Project leaders don’t need assumptions, myths, or suppositions when hundreds of thousands of dollars are on the line. It’s difficult to tell the truth from the misconceptions about renting heavy equipment if you don’t do your homework. These suggestions will make your job easier while also saving you money — frequently a lot of money.
- You’re on your own after it’s leased.
Many firms are hesitant to rent equipment because they are afraid of the unknown. It doesn’t imply you can’t rent something if your employees have never used it before! If you run into trouble on the job, several dealerships have factory-trained service specialists on hand to help you out 24 hours a day, seven days a week. We want you to feel at ease when using our equipment, thus we provide a variety of services to help you do so!
- Rental companies will not assist you in operating the equipment.
You may rent with total confidence from a renowned Equipment Rental Company. Stop by before you rent to make absolutely sure it’s the proper model for the job. We can also arrange for operator training, type of product so that they are familiar with the equipment.
- When renting equipment, there are no tax advantages.
You can deduct rental payments from your business income tax right now. When purchasing construction equipment, the cost is spread out over a number of years. Tax restrictions limit how much you can deduct each year until the equipment’s full worth and expenses are recorded, or until you sell it. The associated rental charges are also tax-deductible. The distinction is that you can deduct rental expenses as well as any costs associated with reserving heavy equipment, delivering it, and ensuring it while it is in your control. Each of these costs can be written off as a business expense in the year in which they were incurred. Equipment Rental’s rental professionals can provide you with a general overview of the process, but you should discuss the specifics with your accountant.
- Rental equipment is old and in poor condition.
Many people have terrible stories about rented equipment that is outdated and dilapidated. Our rental equipment is professionally maintained and is frequently a much newer model than most people anticipate. This equipment has fewer hours on it than many other used components for sale, making it an obvious choice for your large and little jobs.
- Renting Isn’t a Good Investment
Another prevalent misconception is that renting equipment is prohibitively expensive for small firms or those on limited budgets. Many people may make the comparison between a recurring rental charge and a one-time upfront payment when acquiring equipment.
For businesses of all sizes, renting equipment can be a great solution.
For some firms, purchasing equipment is the ideal option, but for others, renting equipment can be a very cost-effective, high-quality, and long-term alternative.
Your initial outlay will be less: Purchasing equipment is a large upfront expenditure for many small or new enterprises, and it may hinder them from getting started. When you rent equipment, you can pick what fits your budget best and utilise it until your job or project is completed.