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You need bulldozing, digging or lift equipment for upcoming jobs. Should you buy or rent?
Many construction contractors already see the value of renting versus buying equipment. Recent research by the American Rental Association (ARA) found that 57 percent of contractors prefer renting certain types of machines and tools rather than purchasing them.
For companies that have not considered the rental option, there are many compelling reasons to rent equipment. Here are 10:
When making the rent versus buy decision, contractors should consider the expected time utilization of the equipment. If it’s not something that will be used frequently or if it’s a specialty piece of equipment, then rental is the more cost-effective solution.
To help construction companies find equipment rental partners, ARA offers www.RentalHQ.com, an online rental store locator. Visitors can enter their ZIP code and the type of equipment required to obtain a list of local ARA-member rental companies that can assist with meeting their specific needs.