Why Renting Heavy Equipment Is a Good Idea

With so many equipment renting advantages, it’s easy to understand why this option is so popular for landscaping and construction companies. From significant cost savings to enhanced capabilities, renting machines for each job enables your company to impress clients and stay within your budget. 

Why Rent Heavy Equipment?

While purchasing is a quick way to grow your fleet, renting is often more advantageous for multiple reasons.

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Opportunity to Try the Latest Models

Heavy equipment requires a significant upfront investment — especially if you buy a brand-new machine with all the latest features. Renting lets you use the latest models for your project needs without sacrificing elsewhere. It’s also a chance to test-drive different machines before making significant buying decisions. 

You can rent a machine for several projects to determine if it’s a good fit for your fleet, or continue renting and gain access to even better models as they become available. Renting is the best way to keep up with the industry’s rapid advancements and capabilities.

Cost-Effectiveness

Renting is an affordable way to meet your project needs. Consider the following benefits of renting equipment to decrease overhead costs.

• Avoiding significant investments: While purchasing may seem wise, heavy machinery depreciates quickly due to wear and tear on demanding projects. Instead of purchasing a machine and only using it a few times, you can pay a much smaller rental fee and return the equipment when you aren’t using it. 
• Minimizing storage and transportation expenses: Storing your equipment can be pricey. The more pieces you rent, the less storage space you need, and the more money you can save. A rental company can move the equipment to and from job sites for you, cutting transportation costs.
• Reducing maintenance: Rental companies handle routine inspections and repairs, so you are only responsible for maintenance if you damage a rented machine.
• Deducting taxes: During tax season, you can include each rental fee in your company’s deductions to reduce the taxes you must pay on your overall income. While you can claim depreciation on owned equipment, rental fee deductions typically result in higher tax savings.

Broader Capabilities

Rental equipment allows you to complete quality work and expand your services because it provides more options. You may need different machines, sizes, attachments and features to complete tasks and projects on various sites. A rental equipment company can help you choose the perfect fit for each job so you no longer have to force one machine to meet multiple purposes or project needs.

Renting is also an opportunity to offer more diverse services for your clients. For example, if you usually provide small-scale construction using an excavator, rent a bulldozer to perform extensive demolition and construction. Similarly, you can rent an asphalt roller if a client needs paved driveways or a mini excavator if a job site has tight spaces. Renting is an excellent way to meet specific needs without putting a dent in your budget.

Enhanced Reputation

People are more likely to hire construction companies they trust. Improve your company’s reputation by using the latest equipment and expanding your capabilities to meet client needs. Since renting gives you access to high-quality, specialized machinery, it makes it easier to do the following:

• Complete outstanding work and stay on schedule
• Impress your clients
• Build trust
• Add to your portfolio of happy customers
• Boost your brand recognition

When Should You Rent Heavy Equipment?

While purchasing is sometimes the wisest option, knowing when to rent can reduce costs, boost your capabilities and expand your services. You should rent heavy equipment when one of the following five factors apply.

1. Temporary Need

How long and often you need a piece of equipment can help you determine if renting is the best option. Renting is typically ideal if you plan to use a machine for six or fewer months. Renting a machine for a short period gives you a higher return on investment than purchasing, increasing your profits on each project.

2. Budget Requirements

Another excellent time to prioritize renting is when you need to make significant budget cuts or adjustments. Renting can help you meet project requirements without going over budget on large purchases, which is especially beneficial if you run a startup company and need to keep costs low until you become profitable.

3. Decision-Making

Renting is also the way to go if you plan to expand your fleet and need help choosing the correct machine. You can rent several models and put them through their paces over a series of projects to determine which one best fits your company. 

4. Special Projects

A unique project or task that’s different from your regular services usually requires specialized equipment. Before turning down a client’s special request, rent equipment and impress them with above-and-beyond service.

5. Unexpected Work Site Hurdles

Unanticipated challenges can arise on any work site. Rental equipment can help you overcome these obstacles, whether you discover tree stumps you must remove, denser soil you need to break up or uneven surfaces to compact. 

How to Rent Equipment Efficiently

Optimizing your rental strategy is the most effective way to boost efficiency and save money. Consider the following tips to maximize your equipment.

• Determine the rental duration: Renting a piece of equipment for only as long as you need it is essential for increasing your ROI. While there’s no way to foresee potential project delays, you can use past project completion times to estimate how long you should rent a piece of equipment.
• Align your rental and project task schedules: Before renting equipment, communicate with your team to ensure your rental dates match your project and task schedules. 
• Follow safety regulations: Read each rented machine’s user’s manual and follow federal guidelines for using and handling equipment safely.

Rent Heavy Equipment From Blanchard Machinery

Renting equipment is an excellent way to complete quality work and meet specific client needs while saving money. It’s an opportunity to use the latest models and technology, try machines before purchasing them or expand your services and increase revenue. 

Blanchard Machinery offers a wide selection of rental equipment to help you handle your priority jobs. Browse our rental inventory or contact us to learn more about how we can help you find the perfect rental for your next assignment.