Equipment rental is a widespread activity in various industries, especially in the area of construction. We also have businesses and individuals that rely on rented equipment to get their projects done. One can rent equipment for long term or short term use depending on the project duration. However, some terms and conditions apply, including the rental period. We have firms such as RentEquip that offer friendly equipment hire services. They have helped many businesses and individuals to carry out their projects successfully.
Equipment rental comes in handy for those individuals or businesses that are not ready to buy equipment for a long time. They, therefore, rely on rental equipment to get things done. If you have been looking for a place where you can learn more about equipment renting, you’ve come to the right place. Read on to learn more about equipment hire.
What Is Equipment Rental?
Equipment rental is a service industry that offers all types and sizes of equipment machinery and tools for a limited period to those who wish to use them. Most of these users include industry, construction contractors, and individual consumers. Equipment hire may also contain electronic equipment such as projectors, cameras, speakers, among others.
What Are Some Of The Popular Rental Equipment?
Although there are many types of equipment for hire, the following are typical types of machines hired by contractors, businesses, or individuals.
- Single Axle Dump – This equipment has an automatic transmission, and you can operate it without a CDL, which makes it user-friendly.
- Tiller – This equipment works well in gardens, and you can hire it to clean up your yard.
- Closed Cab Skid Steer Loader – With this build-in heat and AC unit, you can adjust depending on the climate. You are also free to request the right piece whether you want a smooth or toothed bucket you can get that will work well on the job ahead.
- Lift pods – They come in a variety. We have lightweight as well as easy to use. You can easily transport them from the back of the pickup.
- Straight Mast And Warehouse-style Forklifts – The equipment comes in various types. We have those powered by gas, electric, diesel, and propane.
- Telehandler Forklift – They are of different sizes. We have small and also huge forklifts with outriggers.
What Are The Benefits Of Equipment Renting?
Below are some of the benefits that come with equipment renting over owning one:
1. There Are No Repair Costs.
Those contractors that rely on rented equipment save themselves the cost or repair and maintenance. That is because the owner of the machine is responsible for ensuring that it is well maintained and in good working condition before renting it out.
2. It Reduces Disposal Costs.
Reduced disposal cost is another long-term benefit when it comes to the rental of heavy equipment. Owning equipment requires a steadfast plan to be able to retain the value overtime of the asset. That is not the case with the renting of equipment. Contractors or individuals who rent the machine have no business when it comes to resale and disposal. So, this makes rental the better option for those that want to avoid this. Equipment renting eliminates the responsibility that comes with the resale of equipment.
3. Offers Flexibility To Support Your Project Demand
Not all projects will use the same equipment. Every job has its unique requirements, and it is the reason why finding a way of getting tools for each project is essential. Since purchasing equipment for each project is not practical, renting becomes the better option. With the rental, it is easy to access any material that will meet your project’s needs.
4. No Need To Worry About Storage
When you are running a construction business, it is hard to avoid construction costs. The storage costs will quickly add up, especially if you own more equipment and tools. It means that you will need more warehouse space, which translates to more expenses. However, hiring saves you from such costs.
5. Getting The Right Equipment For The Job Is Guaranteed.
Being forced to use the wrong equipment can strain the project you are working on. A small piece of equipment means double work, while too much machinery for a minor work may put workers at unnecessary risks. When it comes to hiring, you can choose the right equipment for your project, which makes you work comfortably.
While there is an option of owning equipment, it comes with many costs. These are costs you can easily avoid if you opted to use the rented equipment. Renting will also ensure cash flow for your business.