Should I Rent or Buy Heavy Equipment?

You need heavy equipment for your next project. But should you buy or rent the rig? Both approaches come with key advantages and the right option for your company depends on several factors, such as your budget and long-term project needs. We've created the following guide to help you determine which approach better suits your company. If you have any questions or want to explore heavy equipment for sale or for rental, visit Bobcat Central. Our dealership is located in Northern California and Reno, Nevada. We also proudly serve those in Stockton and Sacramento, California.

Why Rent Heavy Equipment?

1. You Want to Spend Less Money

Not every company has the financial resources to buy heavy equipment. Renting allows you to get the model you need, but with much less money upfront. Enjoy lower payments, which help save your company liquid capital.

2. You Want the Latest Features

When you rent heavy equipment, you can get access to models that are only a year or two old. These models can come with innovative and cutting-edge features, which help you do your job better. Enjoy increased fuel efficiency, extra safety features, increased output, and more.

3. You Want Fewer Administrative Tasks

Owning heavy equipment involves plenty of responsibilities, such as keeping up with maintenance and tag and license renewal. When you rent heavy equipment, your company's name is not on the title, registration, or property taxes. Focus your time on getting work done, not maintaining complex paperwork.

4. You Want to Test the Heavy Equipment Before Purchasing

Renting heavy equipment can be a good "test run" before making the large investment of purchasing. It lets you see whether you'll use the rig enough to merit buying. It'll also allow you to test out a given model to see how well it works for your company. You may rent a model and realize it doesn't suit your needs as well as you hoped. Or you may discover it fits your company perfectly. Renting heavy equipment can help you make a more informed purchasing decision.

Why Buy Heavy Equipment?

1. You Plan on Using the Heavy Equipment Often

The more often you'll use the heavy equipment, the more advantageous it is to purchase it. You'll save money in the long run purchasing heavy equipment rather than renting it over and over and over.

2. You Want Full Control of the Heavy Equipment

When you own heavy equipment, you aren't bound by leasing agreements. A small ding or scratch won't result in a fine from the rental agency. You won't be stuck trying to keep the model within a certain mileage limit. You aren't scrambling to get the job done in time to return the rental equipment. Owning heavy equipment allows you to use the rig however you want.

3. You Want Flexibility

If you rent heavy equipment, you are stuck using that model until the rental agreement ends. If you purchase heavy equipment, you can sell it anytime you like. Maybe you invest in a model that doesn't suit your company as well as you hoped. Simply sell that rig and find something that fits your needs better.

We hope you found this renting versus owning guide useful! If you want to explore heavy equipment for sale or for rental, head over to Bobcat Central. Our expert staff can help you find the right approach and model for your needs. We proudly serve those in Stockton and Sacramento, CA.