Renting construction equipment is becoming more popular with contractors because it allows to save them money. When you rent equipment, it saves you a lot of money and it also allows you to take less of a risk when it comes to liability. You don’t have to deal with repairs and maintenance this way. When you rent, there also is no storage fees or transportation costs attached. You simply rent the equipment, use it to get the construction job done, and then return it.
Key Takeaways:
- You can rent equipment for a few hundred dollars per day, whereas buying that same equipment can cost tens of thousands of dollars.
- There is no point in buying equipment that you are not going to use on a regular basis.
- Rental companies are responsible for the upkeep of the equipment, so you don’t have to worry about this at all.
“A recent study by the American Rental Association (ARA) concluded that the practice of renting equipment in the construction industry is at an all-time high”