Top Benefits of Renting Heavy Construction Equipment

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Whether your business is in construction, agriculture, forestry, or another industry, your advantage over the competition lies in the equipment you use. Machinery such as loaders, excavators, skid steers, trucks, and lift generators are essential to many businesses, and no one can afford to have equipment that is too large or small for their intended job.

At Hydraulic Magnet, we understand that you need the right equipment to complete jobs. Instead of buying machinery you can only use for one job or purchasing the wrong products, you can benefit from our equipment rentals. When you rent with us, you will enjoy a variety of advantages, such as:

COST SAVINGS

Equipment purchases and rentals offer two different experiences. When you buy machinery, you have to budget for general expenses, such as the equipment’s cost, and potential future fees, like repairs and maintenance. Renting your equipment allows you to enjoy greater control over your project costs because your quote from the rental company will stay the same, making it easier to create a budget.

By renting equipment, you avoid the risk of surprise expenses. Unlike the costs that come with purchasing equipment, rental equipment rates are more precise. Your main costs will be the rental fees and any fuel you may buy. While you may have costs like insurance and deposits, most dealers will factor these prices into your final rental fee. You also won’t have to worry about paying for repairing or maintaining the equipment you are renting.

An equipment rental is ideal if you only need a specific machine for one job or sporadic use. Instead of investing hundreds of thousands of dollars into a piece of equipment you might only need some of the time, you can rent machinery as needed. This flexibility is a great help for companies that are on a limited budget or are not interested in investing in an entire fleet.

You will not have to worry about disposal and resale costs when you rent your equipment, either. Buying your equipment requires your company to create a dedicated plan for maintaining the value of the equipment over time to ensure you can sell it for a decent price in the future. Then, when you decide to sell your machinery, you must try to time the resale to gain the highest return. When you rent, you can avoid this process, in addition to:

• The risk of experiencing a downturned economy and a lower market value when reselling your equipment.
• Equipment broker costs to facilitate resale.
• The time and money required to market your resale.
• Preventive maintenance costs to maintain the value of your equipment.

REDUCED MAINTENANCE AND REPAIR COSTS

When you own equipment, it is best to schedule regular maintenance so that your fleet continues to operate safely and efficiently. If your equipment requires more severe repairs, you will need to have a technician repair them as soon as possible.

These necessary procedures can cost your company both time and money. Regular maintenance can become expensive, especially if you own many pieces of equipment. Repairs can also result in downtime while you are waiting for the repairs to be complete.

By renting, you will not need to pay for repairs and maintenance. Some of the additional costs you can avoid by renting your equipment include:

• Scheduling and coordinating ongoing preventive maintenance.
• Managing equipment records such as hours of operation, wear and tear, and replacements for parts.
• Funding unexpected equipment breakdowns.
• Paying technician labor costs.
• Sourcing and buying machine parts and ensuring your inventory is well stocked.
• Buying tools and equipment to perform maintenance and other repairs.
• Leasing or buying workshop space to perform repairs.

When you rent your equipment, all maintenance and repair concerns are the rental company’s responsibility. Also, since the rental company will ensure all equipment undergoes regular maintenance and general upkeep, you can feel confident the machinery you use will be safe and efficient.

ACCESS TO THE LATEST EQUIPMENT

Like many other technologies, construction machinery has greatly improved over the last decade. If your company is not using the latest machinery, you are placing yourself at a disadvantage. However, it would be expensive and inconvenient to continuously buy and sell equipment as new options come out.

Instead of buying new equipment each time it becomes available, you can rent what you need to take advantage of newer models at a lower price. Additionally, renting equipment allows your employees to use the latest, most efficient tools, which can help them increase their productivity during daily operations.

FLEXIBILITY

If you often work at many locations or job sites at a time, it may be unrealistic to share one piece of equipment. Every job has special requirements, and having the right equipment for the project scale or scope details is a benefit for any company. Renting helps you access the tools you need for each job, even when your team is working on several jobs at once.

In addition, as your company completes a job, you may experience unexpected hurdles, even if you enter the job prepared. Emergencies such as machinery failure and unforeseen work can cause project costs to rise and delay your project’s completion. A machinery rental is a great way to help you stay on track with projects and ensure you always have solutions available.

EXPERT ADVICE AND SUPPORT

Your equipment comes with expert advice and support each time you rent. From overseeing the initial selection to figuring out the best way to transport the machinery you are renting to your job site, the dealer will be at your side to offer personalized assistance. With their help, you can confidently make decisions, such as determining the best type of equipment for your specific job.

Another benefit of renting equipment is that you would not be responsible for finding the issues and dealing with repairs if the equipment were to need any servicing during use or if they were to break down. All you would need to do is call the dealer, who would handle any issues and ensure your equipment continued operating safely.

NO NEED FOR STORAGE

Buying equipment comes with storage and transportation fees, as well. These costs can become especially high if you need to store large pieces of equipment over a long period. The cost of storage can also increase if your company owns a larger fleet.

By renting equipment, you can keep your overhead costs low by reducing the need for storage space. When you rent, all you need to do is return the equipment to the dealer once you complete your project. You do not need to make additional space for the machinery at your warehouse or facility, and you do not have to worry about security or maintaining them in your warehouse for future use.

FEWER CAPITAL INVESTMENTS

If you’ve ever considered buying new equipment, you may already know how high the costs are. Often, companies will need to save their money for months or years before making a purchase. As businesses save for this purchase, they may restrict their cash flow, which can impact daily operations.

Instead of risking taking on debt to purchase a new piece of machinery, you can rent to maintain your cash flow and make major purchases without needing to take on a loan. Whether your company is smaller or only needs certain pieces of equipment for a few jobs, renting is often a safer and more affordable option.

FIND QUALITY RENTAL EQUIPMENT AT THE CAT® RENTAL STORE

An equipment rental is an excellent option for businesses that need high-quality machinery but have a limited budget. As you look for equipment rental options, consider choosing a company that offers the rental flexibility you need and the opportunity to test each piece of machinery to ensure it is the best fit for your business.

At Louisiana Cat, we want what’s best for you, and we work hard to offer the highest quality rental equipment across our service area. Our rental process offers various benefits, such as daily, weekly and monthly rental options, expert equipment maintenance, and helpful customer service.

When you rent with us, you can also speak with one of our experts before, during and after the rental process. Our team has years of experience, and we will take the time to understand you and your job site before making any recommendations. We invite you to browse our inventory, request a quote or complete our online contact form to learn more.