Are you a contractor looking to rent construction equipment? Maybe you were just offered a dream job, but you can only take it if you have the right equipment. Contacting a construction equipment rental company may need to be your next move. Below are a few things you should know if you need to rent equipment for construction:
1. The Industry – In 2015, the global construction industry was estimated to be around $150 billion dollars and employ more than 7 million men and women. As you can see, that’s a lot of construction. Much of that construction is done with rented equipment. If you are a contractor wanting to grow your business, but not in a financial place to purchase new equipment then consider renting!
2. Equipment Categories – So what sort of machinery do construction equipment rental companies typically offer? The answer really depends on which company you choose to contact. Earthmoving equipment and aerial Lifts are popular in the rental market, as well as telescopic handlers, or telehandlers, which are typically used in agriculture.
3. Major Benefits of Renting – Ask any contract that routinely rents his or her equipment and you will probably hear a laundry list of benefits. One of those benefits is the fact that renting equipment requires no maintenence from you or your team members. If a part breaks or doesn’t work correctly you’ll just need to make a phone call to get a mechanic to come fix it. Renting construction equipment also allows you to avoid no storage costs which can really add up due to the amount of space you need. Maybe the most popular benefit from renting equipment is that it is tax deductible as a business expense.
If you are a contractor currently weighing the options of purchasing or renting construction equipment think about what you now know about the industry, the equipment available, and the benefits. If you purchase equipment it depreciates immediately, but by renting you won’t even have to worry with that. Choose the safe route and rent the construction equipment for your next project. You’ll be glad you did!
