In the construction industry, every contractor relies on heavy equipment and machinery to get the job done on time and correctly. However, for some companies, it can be challenging to choose between buying the machinery or working with a construction equipment rental. Here’s what to consider when you’re deciding to buy or rent the equipment.

How Often You Will Use the Machine

Depending on the type of construction work, you’ll use different equipment more frequently than others. If you plan on using the same machine often and at almost every job site, it’s worth purchasing the equipment whenever possible. However, if you’re only using a specific machine once due to constraints at a particular site, a construction equipment rental is the best option. 

Tax Incentives for the Purchase

Buying equipment counts as a business expense, which is tax deductible in most situations. However, many industry professionals don’t realize that the rental fee you pay each month can also be tax deductible. Look at your finances and decide which one will benefit you most for the year and for the long-haul.

Estimated Maintenance Expenses

When you own equipment, all maintenance and repairs are your responsibility to cover. However, when you lease equipment from a construction rental company, those maintenance and repair expenses are covered by the company. If you have an issue, you can just call the rental service and schedule a maintenance appointment. If a unit breaks, they’ll help you find a replacement quickly, so the job can stay on task without pushing you over the deadline.

Need a drilling rig or machine for an upcoming project, but don’t want to worry about purchasing one of your own? Contact the team at The Hole Works in Franklinville, NY. As the area’s trusted construction equipment rental company, they’ll help you find everything you need to get the project completed on time. Learn more about their services online and call (716) 676-3998 to discuss your needs today.