The decision of whether to buy or rent heavy equipment can be a tough one. Understanding the benefits of buying heavy equipment instead of renting will help you make an informed decision.
You Save Money in the Long Run
Buying heavy machinery is a one-time purchase. It’s an investment—if you care for it properly, it will last you a long time, and you will likely save money in the long run.
This choice depends on how much you’ll use it. If you use a machine twice a year, you probably don’t need to buy it. If you need the machine consistently, the cost will eventually even out. If it is a necessary tool for your projects, the machine could even pay for itself over time.
Your time is also valuable; how much of your time do you want to spend waiting on the rental company? Delaying projects due to a lack of available machines could impact your profits.
You Ensure Worker Safety
Hiring professionals who know how to work with your machines is the safest way to operate them. This way, you know how they operate, you can trust them with the machinery, and you can rest assured that your hire will adhere to set safety procedures.
When you rent, you will likely only hire a temporary operator for that machine each time you use it. Working with a new person every time is risky, as you can’t build a relationship with that individual, and they may not operate up to your safety codes.
In addition to your essential construction site safety gear, investing in your machinery and pros who you trust to operate it is an effective way to keep your employees safe.
You Get Quality, Reliable Machinery
Once you buy the machinery, it’s yours. You are responsible for performing maintenance and replacing damaged parts. Because of this, your team should know when your heavy equipment needs maintenance.
However, this also means that you know that the machine you’re using is up to date. You know you can count on that machine to remain in top condition, which isn’t always the case with rentals.
There are several benefits and downsides to buying heavy equipment instead of renting, just like with anything else. We hope this quick guide will help make your decision a bit easier.