoing, and expensive. Most contractors and construction companies lack the overhead to handle such tasks. With equipment rentals, you’re never responsible for maintenance. You’ll always receive equipment in good working order and never have to worry about the cost of service and repairs.

4. No Storage

Purchasing large equipment, tools, and machinery has its benefits — like being able to use it any time you want. The downside is you need a location big enough to store the equipment long-term that’s accessible for regular use. If it’s difficult to get in and out of storage, you may not use it, making it a wasted investment. With equipment rentals, you never have to worry about long-term storage, saving you money and hassle.

If you aren’t sure whether you should rent or buy heavy equipment, consult with the experts at Contractors’ Equipment & Service Corp. These mechanics and equipment rental professionals supply contractors and construction workers throughout Honolulu, HI, with truck rentals, heavy equipment, parts, and auto body repair. They’ll use their expertise to help you determine whether equipment rental is right for you. To get a free estimate, call (808) 676-7566 and visit them online for more information.