Owning a construction company can be a great way to establish a successful career while simultaneously being able to express pride in the permanent and impressive things that you produce. However, that pride and comfort comes with a number of challenges, and if you've decided to buy all of your own equipment, you may find yourself struggling to stay on the positive end of those challenges.
Below, you'll find a guide to some of the advantages of renting rather than purchasing your heavy construction equipment. Keeping these positives in mind should provide you with the confidence you need to transition to a rental model, guaranteeing that you can continue to offer the services you're known for without struggling to keep up with your equipment.
Most heavy construction equipment is extremely reliable and durable, but that strength comes with a cost. In order to maintain the reliability and durability that you count on, careful maintenance tasks such as lubrication and engine tune ups can take up a lot of your time and limit your access to your equipment.
Your equipment rental service, on the other hand, will perform those maintenance tasks for you. You can be sure that your equipment rental company will be experienced in caring for their inventory, and if you ever find yourself dealing with a break down, a replacement will be easily and swiftly available.
Real estate costs can be a substantial expense for a construction company. Purchasing a large lot designed to store your equipment and then securing that lot can take a large bite out of your bottom line, and it is likely not the best place for you to focus your investment.
Rather than buying a large lot and then paying someone to secure it, choosing to rent your heavy equipment will put the storage burden on the rental company. This can allow you to downsize your space and could even allow you to move to a more centralized location where you could generate additional business.
Committing to a piece of heavy equipment with a purchase means that you could risk falling behind the curve of modern technology. As new machinery is developed, you're likely to be stuck with the same equipment for a period of years. A rental service, however, is able to turn over their inventory much more quickly. This can provide you with access to new and updated equipment on a regular basis, guaranteeing that your projects maintain the highest possible level of efficiency.