Expert Tips on Equipment Rental Services—The Benefits of Renting Construction Equipment Instead of Buying

The success of a construction project is dependent on the right tools at the right time. Sounds like a hassle, doesn't it? It doesn’t have to be! In this post we’ll be walking you through the pros of renting construction equipment instead of buying it permanently.

Investing in quality equipment ensures the safety and efficiency of your projects and workforce. However, when it comes to considering weather to rent or buy equipment, people can become uncertain.

This decision is important because it has a direct impact on the budget, management, and construction plans of the project. Moreover, the decision also depends on the project’s scope and complexity.

Here, we will discuss why companies offering equipment services should opt for renting construction equipment, as opposed to buying;

Benefits of renting equipment vs. buying

• Cost Savings: By renting, you can save a substantial amount of money compared to buying. 
• (These include repairs and maintenance, storage costs, taxes, insurance premiums, and equipment depreciation. So when you rent, you can allocate funds to several other areas of your project instead.)
• Eliminating Unnecessary Costs & No Long-Term Losses: Renting cuts redundant purchases down, primarily because a company can choose what is required depending on individual projects. Buying construction equipment is more of  a challenge for any company offering equipment services, akin to a car rental or purchase.
• (For example, if a contractor is working in multiple locations or small spaces, he can easily rent a compact excavator instead of purchasing one and waiting for it to be useful.)
• (The value of said equipment reduces over time. We at PRLCo. know that renting will not result in any loss of value of the equipment because it is renting, not permanently buying. By renting construction equipment, you also get access to the latest technology. This results in less downtime and improved performance.)
• Flexibility & Efficiency: Companies offering equipment rental services understand that every project is unique and their equipment requirements are too, renting equipment gives you the flexibility and freedom to pick what you want and when you want it.
• (Rental terms are flexible whether the project is long or short term. You can meet the demands of the project without getting restricted by a permanent purchase.)
• Moreover, immediate replacement services are also provided by several rental services (Including us of course) in case of any breakdown. These give you a competitive edge in the job market.
• Reduced Storage Requirements: Storing equipment becomes a recurring problem if you bought a thousand dollar piece of technology that, after use, is just a hunk of metal getting sun damaged.
• Renting helps you free up valuable space on your job sites when it is not needed anymore.

At PRLCo., we understand the challenges of the construction industry and have been successfully providing top of the line equipment rental services for quite a long time! (Going on 51 years, in fact)

We help you stay at your peak efficiency by offering practical and cost-effective solutions.