There are many reasons to pursue equipment rental in the construction industry. Even so, many companies still hesitate to do so because of the myths surrounding renting equipment. RDO Equipment Co. debunks these myths and shares the top three reasons to rent equipment.
The first reason is that renting equipment can be cost-effective, especially if you set up an RPO, Rental Purchase Option. This allows you to reduce the risk by trying out the equipment and getting a large portion of the rent applied to the cost of the equipment if you decide to purchase the equipment in the end.
The second reason is that equipment rental is a way to get access to high-value equipment at lower costs. Some renters believe that equipment that’s available for rent is only available for rent because it’s damaged or low quality. However, this is often not the case, especially with a reputable company.
The third reason is that rental equipment can also have the latest technology available. Just as with high-value equipment at lower costs, the current valuable technology is available at lower costs with rental equipment.
As hinted at in each of the reasons above, many of the reasons for equipment rental directly debunk the myths that have been holding companies back.