Regardless of whether you’re interested in heavy equipment leasing or owning, be sure to consider all factors to make an informed decision on what best meets your company’s needs.
When debating whether to rent or buy heavy equipment, several factors should be considered. First, consider the frequency of use and the cost of ownership, including maintenance, storage, and potential resale value. Second, consider the financial implications, including upfront costs, ongoing expenses, and potential tax benefits. Finally, consider the flexibility of rental options and the accessibility to specialized equipment. Weighing these factors will help determine the most cost-effective and practical solution for your business needs.
Take a look at some of the pros and cons of owning compared to heavy equipment rentals to see what you need to get the job done right, and on time.
Whether you’re in construction, mining, agriculture, or another heavy equipment-dependent industry, you need reliable machinery to get the job done. When it comes to acquiring new or used equipment, start by considering the frequency of equipment usage and the advantages and disadvantages of ownership.
Owning a piece of equipment provides the convenience of having it on hand whenever you need it, but it comes with many considerations, such as maintenance, storage, and potential resale value.
Renting tools and equipment has its own benefits. Although renting is typically more expensive than a loan payment, the convenience and advantages of renting are numerous. If your business doesn’t need certain equipment frequently, lacks proper storage space, or needs to maintain efficiency during peak seasons, equipment rental may be the right choice for you.
Additionally, ASCO offers flexible rental equipment options with daily, weekly, and monthly payments and affordable rates. Our equipment rental benefits can put your business in a strong position in your industry!
We give you more options. Because we have a large inventory of new, pre-owned, and rental equipment in our 27 locations, we can give you options to try before you buy. Our extensive parts inventory and experienced technical staff means we’ll be here to support you long after the deal is done.