Why You Should Rent Equipment

With more construction work available, renting additional needed equipment is a reasonable alternative to equipment acquisition.

Although more construction work may be available to construction contractors, credit still remains tight. Some contractors may find it difficult to purchase equipment needed for a job. Renting that additional equipment is a viable alternative. Here are seven key reasons why renting equipment can get you what you need while minimizing ownership hassles.

  1. Cost control - Renting equipment means no hidden costs of owning. Just make sure the equipment is returned undamaged.
  2. Capital conservation - Capital won't be tied up in equipment.
  3. Borrowing capacity - Increase borrowing power by offering a better ratio of assets to liabilities.
  4. Safety - Using what you have instead of what you need can be a safety issue if equipment is used improperly.
  5. Real cost analysis - Rented equipment offers you just one cost figure.
  6. Inventory control - Continuous billing for rented equipment establishes personal accountability.
  7. Mobility - Contractors are able to go to almost any rental business to find the items or equipment they need.

Read more about reasons to rent in the June/July 2011 issue of Pavement Maintenance & Reconstruction magazine.