How Heavy Equipment Rentals Can Save You Money On Your Next Project

Whether you need to replace your existing fleet, expand your company's capabilities or complete specialized projects, consider whether you should buy or rent heavy equipment. Construction teams and subcontractors can evaluate a few factors to determine the best strategy for their financial situation and business plans. Learn how renting can help you save money and maximize your profits over time.

How Renting Offers Cost-Effective Equipment Solutions

Many rental companies offer technical support, training programs and maintenance services to help you optimize your heavy equipment use. While you partner with a rental team, you can leverage their industry knowledge to make informed decisions. Explore these factors to learn how renting equipment can save your construction business money and help you overcome industry challenges. 

1. Depreciating Assets vs Losses

Renting equipment eliminates the need for upfront purchases, allowing you to save your working capital for material costs and operational expenses. While you continue to work on revenue-generating projects, your business can avoid debt and depreciating losses. 

2. Fulfill Short-Term Needs

Short-term equipment rentals can provide a cost-effective solution whenever you need to fill a gap in your fleet or tackle a new type of project. Renting allows you to save while competitively bidding on diverse jobs.

3. Gain Access to the Latest Technology

Discover opportunities to stay competitive and enhance your performance with the latest technology. Renting gives your crew the opportunity to "try before you buy” newer equipment models and upgraded software that improve your team's safety, productivity and efficiency.

4. Reduce Long-Term Storage Requirements

Returning bulky, irregularly shaped or oversized items to your dealer at the end of a rental term can free up valuable space. Optimize your construction equipment rental savings by eliminating the need to invest in long-term storage solutions. 

5. Lower Maintenance Costs

Construction equipment checkups, servicing and repairs can quickly add up in costs. Working with a rental partner that completes routine maintenance and updates can help you maintain your operations at peak performance and minimize downtime. 

Leasing Equipment vs. Buying

If you've evaluated your rental options and want to explore other opportunities, consider leasing or buying. Leasing requires less initial capital than buying, which can preserve your cash flow. The lease payments are often lower than loan payments for purchases, providing more financial flexibility. 

In some cases, buying heavy equipment can offer a more economical option for frequent and long-term use. Construction businesses can take advantage of potential tax deductions for savings. Owning the asset provides complete control over customization and modification options. 

Lower Your Project Budget With Heavy Equipment Rentals

Need rentals while your fleet undergoes maintenance? Or want to reduce your expenses for projects that require unique applications? Achieve your goals with Empire. We're a reliable rental provider of Cat^® heavy equipment and products from other leading manufacturers. 

We're located throughout Arizona, Nevada and Eastern California. Find the closest location near you to speak with experts and receive guidance on choosing the right rental equipment for your unique application. You can request rentals for a day, a week or an entire year. 

Sumnit a form to request rental pricing information today.