If you are like most business owners in the Chicago area, you’re probably discovering that renting construction equipment is much simpler and cheaper than purchasing it. This is because you don’t have to worry about many of the things that go along with construction equipment ownership. For instance, you won’t have the responsibility of maintaining a large piece of equipment.
Also, you don’t have to worry about storing rental equipment in different places and moving it around to different construction sites. Most importantly, you won’t waste money buying construction equipment that remains idle for a large portion of the year. Opting to rent construction equipment allows you to get your money’s worth at all times, but without the hassle.
Just rent the equipment, use it for the agreed upon time and return it in good condition. If it breaks down, you are not responsible for repairing it. Return it to the dealer and get a replacement delivered to the site at no cost. However, just make sure that you understand the terms of the rental agreement before signing it.
Basically, renting construction equipment is not as cumbersome as buying it. However, there are some things that you should take into account first:
- Have a general idea of what you are looking for. Yes, most equipment rental stores have professionals on staff that can help you to find the right equipment, but knowing what you want and need can simplify the rental search. Also, this makes you a knowledgeable business owner who relies on the expertise of others, but gets the job done without getting scammed.
- Understand the rental store’s services and rental policies. There is more to renting construction equipment than knowing how it will affect your bottom line. For instance, is there someone at the store that can show you how to operate the equipment? Will there always be someone at the store that can help you if the equipment malfunctions? What is the rental period, and how much is charged for late returns? Does this store have cheaper rental equipment than the others? Rent construction equipment from a store that fits in with your way of doing business, your time schedule and your budget.
- Understand that renting is based upon time and money. Rental companies charge based upon time increments such as by the hour, day, week or month. Your rental period starts from the time that the equipment is picked up or delivered. It really does not make sense to have it delivered to a job site if it isn’t going to be used the minute that it is delivered. Plan accordingly and don’t waste your time or money. Make sure that the equipment is used during the entire rental period if you want the rental expense to be cost effective.