Why do contractors opt to rent construction equipment instead of purchasing? Simply put, renting over buying is cost-effective, and the benefits speak for themselves. While it may seem like a good idea to have a heavy duty forklift out back, odds are you are using it less than 30% of the time while still having to make expensive monthly payments. Here are some advantages to renting construction equipment for all your earth-moving projects.
Save On Maintenance
Making every single dollar invested in a project go as far as possible means that you can reap a greater payoff upon completion. Renting equipment saves you the added expenditure involved with routine upkeep as well as part replacement and labor costs. Not having to worry about maintenance means less downtime so you can move from job to job with ease.
Save On Storage
We all know that warehouse and yard space cost money. Eliminating the need to store equipment off-site can increase profitability. Rentals give you the freedom to decide how much room you actually need and what you want to do with it. Add the convenience of on-site delivery, and you’ll worry even less about getting your construction equipment to your job site.
Expand Your Fleet When Needed
Supplementing or expanding your existing fleet on an as-needed basis is an extremely cost-effective way to let you finish your projects quicker and complete more jobs. Why purchase a scissor lift at a premium price that you may only end up using three or four times a year? Rent it for a fraction of the cost when you really need it.
Get The Latest Equipment Available
When you purchase equipment, value depreciates quickly. Renting equipment gives you the luxury of knowing you can get the newest models available. You can be sure that it has the latest safety features and Tier 4 emissions-compliant engines without having to make a long-term investment. Renting can also free up your mechanics to focus on the maintenance and repair of your core fleet so you have what you need when it's time to go.
What Professionals Look For in a Construction Equipment Rental Company?
Many professional contractors opt to rent their construction equipment over purchasing them outright. Here’s what they look for:
- Competitive Pricing
Professional contractors know that the lowest price doesn't always mean a good deal. While pricing is important, it’s critical to understand the value of what you are getting for that price. - Equipment Availability
Should you be in a last-minute pinch, you’ll want your rental equipment company to have a variety of options that will suit your needs. Renting the wrong type of equipment could slow your construction project down. - Reliability of Equipment
Construction equipment that looks poorly maintained or old can be a red flag that it may not provide reliability. It’s critical to inspect the equipment you are about to rent to make sure it's in proper working order. - Equipment Rental Policies
Not every construction equipment rental has the same rental policies. Whether you need a long-term rental or delivery of your equipment, it’s important to understand the responsibilities of both parties. Here are some questions to ask your rental equipment company:- Are there rental options for the day, week, and month?
- What are the rental rates?
- What are the holiday rental policies?
- What are the delivery and pick up service terms?
Renting construction equipment is a cost-effective alternative to owning a fleet. If your business has a variety of projects with different equipment requirements, Calgrove Rentals can help. From skid steers and construction tools to excavators and forklifts, contact us today at (818) 805-1617 for all your construction equipment needs.