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Differences Between Renting & Buying Construction Equipment

So you’re about to start a new construction project and you’re definitely going to need some equipment. Depending on what the project is, the equipment you need may be very specific or more general use. Either way, the choice is yours to rent the construction equipment or invest in owning the equipment long term. There are quite a few factors to consider, including your situation and the nature of the project, so let’s dive in.

 

Saving Money with Renting Equipment

Renting your equipment rather than buying it upfront is a great way to save money on the project right away. Construction equipment can be quite expensive, especially if you have a wide range of tools you need to get the job done. Renting helps you cut down on the costs while getting everything you need. If you’re on a tight budget this will help prevent you from cutting costs on other expenses like materials. 

 

Saving Time with Rental Equipment

Even for those of us that are home improvement junkies and love to get things done around the house, some equipment is simply too specific for the job, and you aren’t likely to use it more than once after the initial purchase. While it might be a different case if you are purchasing for commercial purposes, for the most part renting is a great option when you need a specific piece of equipment for a more uncommon job.

 

Equipment Storage Benefits

Unfortunately, most of us aren’t suffering from an overabundance of cost efficient storage space. If you live in or around a city then you know that every square foot counts. While it can sometimes be really nice to own your own equipment, having the space to safely store that equipment can be a completely different story. Renting is a really great option when this is the case because the equipment is there when you need it, and gone when you don’t.

 

Equipment Safety Benefits

One of the other great benefits of renting equipment is that each time a tool is checked in or out, it is completely checked over for flaws, damage, or anything that could impact the safety of the equipment user. If you aren’t an equipment expert, you might not know what to look for in terms of signs of damage, but our experts work with this equipment all the time and we can easily make any repairs so that the equipment is ready for action every time.

 

Maintenance Difference Between Buying & Renting Equipment

In addition to upfront expenses when it comes to buying equipment, maintaining the equipment over time can also be costly. Power tools and construction equipment are made to withstand a lot of wear and tear, but that also means that they can have a shorter than average lifespan. If you’re spending a lot of money on repairs, it could be much more cost effective to rent.

 

Contact Tri-Rent-All

We are here for all your equipment rental needs. Tri-Rent-All provides a wide selection of Compactors, Generators, Drills and much more! Give us a call at (603) 926-2211 or contact us here.

 

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