With companies in all industries wanting a competitive edge, everyone is looking over their budgets and balance sheets to find an advantage – when doing this, equipment hire in Cairns can make a world of difference to your expenses in comparison to buying and owning the machine.
We’ve put together five key advantages of equipment hire for you to take a look at before making a decision to rent or buy your machinery.
Give up the upfront investment
Large equipment like a tracked dozer is, of course, very expensive. The capital costs might benefit you for a couple of years, but, in the end, your money is used up until you decide to sell it.
At that point, buyers may give lower offers than you’d anticipated and hoped for. By not using your money in capital equipment fees, you’ll have extra cash to use for other parts of your business.
Reduce long-term expenses
In most cases, businesses have maintenance teams that help service all machines to ensure they’re working safely and properly. Mechanics must also check hydraulics and fluids to ensure the machines are fault-free.
All of this, as well as repairing leaks and paying for replacement parts can become very expensive. Except for rental fees, you don’t have to worry about maintenance and servicing the hired equipment, which saves you a lot of costs long-term.
Avoid transport and storage costs
To be able to purchase a new piece of equipment, you need storage space. No one wants their pricey, new equipment lying around outside.
For this reason, you need to invest in a ventilated storage space, which of course takes up both land space and has extra storage costs.
In addition to this, renting equipment can save you the hassle of moving equipment from one site to the next. The equipment hire service will do all the heavy lifting for you – picking up and delivering it wherever you need.
Get the latest and best equipment models
One of the best things about equipment hire services is that they have equipment that uses up-to-date technology.
Not only will this help increase the efficiency of your business, but will allow certain specialised jobs to be done extremely well.
So, instead of working with outdated equipment, your employees will be working more efficiently and completing a higher number of jobs.
Access to flexible options
With adaptable options due to growing demand and increased regulations, the more functions one single machine can perform.
So, if you rent one piece of equipment, you won’t have to spend more by renting 4-6 different machines.
For example, one machine with accessories that reach, dig, and lift would definitely be a justified expense than a machine that only does one of these jobs.