For many jobs in the construction industry, contractors and companies face a dilemma of whether renting equipment is better than purchasing it. There are benefits to renting, as well as some drawbacks, and each such situation requires careful considerations. Renting makes sense for jobs that require unique pieces of equipment, or equipment that may see low utilization rate in subsequent projects. Maintenance requirements are also an important factor when making rental decision, as proper maintenance may require specialized personnel.
- Renting rather than purchasing lets you match the machine size to the specific job at hand.
- Renting frees the user from having to handle equipment maintenance, repair and storage.
- Renting allows users to test drive emerging technologies in construction equipment.
“”That could absolutely change in the future, but for now, with infrastructure funding still being speculated upon rather than finite, I think we will continue to see an upward trend in rental.””