For most contractors/builders, acquiring the needed construction equipment is often the biggest challenge of any project especially considering today's economic difficulties; it's rare indeed to hear a client saying: "money is no object". This means they are always on the lookout for more practical ways to gather the equipment they need. Among these practical solutions is to choose rental equipment services which allows contractors to rent anything from earthmoving machinery to submersible pumps and industrial generators for days, weeks or months - depending on their needs.
And there are a lot of rental companies these days you can work with so availability is not going to be much of a concern. However, there are others that are not really very enamored with the idea of renting equipment. If so, then when is it a bad idea to rent construction equipment and when should you consider this option?
One of the great things about renting construction equipment is you only need pay for the length of time the equipment will stay on your building site. Meaning, you can get the equipment you need without going over what you are allowed to spend. Additionally, you need not worry about arranging for the equipment to be transported to and from your construction site since the rental companies will have this covered.
There are also flexible rental terms which allows you to pay for generator rental on a daily, weekly or monthly basis. Renting on the other hand, becomes quite impractical when you need a dump truck or even a submersible pump for more than three months or so, Meaning, you have to identify the equipment you need and most importantly, the length of time you are going to need the equipment for.
Never rent anything that you will use more than sixty percent of the time; this is the general rule of thumb on construction equipment rentals. Renting anything beyond that sixty percent threshold, you might as well have bought the equipment in the first place for the amount of rental fees you would end up paying. If you need construction equipment on a long term basis, it is advisable to look at their site so you can check out leasing or lease to own options that are available.
It is also advisable to discuss budget limits with the dealers you plan doing business with so they can help you come up with rental solutions that fit your budget and needs. You can also carefully compare at least two dealers with each other to be certain you are getting the best deals they can offer.
And there are a lot of rental companies these days you can work with so availability is not going to be much of a concern. However, there are others that are not really very enamored with the idea of renting equipment. If so, then when is it a bad idea to rent construction equipment and when should you consider this option?
One of the great things about renting construction equipment is you only need pay for the length of time the equipment will stay on your building site. Meaning, you can get the equipment you need without going over what you are allowed to spend. Additionally, you need not worry about arranging for the equipment to be transported to and from your construction site since the rental companies will have this covered.
There are also flexible rental terms which allows you to pay for generator rental on a daily, weekly or monthly basis. Renting on the other hand, becomes quite impractical when you need a dump truck or even a submersible pump for more than three months or so, Meaning, you have to identify the equipment you need and most importantly, the length of time you are going to need the equipment for.
Never rent anything that you will use more than sixty percent of the time; this is the general rule of thumb on construction equipment rentals. Renting anything beyond that sixty percent threshold, you might as well have bought the equipment in the first place for the amount of rental fees you would end up paying. If you need construction equipment on a long term basis, it is advisable to look at their site so you can check out leasing or lease to own options that are available.
It is also advisable to discuss budget limits with the dealers you plan doing business with so they can help you come up with rental solutions that fit your budget and needs. You can also carefully compare at least two dealers with each other to be certain you are getting the best deals they can offer.
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If you want to know more about rental equipment then visit https://www.hertzequip.com for more details.
