Over the years there
has been rapid growth in the equipment rental industry. increasing more
companies are preferring to hire equipment than to purchase them outright.,
this has led to a boom in the rental industry and even some major players who
were at first only focused on selling equipment are also now into renting out.
If you ask most companies that are in the renting industry why they chose to go
into renting, the answers may be slightly different but the bottom line will be
because there is business and the likelihood of making profits seems promising.
For a business that
does out heavy equipment rentals like Drum
Handling Equipment, there is a lot of business available for them. Many
companies are now looking on focusing on their core competencies and
outsourcing certain parts of their businesses to third parties. Others may not
complete outsource but will want to reduce the cost of out rightly owning a Liftomatic
equipment. That is why those that are in the equipment rental business are
making it big. There are many reasons why a company may prefer to rent
equipment instead of to buy.
They
want to focus on the core of the business
A company’s core
business may have nothing directly to do with the equipment that they are
hiring. Instead of buying equipment that may only get used once in a while, it
may be better to hire the equipment like Drum
Handler and use for the time that you need it. It will not only fee up time
for you to focus on your core business, it will help avoid unnecessary
maintenance cost.
They
lack the needed skills in house
If your business is not really focused on
working with such equipment that you are hiring, it may be hard to get people
in house who can operate the machine. When you lack the necessary manpower to
use equipment such as Forklift Drum
Handler, it may be counterproductive to buy the machine and keep just for
the prestige of owning such equipment.
It
may be needed for a project
Projects come and go
and there may never be any two similar projects. A motivation for renting
equipment same as Dock Leveller
instead of buying it could be that the type of work you do is project work that
may be there today and gone tomorrow. If you work on projects, it may be hard
to convince your management to buy equipment that only gets used once a year.
If you will search online then you will find there are many Dock Leveler Manufacturers available.
It is up to you like which one you choose.
No
maintenance
The cost of buying
equipment is more than the price that you paid for the Kelley Dock Leveler. There is total life cycle cost that
includes things like maintenance and repairs done on the equipment. Sometimes
businesses may look at the total lifecycle cost of owning a machine and kick
against the idea based on the cost involved.