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Why Rent Construction Equipment? Here Are 10 Benefits.
By caterpillar | Posted: January 16, 2024
Are you looking to introduce a new piece of construction equipment to your fleet? While this is an exciting time, you might be concerned with the upfront costs of new equipment, as well as ongoing maintenance fees, storage and more.
So, what’s the solution? One option is to consider renting your construction equipment.
Renting equipment has many advantages that can help you take on more work and run your business more efficiently and cost effectively.
By renting your construction equipment, you can:
Eliminate the cost of repairs
When you rent construction equipment, not only do you avoid the large upfront fee, you also won’t be stuck with the repair costs. This is because all repairs and servicing are handled in-house by your supplier, meaning your equipment will be provided to you in peak condition.
Reduce your resale or disposal costs
When you rent, you don’t need to be concerned about retaining your equipment’s value when it’s time to sell or dispose of it; you can simply return it to your supplier. This means you don’t have to worry about market conditions or preventative maintenance costs.
Flex your equipment to your business needs
Sometimes you might be working on several jobs at once, all requiring different equipment. On other occasions, you might go through quieter periods of work. Renting means that your equipment won’t be sitting idle. You will pay for as long as you need it.
Minimise the size of your core fleet
When growing your business, you might take on new projects that require newer, bigger equipment. Renting allows you to quickly ramp up production capabilities without having to make a long-term investment. You can keep your core fleet small but expand your equipment to meet your business needs, as and when you require it.
Access the right equipment for each job, every time
Using the wrong equipment for a job can be an inefficient use of time for your operators and can lead to subpar results. Renting your construction equipment allows you to choose the most suitable equipment to fulfil each job’s scope.
Reduce the need for storage and associated costs
Having more equipment allows you to take on more jobs, right? But what happens when you have nowhere to keep your equipment while it’s not being used? Renting equipment saves on storage – just return it to your supplier once your project is complete, with no need to worry about extra storage fees and overheads.
Control project costs
When you rent your equipment, there are no unexpected costs – just the price you’ve been quoted by your construction equipment supplier. This makes it easier to control your project costs, helping your business to be more profitable.
Access the latest technology and equipment advancements
Newer equipment often uses the latest technology which can benefit your business, helping you to operate more efficiently. However, purchasing new equipment every time there are new features added is not an option for most small businesses. By renting your equipment, you’ll constantly have access to the latest equipment and technology.
Improve cash flow
When you rent your construction equipment, you’re not required to make any upfront investments. Renting helps you to stay nimble, meaning that you can take on additional projects as they arise, scaling equipment up or down depending on needs.
Renting also helps you to avoid routine maintenance costs and unexpected repairs, putting your business in a better financial position.
Try before you buy
If you’re considering purchasing a new piece of equipment but not sure if it’s right for your business, renting it is a great way to get a feel for it before making the financial commitment.
When you rent equipment, you can test it on a few jobs and make sure it’s the right choice before purchasing.
Interested in renting construction equipment? Visit The Cat® Rental Store
Find everything you need at The Cat® Rental Store. Rent construction equipment, search for popular brands and tap into the expertise of our extensive dealer network.
Learn where to rent equipment near you by locating your nearest dealer or browse our wide selection of equipment on The Cat® Rental Store.
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