Renting Vs Buying Aerial Lift Equipment – Which is Better?
When you need aerial lift equipment, one of the things you might think about is whether you should rent or buy your equipment. Below are some of the things to consider when you are making your choice and why renting might be a better option.
Maintenance & Repair
When you purchase your equipment, you have to maintain and repair the equipment. But when you rent, it these two things are handled generally by the company you rent it from. it can be really expensive to maintain the equipment, so that’s something to consider when you are deciding.
Transportation & Storage
The equipment is very large, so you will need a large place to store it. You want to protect the equipment, so you’ll need the right size so that the equipment is securely accommodated. Chances are that you’ll also need to find someone to bring the equipment in between job sites.
But if you rent the equipment, the costs of transport and storage will be done by the rental company. They’ll also make sure that it’s where it needs to be and remove it when you’re done.
When you own the equipment, you’ll have to make sure it meets code and compliance. When you’re renting the equipment, all of the inspections will be cared for by the rental company. This will save lots of frustration, time and money.
If you purchase your equipment, chances are you’ll have it a while. Renting the equipment means that you can try out the equipment and then switch it out when you want to try something else.
Costs of Depreciation
Even though your equipment is well-maintained, it’s going to have a depreciated value. As the technology changes and there are new features that are introduced, your equipment could become obsolete. If you rent, this isn’t a problem.
When you have your equipment break down, not only do you have to repair it but you’re losing money and time because it’s not functioning. But if you are renting , they will simply bring another piece so that you’re able to keep on working.
These items above are just some of the reasons why it’s a good idea to rent rather than buy aerial lift equipment. When you are in need of this type of equipment find a good rental company and you have the equipment you need without the problems of ownership.