The question many businesses ask themselves: Do I rent or buy equipment? Determining which is right for you or your company can be complicated. Learn about the benefits of rental equipment here, and see if it’s the right fit for you. 

1. Project Needs

No two projects are alike, which often means your equipment needs will vary too. Adapting to different job requirements can be challenging, but rental equipment offers a flexible and practical solution. Think about it—have you ever run into situations like these?

• Not sure if a specific make or model is the right fit for a project? 

  • Renting lets you try before you commit.

• An unexpected breakdown puts your equipment out of commission.

  • A rental unit is a quick, reliable replacement.

• Moving equipment between sites is a logistical nightmare.

  • Rentals with delivery options save you time, hassle, and transportation costs.

Whatever the challenge, renting can help you stay on track and focus on getting the job done.

2. Protect cash flow or save money on repairs

While rental can be costly if you frequently pay for most of your equipment, it might be more financially beneficial for some. With rentals, you pay only when you need it, avoiding the significant upfront costs and ongoing expenses of ownership, like maintenance. 

One vital consideration is that rental equipment is considered an operational cost, whereas owned equipment is considered a depreciable asset. Both types of equipment are eligible for business tax deductions, however, tax codes like Section 179 may influence whether renting or owning is the better option for your business, as they don’t apply to rental equipment. 

Carefully weighing these factors can help you make the most cost-effective decision, and should be something you discuss with your accounting professional.

3. Want to try before you buy  

There are times when testing equipment before committing to a purchase makes all the difference—and that’s where renting stands out. Perhaps one of these situations applies to you:

• You’re a loyalist to one manufacturer, but curious about a new product series. 

  • Rentals allow you to test out the latest features and technology without the commitment to it.

• You’re considering replacing your equipment and want to explore switching to a different brand. 

  • Rental equipment allows you to build trust and loyalty with new brands because it can be hard to switch. 

• You’re looking to expand your fleet and add more to your arsenal. 

  • If you aren’t quite sure how new equipment will fit into the usage alongside your current lineup, test it out before making a permanent addition.

Whatever your motivation is, renting allows you to try before you buy, giving you peace of mind and helping you avoid the risk of a significant upfront investment.

4. Fleet Management / Inventory Control

Is your lot already at full capacity? There’s no need to overcrowd your inventory. Keep your fleet organized and focused on the essentials. Own the equipment you use most often, and rent the rest to save space and simplify operations. Renting less frequently used equipment reduces clutter and eliminates the hassle of managing unnecessary assets.

5. Usage Frequency 

Time and duration are crucial factors when deciding whether to rent or buy equipment. Consider these scenarios:

• Will your equipment sit idle for extended periods? 

  • Renting allows you to pay only for what you use, avoiding the costs of ownership while your equipment gathers dust.

• Do you need high-cost equipment for a short-term project? 

  • Renting ensures you spend less overall by getting the right tool for the job, precisely when you need it.

• Are you unsure if the equipment will meet your needs? 

  • Rentals give you the opportunity to test equipment on-site, ensuring it performs as expected before committing to a purchase.

Renting offers flexibility and efficiency, making it a smart choice for many businesses.

From tractors to forklifts to attachments, we’ve got you covered! Check out what you can rent here. If you have something in mind, let us know. Reach out using this form, and we can help you get exactly what your business is looking for.

Quality is who we are. Equipment is what we do.