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Benefits of Renting

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WHO RENTS AND WHY?

Equipment rental appeals to many industries because of its many benefits and advantages.

In addition, competition among rental providers can work to the consumer’s advantage with prices, specials and service.

Industries that rent

  • Oil & Gas
  • Construction
  • Marine
  • Agriculture
  • Automotive
  • Mining
  • Earth moving
  • Government
  • Landscape
  • Logging
  • Military/Defence
  • Plumbing
  • Recycling
  • Retail
  • Trucking
  • Waste

Reasons

Project Control

  • Makes the project schedule easier to manage with on-demand resources – Helps meet deadline crunches
  • Reduced after-Job disposal
  • No obsolete equipment
  • Accurate cost control – saving money in many cases

Productivity on the Job

  • Right tool for the job – provides speciality performance
  • Well maintained and ready to use
  • No break down problems

Inventory Management

  • Minimal equipment required
  • Increases overall capability when and where needed
  • No storage costs
  • Reduced maintenance expense – by eliminating responsibility of testing, maintenance, service

Corporate Benefits

  • Reduced assets tax
  • Increased borrowing capacity

Conservation of capital

BENEFITS OF RENTING

“Not only is it easier to let the professionals at a rental company handle some of the logistics for you, but also it frees up your valuable time and saves money in many cases.”

Plants, Machinery, Tool & Equipment and uninterruptible Power Supplies are essential to any business, and, and regardless of size, purpose and structure no company or business can afford to have equipment ill- matched for the task or sit idle and unused. Worse still, continuous exposure to the elements (blazing sun, driving rain or blustery wind) and a poorly ventilated storage space will degrade machine quality. An idle equipment is a loss – monetize them via rentals

Renting offers the greatest flexibility in terms of Project Control, Productivity on the Job, Inventory Management and Corporate Benefits. Things such as fluid checks, service, maintenance, hours count, schedules, testing, parts and depreciation becomes someone else’s responsibility. Not only is it easier to let the professionals at a rental company handle some of the logistics for you, but also it frees up your valuable time and saves money in many cases.

… 8 of the immediate benefits to you

1. Forgo the Upfront Investment

Not having a large chunk of money tied up in a piece of capital equipment frees up funds for you to pursue opportunity and maintain other important parts of the business.

2. Maintain Strong Borrowing Power

Banks do not see rental expenses as a liability on the balance sheet, so the option to rent equipment maintains stronger borrowing power for a business.

3. Save at Tax Time

While many circumstances apply to an individual business’ tax return, rental expenses are a deductible expense. In some cases, they’re viewed as project expenses or might have some type of tax-deduction benefit available because of the nature of certain kinds of business.

4. Avoid Storage, Transport Costs

Equipment rental eliminates the need for long-term storage and can save you from the worry over logistics in transporting equipment from site to site, since you can simply have the rental equipment delivered and picked up when needed. It can help you respond faster to varied needs in different locations.

5. Sharpen Your Competitive Edge

Many businesses bemoan the fact that it’s hard to compete against the big companies that have the nicest, newest, best machines while they, in comparison, make it work with older ones. Equipment rental can shift that age-old characteristic so that small competitors can procure the same type of equipment for jobs, if that’s what will win the work. Renting gives you access to a diverse, efficient and compliant fleet of machines, just like the bigger companies.

6. Eliminate Coordination Headaches

Rental provides a win-win cycle for business because experts maintain and service the equipment, so it is less likely to malfunction or break down. If something does go awry, the customer can call those same experts to figure out what’s wrong. Renting equipment can alleviate you of the concern and organization required to accomplish proper training, maintenance, service and scheduling of the machine: one benefit many business owners or fleet managers would agree is created through renting.

7. Gain Flexible Options

Several factors demand flexibility in today’s business market, chief among them being a major recession, razor-thin profit margins, increasing regulations, market volatility, growing demand for specialized capabilities and the general quest to deliver quality service, great products and efficiency.

Renting equipment enables companies to respond to specialty niches, financial fluctuations and the ebbs and flows of demand.

8. Convenience

When you rent, things such as fluid checks, service, maintenance, hours count, schedules, testing, parts and depreciation becomes someone else’s responsibility. Not only is it easier to let the professionals at a rental company handle some of the logistics for you, but also it frees up your valuable time and saves money in many cases.