If you’re in the construction business, you should know that the equipment rental industry is growing rapidly. While it’s no secret that there are many positive aspects to renting construction equipment, there are also a lot of myths and misconceptions about the process. Let’s talk about the most common myths of renting construction equipment and show you why it’s not as bad as you may think.
One of the biggest myths about renting is that it’s not an efficient use of resources. The truth is that equipment rental is an effective and affordable way to obtain the latest technology. It’s an especially helpful way to get the most out of your fleet, whether you’re expanding your operations or taking on a new type of project.
Equipment rental is also a great way to avoid long-term commitments in some instances. This is particularly advantageous if you’re uncertain about how much work you’ll be doing in the future. For instance, if you’re working on a special project, you might need the flexibility of a short-term rental contract.
When you rent construction equipment, you don’t have to worry about upkeep. In addition, the best rental companies offer training and can help you determine what you need. You can even set up daily or weekly contracts to accommodate your specific equipment needs.
Owning construction equipment requires a lot of upkeep, such as storage, transportation and maintenance. Using a construction equipment rental can allow you to maintain a high degree of flexibility, which can help your business run more smoothly.
Unlike owning, renting construction equipment provides the flexibility you need to expand your operations or tryout a new type of job. Since it’s not an asset, you can also avoid insurance premiums.
It’s easy to see why so many professional contractors are turning to the construction equipment rental industry to save money and increase efficiency. Rentals don’t require capital investments, so you can ramp up production while keeping your cash flow stable. Also, rental equipment is often dependable as new. By opting for a rental, you can ensure that your equipment is in top shape when you need it, rather than having to deal with a broken machine.
Purchasing equipment can be an attractive option, too. But the high price of equipment means that you’ll be paying for a machine you may not use all the time. Not to mention, if you have an unforeseen shortage of equipment, your project’s price will skyrocket. And, of course, the most important thing about renting equipment is that you don’t have to keep the machines pristine to be successful.
In the end, the key to a successful construction rental is to choose the right provider. Find one that will give you the flexibility and quality you need. To find out more about our effective equipment rental solutions, contact your local Talisman Rentals.