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When it comes to construction equipment, you are usually better off renting it than buying it. The number one reason for this is because of price. It costs a ton of money to buy the equipment and it also causes logistical issues. When you buy the equipment, you also need to find a place to store it and you need to transport it from site to site. You will also need to buy insurance for the equipment which is very expensive as well.

Key Takeaways:

  • Renting costs less than buying new equipment so it sometimes is best to rent as you will save money and not break your budget.
  • When you buy your own construction equipment, you also have to buy insurance for it which is extremely expensive.
  • When you buy construction equipment, you also have to take care of the storage as well as the transportation of it which isn’t practical.

“In contrast, renting equipment comes with a fixed monthly cost. This is much more affordable for most contracting companies.”

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