When you have a job that calls for heavy machinery, an equipment rental is often the best way to go. According to the American Rental Association, in response to a 2019 survey, 93% of respondents stated that they had utilized rental equipment at least once throughout the year. Here are a few of the many reasons why it’s often better to rent equipment than buy.
Better Return on Investment
Completing a specialized job that requires unique equipment is usually a good opportunity for profit. However, when you have to purchase your own equipment, the ROI for the project isn’t as healthy. If you’re only using a certain type of equipment every so often, it often makes a lot more sense to go to an equipment rental outlet to get what you need. If, in the future, it becomes worthwhile to buy the equipment, you’ll have experience with certain brands and models.
No Need for Long-Term Storage Space
Heavy equipment and large industrial devices can take up a lot of room when it comes to storage. This won’t be a long-term concern for you when you opt to go the equipment rental route. You’ll need to make sure that it’s secure on-site, but when the job’s finished you’ll just return it to the rental shop rather than having to make room for it in your storage areas. It’s easy to become overwhelmed with storage needs, but by using rental equipment, you’ll have fewer repairs and storage issues to deal with. It’s a win-win situation.
Everything You Need Is Available
Have you ever needed a piece of equipment and then been shocked by the lead time to purchase it? When you have a reliable rental company in the local area, it’s easier than ever to gain access to the equipment that you need. Don’t overlook how much of a convenience equipment rental can be for companies of all sizes. You’ll be able to get the equipment you need for the job exactly when you need it.
Come see us the next time you need an equipment rental. Our terms are fair, and our staff is friendly. We can help you find the right equipment to get your job done. Call or stop by Ramco Rental Inc. We look forward to hearing from you.