Construction Equipment: To Rent Or To Buy

By Crystal Maloney


Construction site managers face many daunting choices every day. Whether to own his company's construction equipment or rent it from a local business is one such decision. A very good argument can be made for renting, not owning, the tools you use for your work.

The right tool at the right time makes the job go faster. Having on hand drills or tractors that are new and have the latest features means fewer hassles, less break down, and smoother, faster production. Tools and devices will eventually wear down and break, but you do not have to be the one holding the purse when the time comes to replace an important piece of the puzzle.

All of these reason point to rental rather than ownership. When you rent, you get top of the line tools. You always have the latest and best of each tool. You save time, energy, and money by using the best tool for the job every time.

Instead of having to replace broken tools yourself when they inevitably break, you just pick up the phone and call the rental company. Companies have guarantees that require them to quickly replace your drill when it breaks down. Your brand new backhoe is quickly on the job when the old one breaks, instead of you having to go through the hassle and expense of replacing it yourself.

One other huge consideration is where to store your tractors. Finding a location that is secure where you can keep your tools and implements when not using them for work sites can be frustrating. Tools are stolen or vandalized while in storage sites every day, and increasingly so. These issues are all avoided if you rent instead of owning.

The situation is similar to renting your place of residence rather than buying a home. When your roof springs a leak or your dishwasher breaks down, you have to replace it yourself if you own your residence. However, if you rent your house or apartment you can just call the landlord and they come and take care of the hassle and expense of the repair. There are plenty of concerns in managing a work site. Dealing with construction equipment should not be one of them.




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