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Heavy Machinery: Should You Rent or Buy?

Readings

Whether you are in the construction industry or not, you should think twice about buying equipment. That is because leasing them has more advantages than purchasing a backhoe, bulldozer, or concrete mixer.

Cost – Did you know that prices of heavy machinery are quite steep? You may need to take out a huge loan just to buy them. Renting, on the other hand, will usually save you a lot. And, you can easily return them once the project is finished.

Diverse Products – Partnering with a rental company, will give you access to a wide range of apparatuses, which you can hire on an as-needed basis. For instance, if you need a crane at the moment, you can lease it for a certain period and then have it replaced with something else once the work is done. What is more, lease firms would usually have state-of-the-art machines in order to accommodate the needs of clients, giving you access to such technologies as well.

Logistics – Plant hire also includes delivery and removal of the tools at the construction site. So if you need a drilling machine, it will be sent to you immediately.

Now, should you lease or buy heavy equipment?