Renting Or Buying Construction Equipment - What’s More Economical?
So, what is more economical? Buying or renting equipment for construction, maintenance and repair. A decision like this is to be considered carefully while also keeping the bottom line in mind, the company’s finances. One of the most challenging and expensive decisions that every contractor and construction company must make is whether to rent or buy construction equipment. Construction today is so competitive that even the slightest increase in cost can knock one off of the top bidder spot. The final decision will depend on how frequently and how the company can prorate some of these costs, but sometimes construction tools and equipment are bought and rented. So here is a listing of some benefits of buying construction equipment or renting them: Here's a list of benefits to think about while buying construction equipment: ● A general rule of thumb is to buy a tool or equipment that is used more than 65% of the time. ● Heavy construction equipment is a good investm