Here are 12 sound reasons why YOU should rent your equipment . . .
- Maintenance. Equipment rented on a day-to-day basis includes full maintenance. The user of such equipment needs no repair shop, no space, no spare parts supply, no mechanics, and no parts supply inventory or maintenance records for it.
- Breakdown. Virtually all equipment is subject to occasional break down in use. When rented equipment breaks down it is immediately replaced by our own company at no cost to the user. Time losses on breakdown of owned equipment as well as the cost of repairs themselves must be considered.
- Warehousing. Warehousing facilities are seldom needed for rental equipment. Some contractors operate successful construction businesses with little overhead other than cost of telephone answering service by having equipment rental yards service as their warehouse.
- Cost Control. Cost control is possible with rental equipment. Knowing the true costs of equipment owned is difficult. Rental equipment offers its user just one accountable cost figure - that shown on the rental invoice.
- Inventory Control. Contractors in particular often find that they have less inventory loss due to pilferage when equipment is rented rather than owned. Although at first glance, this may seem strange, there is a logical reason for it. The presence of continuous billing on a rented item tends to establish accountability for that item. The contractor who owns a great deal of miscellaneous equipment has a difficult time establishing personal responsibility for any of it. Tools signed for at an equipment rental yard - tools which must ultimately be rented - seem somehow to be watched with sharper eyes.
- Disposal Costs. It costs money to sell any type of used or obsolete equipment. Preparing the equipment for resale, advertising and selling time are cost factors of ownership that do not occur in renting.
- Obsolescence. Faster and better equipment is constantly appearing, as manufacturers battle for a market keenly aware of rising wage costs. Ownership involves the risk of being handicapped with equipment that is slow and unwieldy compared with new models. On the other hand, RentAll keeps available the latest types of models of equipment.
- Correct Equipment for the Job. Ownership often forces another kind of inefficiency through use of the wrong size or type of equipment for a given job, even though the equipment is not obsolete. This can also mean additional, though hidden costs. RentAll’s equipment ensures the correct equipment for the job.
- Minimum Equipment for the Job. Equipment ownership becomes particularly onerous when such equipment must lie idle, as owned equipment often does from time to time. When ownership, say of basic equipment only is combined with rental as needed, idle time of equipment is minimized.
- Personal Property Taxes and Licenses. There are no personal property taxes or license costs for the user of rented equipment. On owned equipment these are substantial costs, which must be added to the cost of owning rather than renting.
- Conservation of Capital. Renting frees capital for other, potentially more profitable uses than that of being tied up in equipment.
- Increased Borrowing Capacity. The equipment user who rents rather than buys generally finds borrowing easier because he has a better ratio of assets to liabilities, as the equipment does not appear as a liability on his balance sheet. This means that his normal line of bank credit is not disturbed. Contractors have found this most important in securing the bonds necessary for construction work.
*Subject to availability and rate change.