Many small business owners struggle with determining whether they’ll want to purchase or rent the equipment they need. Although purchasing it will allow them to use it anytime they need it; there are many benefits that come with renting heavy machinery like excavators. Consider the following points before making any decision.
Income Versus Expenses
One of the main concerns of any business owner is the income versus expenses, especially when the business is still new. Purchasing heavy equipment is incredibly expensive and can be more than a business can afford in the beginning. They may prefer to purchase smaller equipment and use an Excavator Rental in Baltimore MD when needed so they can save money.
Cost of Servicing Equipment
Along with the income and expenses, the business owner will also need to consider any repairs that might be needed or maintenance that needs to be done to keep the equipment in top shape. When they rent the heavy duty equipment, general repairs and maintenance will be the responsibility of the equipment owner and not something they’ll need to worry about.
Storage of Large Equipment
An Excavator Rental in Baltimore MD makes a lot of sense for a business that doesn’t have a lot of rooms to store their equipment. They’ll only need to care for the machine during the time they rent it and it can be stored safely by the rental company rather than take up the room the business doesn’t have to spare.
Transporting the Equipment
Many times, the rental company will deliver the equipment to the location where it’s needed. This means the business owner doesn’t have to purchase, maintain and store a vehicle that can deliver the equipment for them. This can also save quite a bit of money in the long run.
These are just a few of the benefits of renting heavy equipment instead of purchasing it. A new business may want to rent equipment until they grow or they may consider renting for many years to save on some of the expenses associated with owning excavators and other types of heavy equipment. Contact Slaymaker Group today for any questions about renting equipment or to find out what kinds of equipment can be rented.
