Why You Need To Rent Rather Than Buy Tools and Equipment
Tools are there to help us with the work we have on our hands. With the correct tools in hand, you can get a lot more done in a shorter time while maintaining levels of safety. There are many different tools for many various jobs. Getting the right tool for the job is critical to your success. Their upfront cost is usually quite high when it comes to tools, especially for the more specialized ones. You also find that companies or individuals in need of some of these tools only need it for just a few jobs, and thus, purchasing the tool is not a financially responsible thing to do. As such, tool rental near me does a lot of good whenever you are in need, and that is who we are at Rent A Tool NY.
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Tool Renting vs. owning
Deciding on whether to purchase some tools or to rent them is a complicated choice at times. That’s usually because you think that choosing one over the other might prove disastrous for your project. This decision as such should be carefully analyzed, and the following factors are given due consideration;
- How much you’ll pay for the tools for the duration you need them.
- The approximate cost of the new tool
- How frequently you use the tool
- The transportation and storage expenses of the equipment, if applicable.
- Estimate the cost of maintenance over its life
- Available capital and financing
Experts recommend making the shift from rental to purchase when you are confident that the tool will be needed at least 60-70% of the total time. Many types of individuals and businesses can benefit from tool rentals. These include;
Benefits of Hiring Tool Rental Near Me Services
Tools and equipment sometimes require a sizable investment upfront to cater to its purchase. Some equipment such as telehandlers, excavators, tracked dozers, among others, is expensive. That means the company has to expand its budget while tying itself down to that tool. Not having huge amounts of money tied up in a tool is a plus for anyone.
Cut down on maintenance fees.
For most tools and equipment to continue working right, they need to be maintained regularly. In some of the more complex machinery, you might even need the services of a specialist to perform the maintenance, which also costs money. With tool rentals, you don’t need to concern yourself with any of the upkeep details. You pick up the tool, use it, and return it.
If you buy a certain tool, you tie yourself to it for a time. Since tools get better every year, you will have to settle for the tool you purchased when you need the tool for a job. When you are renting the tools, you have the flexibility to choose which tools will best serve you rather than having to settle on something. As a result, you can take advantage of new technologies while minimizing operating expenses.
Sharpen your advantage
Many businesses attribute dominance by big companies to them having the newest, nicest tools and machines. Since big companies can shoulder larger equipment, their smaller competitors lag using an older technology. That means the smaller companies lose business to their larger counterparts. With tool and equipment rentals, you can have the best tools in the market without having to shoulder the costs associated with purchasing and maintaining the tools.
No depreciation costs
In the case of tools and equipment, the depreciation cost is real. When you own tools, you incur those costs yourself. You will need a large investment to maintain the tools so that you can resell them well later. As the tool’s value continues to plummet, you might have a challenge selling the equipment for a decent sum. It, therefore, makes more sense to rent equipment rather than purchase.
Finding a tool rental near me has never been easier. At Rent A Tool NY, we take immense pride in providing our clients with the best tools and equipment for any job they might have in mind. We have a whole team of specially trained technicians who care for our machines so that we can hand them to you in the best condition.
Even more, we offer deliveries to your construction site. Whether you are looking for a daily power tool rental, weekly or monthly tool rental, we have it all at affordable rates. Call us today or visit one of our offices spread across NYC to receive a quote.
Call us today on our service line at 718-395-539 or visit our offices at 765 E New York Ave. Brooklyn NY 11203. We will be more than glad to help you complete your construction project efficiently.
Besides that, do you have any questions or requests? Don’t hesitate to contact us.