The raw cost of renting is more manageable in the short-term as well. Let’s break down some specific numbers when looking at industry averages and prices from Big Rentz, a major heavy construction equipment rental agency. There is one clear driver for the growth of construction heavy equipment rental. Industry construction equipment is too-often left to collect dust until it’s needed for a new project. Naturally, doing so only leads to equipment depreciation. Renting can thus be a double benefit to construction companies.
- Whether this increase in rentals is due to the ailing economy or due to other socioeconomic trends, the rental movement is likely here to stay.
- There are a number of other benefits to renting construction equipment instead of buying it.
- Finally, renting gives construction managers the opportunity to try out construction equipment before making a purchase, should they be considering that route.
“There are a number of other benefits to renting construction equipment instead of buying it, including the opportunity to “upgrade” your equipment as you see fit, which gets around maintenance costs, and foregoing costly storage space.”