[BLOG]Hire or Buy: Why hiring outweighs buying equipment

If you have numerous construction or at home projects ahead, you may be questioning whether or not its worth hiring or buying equipment to support your requirements. Although, purchasing a piece of equipment may sound like a good alternative. You should be asking yourself if your machine will be used to its fullest potential for the costs of buying it outright.

For that reason, there are many factors that should be taken into consideration when deciding whether to hire or buy your construction equipment, allow us to share how hiring clearly outweighs buying:

Affordability:

Hiring equipment allows you to avoid investing a substantial amount of capital into a piece or pieces of equipment that will not reach its full value in the long run. Hiring allows for you to pay-as-you-go and for only what you need it, which can very safe and cost-effective in the long run. You can also hire more than one piece of equipment at the time, which would be cheaper that spending money on a variety of different machines.

Flexibility:

Hire companies enable you to further achieve flexibility not available elsewhere, with a variety of different sizes, and models available, you can easily have a pick of the buddle, whenever needed. However, this might not be the case when purchasing machinery solely on your own.

Technology & Features:

With technology that evolves and updates all the time, committing to one machine can be a big mistake. Once you have purchased a machine, you cannot go back. There is a big chance a new, updated model with be released shortly after the purchase.

With hire companies constantly adjusting to meet customer expectations, the newest, updated machines are always readily available to support your needs.

Your Construction Requirements/Usage:

The construction or labour requirements of your project will ideally influence the types of equipment you’ll need and if you should hire or purchase the equipment.

Hiring equipment for you needs could easily be a better option. For example, construction building sites use mini cranes for an array of different tasks, but the costs to purchase, store and transport these machines can easily become too expensive for a project that will only take 6-12 months. Hiring in this instance would easily benefit the site, tradesman, and business.

Are you looking to hire:

Mini Cranes | Hydraulic Crawler Cranes | Mobile Cranes | Retractable Loading Platforms | Excavators| Spider Lifts

Preston Hire have a range of diverse cranes, retractable loading platforms, excavators, glass lifting rigs and additional available, specialised equipment readily available for your construction needs. If you have any questions about our equipment or finance options available, call us today on 1800 440 550 or visit our website at www.prestonhire.com.au