Minimise Idle Time
Ownership can be very expensive when equipment is idle. Combining ownership of basic equipment with rental equipment as needed will minimise idle time.
Right Equipment for the Right Job
Eliminate the hidden costs of inefficiency due to use of wrong size or type of equipment and the maintenance and repair incurred.
Use of rental equipment eliminates the need for large storage area/buildings; thus, overhead in your costs of doing business is reduced.
Virtually all equipment is subject to occasional breakdowns. However, when rented equipment breaks down, idle time is minimized by replacement equipment from the rental company and repair costs are eliminated.
Rented equipment includes full maintenance, no repair shop, no spare parts inventory, no mechanics, and no added payroll.
Ownership of equipment involves the risk of rising wage costs and slower job completion time due to owning worn, obsolete models. New, better, faster models of equipment are available from Rent-A-Maker.
Preparing used, obsolete equipment for re-sale, advertising, and selling time are factors of ownership that do not occur in renting.
Knowing the true costs of owned equipment is difficult. Rented equipment offers you just one accountable cost figure, the rental invoice cost.
Conservation of Capital
Renting equipment frees your capital for other potentially more profitable uses.
Increase in Borrowing Capital
For those who rent instead of purchase find borrowing easier with a better ratio of assets and liabilities since equipment does not appear as a liability on the balance sheet.