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The Logic Behind Investing in Access Equipment for Sale

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Does your line of work require you to frequently work at heights? A cherry picker for sale may be a better option than renting. Here are some of the reasons why investing in access equipment may make more sense for you:

Savings

The purchase of access equipment will entail an initial upfront capital investment. However, if you frequently need to rent equipment to complete jobs, this investment can save you money in the long run.

Renting equipment on a regular basis can become an expensive endeavour, leading to significant costs accruing over time. If you own the equipment outright, you will enjoy a lower per-use cost ratio, which can ultimately benefit your bottom line.

Superior Availability and Convenience

If you frequently rent access equipment, you are subject to the availability of the equipment from the rental company. On occasion, you may find that the equipment you prefer is unavailable when you need it, which might result in project delays to accommodate rental availability schedules.

However, if you own the equipment outright, your project timelines need not be disrupted. You can operate as and when needed without needing to give notice or arrange for pickups, deliveries, and drop-offs. This can enhance your company’s flexibility and ensure that your service delivery capabilities remain superior.

Increased Productivity

Owning equipment can ensure that your productivity is maximised because the equipment is available immediately, and there is no need to schedule around rental availabilities, as mentioned.

Additionally, workers will be more intimately familiar with the operation of the access equipment that you own. When renting equipment, you might frequently face the need to familiarise and train your workers with the rental equipment and ensure that they can operate it safely and effectively. This can have a negative impact on productivity, as operations will be slower and could involve complexities that you are not equipped to handle.

Suitable For Long-Term Projects

If your company needs access equipment for long-term projects, it makes more sense to purchase rather than rent. Long-term projects necessitate extended and ongoing access equipment rentals, which can be significantly more expensive and potentially make your company less price-competitive as a service provider.

Furthermore, owning your own modern and well-maintained access equipment can enhance your image and reputation when seeking to tender for projects. Companies that own their own equipment seem more reliable and are more likely to secure contracts.

Cost Recoupment

Purchasing access equipment means that, at some point, you can resell it. While the equipment will depreciate over time, you will be able to recoup a proportion of your investment costs, especially if the machine is well-maintained and properly looked after.

By contrast, you cannot recoup any rental costs. Reselling the equipment at the end of its useful life can ensure that it ultimately costs less to buy than to rent for the same amount of time.

If you need access equipment and are wondering whether you should opt for a cherry picker for sale or for rent, then contact us at Sterling Access today. We have both options available, and we’d be happy to discuss them with you.