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Construction and Excavation Equipment
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provide you this information so that you may
make a better buying decision. Construction equipment - rent or buy?
Excavation and construction companies run into the problem of not having enough equipment on a job site often. Sometimes they underestimate the job in the preliminary planning and are left with the issue of being short on equipment when time is crunching. They have two options to remedy the situation: either rent the machinery equipment or outright purchase the needed equipment. Of course, it is not simple to make this type of decision, and therefore, there are several factors that should be considered before the decision is finalized.
How Pricey are Rentals? Most rental companies do not hide the fact that they do make a lot of money from companies that need to rent equipment. Face it, they know you are probably in a bind and are willing to pay the cost they offer. The rental companies generally rent the equipment on a daily basis or weekly basis, which does not usually work out to benefit the customer. Depending on the area you will be working, the price can range from pretty steep to nice and affordable. Then the price will also vary due to the type of equipment you need to rent. Generally, machinery like excavators and off-road dump trucks are probably the highest priced for renting, and can have a rental price tag of as much as $12,000 per month. This may seem pretty steep, but if your company is a profitable one that has lots of big and good paying projects lined up, the price does not become an issue.
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