Renting Construction Equipment: It's Like A Test Drive

10 December 2018
 Categories: , Blog

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For any construction firm, equipment costs are a leading expense. Sure, there are maintenance and operating costs that come along with these purchases, but even worse, sometimes a firm purchases a piece of equipment only to later learn that it's not what they need or want. 

Thanks to depreciation, getting back what you paid for the equipment is often impossible if you try to sell the equipment. Wouldn't you like to test the equipment before you bought it? Construction equipment rental services can allow you to do just that. Learn how you can use equipment rental like a test drive. 

Function

Be mindful of the equipment's function when you rent construction equipment. More specifically — does the equipment do what's it's supposed to do? If a piece of equipment does not perform at the standard that you need it to, without question, you should not purchase the equipment as it won't be helpful to your business. 

Value

You should also think about the value. Remember value, is not just about the ticket price of a piece of equipment. Value is about the cost of the item vs the amount of money you can earn from it. Construction equipment that is used more often is considered more valuable than equipment that is not used as often. For this reason, it's typically not wise to invest in equipment that you will rarely use. You should instead continue to rent the equipment. 

Operation

While you test the equipment, pay attention to its operation. For instance, is the equipment something that one of your crew members have the credentials to operate or do you need to bring someone in to do so. If the latter is the case, you should likely continue to rent the equipment since some equipment rental companies offer operating services.

Transportation and Storage

Where you will house the equipment and how you will transport it should also be a part of your "test drive." In terms of storage, for large equipment, there are additional costs that go into the process. If you don't use the equipment often, you will find yourself paying for equipment you don't even use. In terms of transportation, there are special trailers that you may need to invest in to deliver the equipment to a work site. Keep in mind that when you rent, these are expenses you don't have to worry about. 

The above represent just some of the factors you should consider when testing equipment. While in some instances you might find that it's worth it to invest in the equipment, there will be those instances when renting is the smartest option. Whatever you decide, make sure you keep your company in mind.