Equipment rental in Tennessee can save your business some serious money! Top-of-the-line products are available with many options from which to choose. At Coleman Tractor Company in Nashville and Clarksville, Tennessee, we can supply your business with an auger, excavator, backhoe, skid steer, trencher, and the list goes on. As you’ll see below, rental equipment can save your business money as well as time and headaches! With no storage or depreciation issues, no initial cost or maintenance, you may find equipment rental in Tennessee fits you just right!
CALL TODAY: Coleman Tractor Company
In Clarksville, TN at: (931) 552-2880
550 Alfred Thun Road, Clarksville, TN 37040
In Nashville, TN at: (615) 227-8291
1402 Dickerson Pike, Nashville, TN 37207
Benefits during a changing economy with equipment rental in Tennessee
Because construction companies operate in an extremely unpredictable market environment, they sometimes need to be creative. There is a growing need to find ways of saving money where possible when the economy is changing. One of these ways is to rent construction equipment instead of buying new equipment. In most cases, rental construction equipment is a viable option. Furthermore, it allows a company the ability to minimize operation costs, thereby running a more financially stable business.
Potential cost reduction may depend on the company’s future prospects as well as current financial situation. Renting construction equipment comes with several benefits to get the job done worth considering. Here are a few advantages of equipment rental vs purchase:
- No Upfront Cost
- Equipment Storage
- No Depreciation of Equipment
- Repair and Maintenance Costs
Cost of Equipment Storage
Storage space and warehouse costs are extremely high which will also result in additional costs. Therefore, leasing construction equipment solves equipment storage problems. Since improper storage of equipment means greater depreciation at a faster rate, proper storage is a must. However, companies may negotiate with their suppliers or vendors regarding the duration of the rental hence the inconvenience of long-term storage ends.
Initial Cost Eliminated
Brand new construction equipment is a huge investment that impacts heavily on a company’s budget. Besides being a long term investment that will tie you down to specific equipment items, purchasing new construction equipment includes upfront costs. As a result, leasing or renting equipment allows a business to eliminate this problem. Renting helps businesses be able to allocate their financial resources to other areas.
Less Repair and Maintenance Costs
Even though rental construction equipment still needs some repair and maintenance, it is less than owning. Obviously, having your own equipment means that the costs of repair and maintenance are quite high. However, renting equipment significantly lowers these costs. Vehicles and construction machinery require regular maintenance for them to operate safely and optimally. Additionally, leasing lowers the labor costs with repairs and maintenance of construction equipment. This allows businesses to focus more on the business rather than planning for long-term maintenance measures.
Zero Depreciation Expenses
Ownership of construction equipment requires the businesses to depreciation costs since the value of the equipment continues to depreciate with time. Therefore, recovering the cost of the initial investment becomes difficult but renting equipment helps companies to avoid depreciation issues.
Some examples of construction equipment available for renting include the following:
- Track loaders
- Backhoe loaders