22 Aug The Pros Of Purchasing Lifting Equipment Rather Than Hiring It
Lifting equipment is a necessity in industries that require moving heavy loads vertically or horizontally. It’s common to see it in warehouses or logistics companies, but there are also other uses for it. As a business owner who needs one, you may be questioning if you should hire one or if you should seek out lifting equipment for sale.
Although the main benefit of hiring equipment is that it’s cheaper than purchasing, in the long-term, a business that regularly uses lifting equipment will find more value in investing in one rather than renting it. However, there are many other advantages to your business when it comes to investing in equipment.
1) You Avoid Costly Short-Term Rentals
The initial investment of purchasing a machine can seem daunting to a manager, but it may be a sound business decision for an enterprise that requires frequent use of such equipment. If you add up the hiring fees every time you procured hired machinery, you’ll soon see that making a purchase is a better financial decision.
2) You Avoid Unexpected Costs
When hiring machinery, there may be other associated costs you’ll need to consider as well. This can include transportation costs, a refundable deposit and possibly an insurance fee. If you hire equipment, you may be required to transport it at your own expense, and if you don’t have the right type of vehicle to do so, that will require more money.
3) Gives You A Competitive Edge
If you own your equipment, you won’t be reliant on another business to perform optimally. Hiring equipment means that you have to adhere to the timeframes of the service provider you rented from. If your service provider can only provide you with lifting equipment in two weeks, it will have a significant impact on your business operations and ultimately affect your customers. However, if you purchase your equipment, you can work according to your schedule – which will give you control of your business.
Although purchasing your equipment, does require maintenance to be performed at regular intervals, it’s still your equipment, and you’ll be saving money and time by avoiding the hassle of paying for damages and losing refundable deposits. It can also streamline your operations, allow you to work quickly and to use the money allocated for hiring on other business commitments.
For more information on purchasing lifting equip,ment for your business, contact Sterling Access today.