The benefits of renting

Why renting is the right choice?

Did you know…
Business to Business Renting: A Strong Force in our Economy 

Renting is for short-term use of equipment. Short-term can mean less than a day, or for as long as you need it to be. The important thing is that you can return the rented item and pay only for the time you had the equipment. Your cost and liability begin and end with the rental period, which you control. Renting generally does not include a guaranteed period of time and it almost always includes maintenance.

Why should you rent rather than purchase or lease? 
The primary reasons for renting are short-term use and seasonal or peak-period use.

When you need expensive equipment for a few hours, a day, a week or even a month, it’s generally less expensive to rent it rather than buy it. There are many short-term needs for equipment such as moving, remodeling or renovating, breakdowns or repairs, emergencies or when you accept an unusual job.

Seasonal or Peak-Period
Many businesses have a period of unusually high activity in their operations. The post office, for example, rents additional trucks during the Christmas season. A seasonal or peak period can last for several months. The decision to rent or buy is not always as clear cut in this case as it is for short-term rentals. Base your decision on what is more profitable. You must analyze all the costs that factor into the decision to rent or buy.

The Advantages of Renting
-Maintenance costs - a rental contract generally covers full maintenance of equipment therefore there is no maintenance costs.
-Missed opportunities and down time - when rental equipment breaks down the rental centre replaces it fast so you won’t loose time and money while equipment is being repaired.
-Warehousing or storage - return idle equipment to the rental centre rather than using space to store it.
-Tax and license costs – personal property tax and license costs don’t apply to rental equipment.
-Logistic problems – because rental centres offer similar equipment and service from coast to coast, you are likely to find specific rental items no matter where you accept a job.
-Hidden costs – cost control is easy with rental equipment. When equipment is returned undamaged, the amount shown on the rental invoice is the only accountable figure that you pay.
-Botched jobs – because more people will make do with what’s on hand to get a job done, often equipment is used improperly, causing property damage and personal injury. Renting the right equipment will get it done safely and correctly.
-Equipment obsolescence – rental centres update inventory each year, providing state-of-the-art equipment for their customers.
-Capital investment – rentals free your capital for more profitable uses then being tied up in costly equipment