The Advantages And Disadvantages To Renting Contractor Equipment

Do you remember where you were the last time you saw something being built? If manufacturing and industrial applications are an exciting topic for you, then you should consider doing what you can to help identify and resolve industrial challenges. About a year ago, I began working hard to make things right by resolving industrial problems, and to my surprise, I was actually able to make a powerful difference. Within about three years, I had successfully campaigned for a few places to change their practices, and it really made things better. This blog is all about understanding industrial challenges and doing what you can to make things right.

The Advantages And Disadvantages To Renting Contractor Equipment

15 September 2017
 Categories: , Blog


If you need a piece of equipment to complete a job, you may find yourself debating between purchasing the contractor equipment or renting it. There are advantages and disadvantages to both, based on your budget and how often you will use the piece of equipment. Learning about these advantages and disadvantages will help you make a decision as to which is the better move for your contracting business. Here are a couple of those advantages and disadvantages:

The Disadvantages to Renting Contractor Equipment

  • What You Need May Not Be Available

The biggest disadvantage to relying on renting your contractor equipment is that the piece of equipment you need may not be available when you need it. If you are completing a construction job or a remodeling job, you need the equipment you need when you need it. Without the equipment, the job may come to a screeching halt and delay the entire project. Some companies will allow you to reserve equipment ahead of time, but in other cases, you may find out at the last minute that you can't get what you need right away. 

  • There Are Often Additional Fees

The other downside to renting contractor equipment is that you need to be careful when obtaining quotes. There are often additional fees that may not appear on the initial quote. This may include fees if you have the rental company drop off or pick up the equipment, environmental fees, taxes or even maintenance fees. Always ask what additional fees you may be subject to before deciding between renting and purchasing to ensure you are comparing the full rental cost to the full purchase price. 

The Advantages to Renting Contractor Equipment

  • Rental Fees May be Tax Deductible

A huge advantage to renting your contractor equipment is that the rental costs may be tax deductible. Always consult with a tax adviser to find out if the rental costs for the equipment you are considering renting are tax deductible based on the type of business you have. If they are, this can be a huge benefit. 

  • Renting Helps You Retain Cash

The other benefit to renting contractor equipment is that it helps you to retain some of your cash. If your business does not have a lot of money, buying a piece of equipment may empty your bank account or cause it to be too low for comfort. When you rent equipment, you get the equipment you need while helping you to retain cash that you may need to expand your business or pay for other expenses. 

Taking the time to price out rental equipment and learn the pros and cons will give you insight into which may be the better option for you and help you make an educated decision or renting or purchasing contractor equipment. 

Check out a website like http://www.allstarequipment.net for more information and assistance. 

About Me
Understanding Industrial Challenges

Do you remember where you were the last time you saw something being built? If manufacturing and industrial applications are an exciting topic for you, then you should consider doing what you can to help identify and resolve industrial challenges. About a year ago, I began working hard to make things right by resolving industrial problems, and to my surprise, I was actually able to make a powerful difference. Within about three years, I had successfully campaigned for a few places to change their practices, and it really made things better. This blog is all about understanding industrial challenges and doing what you can to make things right.

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