10 Good Reasons to Think Rental:
Storage:
Rental equipment eliminates the need for additional equipment storage; thus reducing your overhead business costs.
Minimum Inventory:
Ownership can be very expensive when equipment is idle. Combining ownership of basic equipment with rental equipment as needed will minimize idle time.
Right Equipment for the Right Job:
Eliminate the hidden costs of inefficiency due to using the wrong size or type of equipment. Renting equipment ensures that you have the right equipment for the job.
Maintenance:
Rented equipment eliminates maintenance concerns, repair space and time, spare parts inventories, mechanic costs and added payroll.
Breakdowns:
All equipment is subject to occasional breakdowns. However, when rented equipment breaks down, idle time is minimized by replacement equipment from rental company and repair costs are eliminated.
Equipment Obsolescence:
Ownership of equipment includes increasing downtime, slower completion, and rising wage costs due to owning worn, obsolete models, when new better and faster models are available from a rental company.
Disposal Costs:
Preparing used, obsolete equipment for resale, and related advertising and selling costs, are issues that are eliminated by the use of rental equipment.
Cost Control:
Knowing the true costs of owned equipment is difficult. Rented equipment offers you just one cost figure—the rental invoice.
Conservation of Capital:
Renting equipment frees your capital for other, potentially more profitable uses.
Increase in Borrowing Capital:
Farmers and contractors who rent instead of purchase, find borrowing easier with a better ratio of assets and liabilities, since rented equipment does not appear as a liability on the balance sheet.