It’s quite likely that you often find yourself working on projects that require the same equipment and machinery time after time, and you might be thinking that to invest in purchasing your own plant machinery for a project would be a big financial decision. Sure, purchasing heavy machinery and equipment is a large upfront cost, but it is also a huge investment. Then again, on the flipside, it is also an extra responsibility and in the long term, a larger ongoing cost for things like maintenance and servicing. So could hiring potentially be a better option for your business and your back pocket?
With the current economic situation, the main thing on everyone’s mind is keeping costs and expenses down. But when it comes to needing equipment to keep your project running, it’s worth waying up the pros and cons for each of the options, so you can make an informed decision for your projects.
So, why purchase?
Understandably, If you require plant equipment on a regular basis, it may seem like the obvious choice to invest in your own equipment so that you can use it whenever and wherever you need to. Long-term hire can appear as an extra expense to your project, but after considering both the cost saving benefits and conveniences of hiring your machinery and equipment, the majority of the time you’ll find hiring often provides much greater value than purchasing outright. Let’s take a look at the details:
Equipment hire pros:
- No need to source long-term storage space to house your equipment
- Cheaper upfront costs
- Encourages a steady cash flow and relieves business capital
- You can hire what you want, when you’d like it, for as long as you need it
- Maintenance & Servicing: All taken care of by the hire company. If your vehicle gets damaged or breaks down on the job, your plant provider should replace it for you, meaning no unwanted delays to your project
There is no right or wrong way to run a business, and many companies are proud fleet owners. The Royal Mail for instance own one of the most impressive in the UK; The Red Fleet consists of a whopping 45,200 vans and trailers and counting!
Once you have decided what option is best for you and your project, we’re here to take the hard work out of finding the best service, product and price in the sector. With years of experience in supplying the construction and related industries with a full range of services, we’re your one-stop-shop for all things plant hire.
Get in touch to see how we can support you and your project. Give us a ring on 0330 1185030 or email firstname.lastname@example.org or take a look at our range of plant hire machinery.