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Here Are Some Reasons Why You Should Consider Renting Your Construction Vehicles.

 

Getting your hands on your own, brand new cherry picker can be a great feeling, but have you considered if buying your construction equipment is the right decision? The purchasing of construction equipment, versus renting, has an impact on your business beyond just monetary consideration, and not many project managers consider what the effect of purchasing equipment has on their risk factors and opportunity costs.

We’ve put together a couple of reasons why you should consider renting construction equipment for your next project.

You only pay when you use it

If you own your construction equipment, you still pay for it, even if you’re not using it. This can become a hassle if you own specialised equipment that doesn’t get used that often. By renting your construction equipment, you only pay for the time you use it.

Your project benefits from modern, technologically advanced equipment

When you buy your construction equipment, you lock yourself into a specific make and model for years at a time. This might mean that when newer technology comes to the fore, you might still be stuck with equipment that no longer perform as cost-effectively as you might need it to. Renting your equipment means you’re always using the best equipment the market has to offer, which is great for your project and your bottom line.

You expand your business opportunities

Very few construction companies have the luxury of affording the wide range of construction vehicles available. This means that companies end up only being able to take on very specific projects. By renting equipment, you can take on any project you want, seeing as you only have to rent the equipment needed for it, and not worry if it’s in your fleet.

No maintenance costs

The advantage here is straightforward. Renting your equipment means you don’t have to spend time and money on maintenance and repairs. Great for keeping your costs low and giving you an edge in the market.

No storage costs

If your equipment isn’t in use, you have to find a place to store your vehicles, which can bump up your running costs. Renting your construction equipment means the rental company has to worry about storage, not you.

Tax considerations

Depending on the way your business is set up, you can subtract the business costs of renting equipment against your tax. Owning, as we know, means you have to deal with depreciation costs and other liabilities.

If you need any information about renting your construction equipment and vehicles, or just want to know what other advantages Sterling Access can offer your construction project, please don’t hesitate to contact us today.