Rentals New Sales Used Sales Contractors Service Parts Propane Gas Party Supplies About Us Home

Renting equipment is quickly becoming a popular alternative to owning equipment. More and more companies are switching to renting because of its many benefits. The benefits of renting verses owning include:

  • Renting is less expensive than buying if the equipment is used less than 70% of the year.
  • Rentals free up cash tied up in owning hard assets, converting fixed costs into variable costs.
  • Pay for what you use, not what you own.
  • Renting gives you access to the newest and most appropriate equipment.
  • Using the right equipment for the job will increase efficiency and save you money in the long run.
  • The owner frequently covers the maintenance costs of the equipment.
  • Break-downs due to normal wear-and-tear are not the responsibility of the renter.
  • Idle equipment can be taken off rent to save money and storage space.
  • Renting equipment for an out-of-state project is cheaper than shipping in your own equipment from further away.
  • Owners incur the disposal costs at the end of the useful lifetime of the asset.
  • When you rent equipment you are not responsible for licensing costs.
  • Rentals allow better debt-to-equity ratios.
  • Rental costs are tax-deductible in some cases.
  • Renting is in line with the worldwide trend towards outsourcing, allowing resources to be dedicated to core activities.
In fact, renting is frequently chosen over owning when there is a:
  • Desire to increase the capital base but not the capital investment.
  • Need for the use of a piece of equipment which cannot be purchased.
  • Desire to try a product or experiment with other models, brands, etc.
  • Desire to save storage space.