4 Reasons You Should Consider Heavy Equipment Rental

26 July 2019 by Marvin Carroll

Do you own or work for a company that utilizes heavy equipment? If so, you are familiar with the fact that it is expensive to outright purchase this equipment. Businesses can benefit from renting heavy equipment in both the short- and long-term, allowing companies to save money and headaches. Here are just a few of the benefits that companies can reap when the rent heavy equipment.

Avoid Major Delays Due to Equipment Repairs

When you rent a piece of heavy machinery and it breaks down, you can expect the rental company to take care of the repairs quickly to ensure that they don't lose your business. In many cases, they may actually let you use another machine if they have on on-hand. By choosing to rent instead of buy, you can rest easy knowing that your work can move forward without significant delays. With your own equipment, you may be sidelined for a few days—or longer—waiting for your equipment to be repaired.

Access the Latest Technology

Working with a heavy machinery rental company means that you will have the latest and great machines at your disposal since they make sure to keep their equipment up-to-date to keep their customers happy. Unfortunately, if you own equipment, you often aren't able to do this because of financial reasons, which can negatively impact the quality and efficiency of your work.

Avoid Storage Expenses

When you own your own equipment, you have to locate a space large enough and secure enough to store it. When you choose to rent your equipment, though, you are only in possession of the equipment when you are using it. Therefore, you don't have to worry about locating a rental space or forking out the costs to rent that space.

Get a Business Expense Deduction

While you can still get a business expense deduction when you own equipment, you also have to take into consideration depreciation costs. However, if you rent the equipment, you are able to write off the entire cost of the rental as a business expense come tax time—and you don't have to worry about depreciation, which can get pretty tricky sometimes.

There are numerous benefits to renting heavy equipment as opposed to buying it outright, but in the end, the choice is yours. If you are interested in renting, though, get in touch with heavy equipment rental services in your area to find out more.

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