If you own your own business then it’s important that you try to create some kind of edge between you and the competition. It’s important to keep an eye on how much money you are spending and how much money is coming into your business. If you are a contractor here in Australia then you need to really consider the cost of renting or leasing the heavy plant and machinery that you need for your contracts.
For this article, we will encourage you to take advantage of excavator hire on the Sunshine Coast and not only are excavators available but loaders, trucks, lifts and anything else that you need are available to you as well and all under the same roof. It’s important that you can make a more informed decision when it comes to buying your plant or renting it and so the following are some of the benefits of hiring rather than renting.
- Not tying up money – When you purchase a piece of heavy plant or machinery then the money that you spend on it can be considerable and so if it isn’t paying for itself every single day and working hard then it is costing you money just to sit there. It is depreciating in value all the time and so this is why it makes more sense to rent the excavator that you need and you don’t suffer from such things.
- No maintenance costs for you – Owning your own piece of plant means that it has to be serviced and maintained on a regular basis so that it doesn’t let you down on the site. You’re going to have to pay a full-time mechanic to keep your machinery in tip-top condition but you can avoid this cost by just hiring the equipment and letting them take care of any maintenance that should be carried out.
- No storage & transport costs – For an excavator, it needs to be stored out of the sun and rain and you will also need a suitable vehicle to transport it to where it needs to be. Both of these costs can be avoided when you hire what you need and they will take care of storage and transport.
These three reasons should explain why it makes more sense to hire the plant that you need rather than purchasing it outright.
