When you’ve got big landscaping projects on the go, it’s critical to have access to the right equipment for the job.
By partnering with Pantano Outdoor Supply, power equipment rental will be top-of-the-line equipment so you can get contracts done faster and smarter. When you rent from Pantano Outdoor Supply rental store, you’ll take advantage of many benefits of equipment rentals for improving your bottom line. Advantages like:
- No Repair Costs
- Reduce Your Disposal Costs
- Flexibility to Support Your Demand
- Minimize Your Equipment Fleet
- The Right Equipment for the Job
- No Need for Storage
- Control Project Costs
- Gain Access to the Latest Technology
- Improve Cash Flow
- Try Before You Buy
Why Consider Power Equipment Rental Instead of Buying?
The answer to the question, “Why rent construction equipment?” is an easy one — you save money, can access the newest technology and never need to worry about pesky upkeep issues. While buying machinery can make sense for larger companies that have the cash to spend, many small to medium-sized companies can reap various benefits from renting instead of buying. The following describes some of the main reasons companies rent:
1. No Repair Costs
Contractors who rely on dependable, well-serviced heavy equipment rentals don’t have to deal with the ongoing responsibility of repairs and maintenance that all heavy equipment requires to remain in top condition. Owning your own landscape equipment provides your business with a capital asset but has the added factor of repair and maintenance costs to extend the equipment’s life cycle. Landscapers who rent heavy equipment from trusted suppliers can be confident that their equipment is always dependable and operates at peak performance. This is because all repairs and servicing are done in-house by the supplier’s expert technicians.
When you choose to rent equipment, you’ll avoid costs in both time and money. For example, leasing or buying workshop space to conduct repairs and maintenance. Buying more tools and equipment to perform repairs and maintenance. Hiring technicians that can maintain equipment and covering technician labor costs. Sourcing and purchasing machine parts and stocking parts inventory. Funding emergency repairs from unexpected equipment breakdowns. Managing equipment records, including hours of operation, wear and tear and parts replacements for tax purposes. Scheduling and coordinating ongoing preventive maintenance.
In addition to the direct costs of repair and maintenance, nonproductive equipment time due to repair needs also costs contractors. Whenever construction equipment isn’t in use, it’s wasted time that erodes a project’s productivity and cuts into the contractor’s profitability. For contractors who rent their equipment, the risk of interruptions to production time because of equipment repair is virtually eliminated.
2. Reduce Your Disposal Costs
Another long-term benefit of heavy equipment rental is that contractors who rent their equipment have no concern over disposal and resale costs. Owning equipment requires a dedicated plan to retain the asset’s value over time. When it’s time to invest in new equipment or sell off existing equipment, equipment owners need to be sure they’ll get as much value as possible from their disposal.
Renting equipment eliminates the responsibility of preparing your machine for resale. Avoid preventive maintenance costs required to retain equipment value. Eliminate the need to market your equipment resale. Avoid equipment broker costs to help facilitate equipment resale. Prevent being subject to lower market-value when selling in a downturned economy. Renting equipment can help prevent the constraint of long-term commitments. By partnering with the right rental provider, you’ll be sure to always get well-maintained equipment even just for short-term use.
3. Flexibility to Support Your Demand
For many industries, balancing and managing multiple projects at once is a normal practice and sharing equipment between different locations isn’t feasible. When working on several short-term jobs at once, it’s more cost-effective, timely and practical to rent equipment versus sharing.
Experienced contractors know that no two jobs are equal. Each job has unique requirements, whether it’s in project scale or specific scope details. For this reason, having the flexibility to source the right equipment for a particular job whenever you need it is a tremendous asset.
Tough landscaping jobs can sometimes bring up unexpected hurdles, even for the most prepared contractor. Emergencies such as unforeseen work and re-work, equipment failures or canceled equipment operating contracts can delay project completion and cause project costs to rise.
4. Minimize Your Equipment Fleet
Contracting businesses naturally evolve. While many contractors start out offering a select few services, many eventually grow to provide additional works. Many companies make the jump from residential to commercial and eventually into industrial contracts. This type of growth is excellent for companies, subcontractors and suppliers alike.
Having the option to rent equipment gives you many more options without having to expend your own fleet. Having a go-to rental provider allows you to take on more projects and not leave money on the table. With business expansion comes the added need for newer, bigger equipment with more offerings or different applications. You can conveniently ramp up production without spending the time securing financing to cover capital expenditures.
5. The Right Equipment for the Job
Being locked into the wrong equipment for the job can strain your project’s bottom line. Equipment that’s too small for the job causes operators to double their efforts. With earthmoving equipment, for example, models with too small load capacities force operators to move materials in more trips than necessary compared to if they have access to equipment with higher load capacity.
On the other hand, equipment that’s too big for the job comes with more safety and operating concerns and can put workers and structures at unnecessary risk of injury or damage if used incorrectly. In addition to choosing the right size equipment, it’s also crucial to get equipment with the right specifications for the job. Different equipment types have a variety of models, each with their own unique features designed for specific applications. Working with equipment that isn’t designed for your needs is inefficient and wastes time. Renting your equipment can give you access to a variety of models to fulfill each job’s scope.
6. No Need for Storage
When it comes to owning construction equipment, your costs aren’t just limited to the initial capital investment and maintenance. In addition to these costs, you’ll also have to pay for storage when your equipment’s not in use and for transportation to get it to job sites.
For large pieces of equipment, you must make sure your facility can accommodate long-term storage to minimize damage to your tools. You can’t just keep them outside where they could become damaged when exposed to inclement weather. Expansive storage facilities can cost a significant amount of money, greatly increasing your company’s overhead.
Storage costs can quickly add up when running a construction business. The more tools and equipment you own, the more warehousing space you’ll need to protect, organize and store it all. In addition to the cost to rent or own the space, there’s also the cost of insurance, security and monitoring that accompanies storing assets as valuable as construction equipment.
7. Control Project Costs
Renting equipment allows you to have more control over your project’s costs. Equipment rentals are considered hard costs expenses you can get quoted from a supplier and that won’t fluctuate. Knowing upfront what your equipment costs are can make it a lot easier to estimate a construction budget, resulting in a more profitable project.
With equipment rentals, your project costs are clear. The equipment rental fee your provider quoted you plus fuel costs. Depending on the dealer, you might also have insurance and deposits as additional expenses, but these can be factored into your total fixed rental cost on the project. Knowing ahead of time exactly what your equipment rental will cost can help you stick to your budget, allowing you to reserve funds for other significant investments your project may require.
8. Gain Access to the Latest Technology
When you rent equipment from your local Pantano’s Rental Store, you gain access to the newest equipment with the latest built-in technology. Landscape equipment technology has significantly advanced over the last decade, filling a vital need that contractors had to be able to manage their projects more efficiently and improve profitability. Technology is constantly evolving and with the competitive equipment rental market, companies are highly encouraged to always remain up to date with the latest machinery and technology available.
By having access to the latest equipment models and features, you can complete jobs faster and more efficiently while ensuring all machinery is compliant with the latest safety and industry regulations. With the competition always looking for an edge, they’ll find it if you’re using outdated equipment. The newest tech makes it possible for jobs to be easier, safer and faster. If your competition has it and you don’t, you’re actively putting yourself at a disadvantage.
9. Improve Cash Flow
When you own equipment, you must factor routine maintenance expenses, unexpected repair costs and professional training and salaries into your overall operating expenses throughout the duration of the machine’s lifespan. With rentals, you can eliminate these expenses, only worrying about these costs if they’re included in your rental agreement. You have the potential to recover up to 100% of your rental costs during the project by choosing rentals over outright purchases.
10. Try Before You Buy
As mentioned, many contractors today employ a hybrid approach to their equipment fleet. By having a mix of rented and owned equipment, contractors can remain flexible for any given project’s needs and stay as competitive as possible. By renting some of your equipment initially, you can try before you buy. If you’re unsure of whether to go ahead with an investment in equipment ownership, then you can rent a similar machine as the one you’re thinking of buying. This way, you can test out the equipment on a few jobs first.
11. New Revenue Sources
Certain projects likely require specialized equipment to complete the job in a timely, effective and correct way and purchasing certain tools may not be financially secure. By renting equipment you can save on upfront costs and expand your offerings.
12. No Transportation Costs
Typically, you can’t just drive your landscaping equipment down to your worksite. Instead, you’ll need to coordinate the transportation of these pieces of equipment from one location to another. To move equipment properly, you may need to rent or buy tractor-trailers to haul it. Occasionally, you may need to obtain wide load permits. On top of the transportation costs, you’ll also need to pay personnel to load and unload the equipment. These transportation responsibilities can add to your current staff’s duties, or you may have to pay contractors to do it for you, increasing your costs.
13. No Capital Investment
If you’ve ever looked into buying construction equipment, you know just how high the costs of buying it new can be. Often, companies will have to save their money for a long time to be able to afford to purchase a piece of equipment. With all the money that you save to buy the piece of equipment, you may be restricting your cash flow. For companies running right on the margins, the capital investment needed to purchase rental equipment can be too high and put them at too much risk. Though you can take on debt to purchase the equipment, it may not be worth it if you aren’t constantly using the equipment. Taking on a loan can also put your company at risk, so it’s important to consider all of your options.
By renting, you don’t have to take on any debt, nor do you have to slow down cash flow as you save for the equipment. For smaller companies who may not need to use the same pieces of equipment job after job, renting can be a much more affordable option.
Let our rental team advise you on the right equipment rentals and pricing to meet your short-term needs.