When you’ve successfully negotiated for a new project, you may need additional plant and this is often the time when you need to choose between renting and purchasing equipment. If you need boom or scissor lifts in Adelaide, it may seem like an easy choice and purchasing equipment must be better than hiring. However, in most cases, the exact opposite is true, hiring is almost always a smarter choice than buying, and we will demonstrate why that’s the case here.
There is no getting around it, Adelaide scissor lifts and other reach equipment is extremely expensive. New equipment will depreciate quickly, and this will make it harder to recoup your money when it comes time to sell the machine. Buying a machine can take a huge chunk out of your budget for the year, and can your business really afford to take a hit like that at the beginning of a new job? On the other hand, hiring equipment is relatively cheap, and you can get your machines delivered directly to your site on a day and time of your choosing. If you ask around, you may be able to get generous monthly rates for multiple machines on an ongoing contract. The dramatic difference in the cost of hiring and the price of renting makes hiring equipment a fantastic option for smaller businesses operating on a tighter budget. This will help to improve cash flow and allow that business to invest their money in more critical areas.
Technology moves along at a rapid pace, and this is equally applicable to a scissor or boom lift. If you purchase your machine, it will quickly become outdated, and you may not have access to features that will become available in the future. Typical advances would make your machines safer, more user friendly, environmentally friendly, and more efficient to use. When you rent machines, you get access to the latest equipment all the time, and all you need to do is make sure that your operators are ready to use it safely.
Reduce Ongoing Costs
When you rent your scissor and boom lifts, you can reduce your ongoing maintenance and repair costs. When you own your equipment, you must keep them maintained for safety and to protect your significant investment. It will also be necessary to pay for any repairs, and you may need to hire replacement equipment anyway as vital cover while you’re down a machine. When you rent your equipment, these costs are reduced, or they may even disappear entirely. Depending on the contract, you may need to pay for maintenance during a longer term rental period, but in most cases, this would be the hire company’s responsibility. If you’re not at fault, you may not even have to pay for any repairs and most hire companies will offer replacement machines to ensure that you’re covered.
When you hire equipment, your business will be better able to adapt to different types of jobs with ease. You can get the exact machine that you need without the costs of storing equipment that you may not even use on a regular basis. If business is brisk, you can hire more machines, and if you’re going through a quiet period, you can hire less. This is a great way to stay in control of your equipment needs for any job that you can imagine.
If you’re looking for a scissor lift hire in Adelaide, contact us at Access Hire today.