If you own a construction company, you can be put in a real bind if your equipment breaks down. If you need to find a replacement quickly, one option might be to go with a heavy equipment rental until the current project is finished. It's understandable though if you don't want to spend a ton of money on the rental as you still might be thinking that you want to get your own equipment repaired. But there are some hidden benefits to renting heavy equipment that you might not have thought about. Here are three reasons why sticking with heavy equipment rentals might actually pay off in the long run.
No Need for Storage Space
If you sometimes have downtime between jobs, you obviously have some storage space somewhere to keep your heavy equipment out of the elements. But renting this space obviously costs money. If you choose to just rent all of your equipment instead, there will be no need to rent or purchase additional storage space because the equipment can be returned to the rental company after each job is completed.
No Ongoing Maintenance Costs
Pull your budget and/or expense report from the last year and take a look at how much you spent on regular maintenance tasks or repair costs. If you own a good bit of equipment, it's probably not going to be a small amount of money. One of the biggest benefits to implementing more heavy equipment rentals into your business is that you never have to perform maintenance or repairs. The equipment should arrive ready to go and if it should malfunction and break down while on the job, the rental company will either come out to fix it or send you a replacement rental.
Long Term Discounts Means More Cash Flow
If you decide to go all in on heavy equipment rental, you can likely get a discount that will further reduce the rental price. Most equipment rental companies will offer at least some kind of discount for an extended rental. This means you'll have more money in your pocket on a daily basis and you won't have to front the thousands of dollars it might take to purchase a new piece of equipment. Going with rentals means you'll have more cash flow available to you to tackle whatever else comes up during your daily business.
Before you purchase another piece of heavy construction equipment, take a look at the benefits of switching to heavy equipment rental instead. Heavy equipment rental will reduce your maintenance, repair and storage costs and will free up more daily cash that can be used for other expenses. Reach out to a rental company today for more information. Visit websites like http://soundequipmentrentals.net to learn more.