In the construction and renovations business, acquiring and maintaining the proper tools and equipment is a huge capital investment. Not only can the machinery be costly, it may not be used enough to justify purchasing it. Therefore, it often makes sense to rent tools and equipment, rather than buy them.
First of all, the initial purchase costs are avoided when one opts to rent. As well, depreciation in the machine’s value is not a factor. The responsibility of maintenance and repair also falls on the owner; whereas, in the case of a rental, the dealer takes care of upkeep.
On the other hand, there are times when specific equipment is used so frequently that it makes sense to own it, outright. Yet, going the rental route can also be helpful in that regard.
Troy Gray of Orangeville Equipment Rentals explains that a potential purchaser can rent machines from various manufacturers before arriving upon a final decision. “You want to make sure you’re comfortable with it and that it does the job you want it to,” says Troy. “It’s a lot like test driving a new car.”
Another thing that needs to be taken into consideration is the cost of storing equipment when it is not in use. Earth moving equipment, for example, might be used every day during the summer. During the winter months, however, there is little to no need for it, and the owner/operator still needs to pay for a place to keep it. Even though the machines may be utilized often enough to justify buying it, it can still make sense to continue renting and let the equipment rental dealer handle the storage.
There are occasions when specific equipment will be vital to a job, but it is unlikely that it would ever be used enough to warrant its purchase.
Aerial work platforms, or boom lifts, can be included in this category. Orangeville Equipment Rentals has been in business since 1985 and Troy has noticed that aerial booms are among the dealership’s most frequently rented pieces of equipment.
The fact that the company has been around for over three decades is another benefit to think about. You are not only renting equipment, you are also cashing in on the wealth of expertise at Orangeville Equipment Rentals.
Some clients – especially homeowners doing a project on their property – can be excused for not knowing the nuances of operating a particular machine. That’s when knowledgeable rental people like Troy step up to the plate.
“As a rental company, we will give them a course on how to operate the equipment,” says Troy. “We may be busy, but we will always have compassion for the customers. “There’s a lot of customer service involved in this business,” he says, adding that the company will always be available to provide it.
Finally, a reputable rental dealer will make sure its product is in tip-top shape. “Our equipment is all regularly serviced and looked after,” Troy points out. “We have a maintenance schedule for each machine.” Orangeville Equipment Rentals adheres to manufacturers’ recommendations when it comes to such things as lube, oil and filter changes. Should a problem arise on the work site, their technicians will travel there to rectify it.
While a business that owns its own equipment can boast a wealth of assets, there are times when renting is a practical avenue to explore.
Written By: Dan Pelton | Photography By: Cory Bruyea