Why Buy When You Can Rent? 4 Reasons To Rely On A Crane Rental Service
Posted on: 14 October 2019
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Cranes are an integral part of the construction business. Unfortunately, they're not always readily available when they're needed. One way to ensure that you have a crane at your disposal is to utilize the services of a crane rental company. Here are some benefits you'll enjoy when you rent a crane.
Reduce Your Operating Costs
If you operate a construction business, there may be times when you need the use of a crane. However, purchasing a crane might not be the best answer for your particular needs, especially when you consider the additional costs. Once you purchase your crane, you'll be left with costs that you might not have considered.
Insurance
When you own a crane, you need to be sure that it's properly insured against theft, vandalism, and damage. Those insurance costs can be quite costly.
Maintenance
Crane ownership includes the responsibility for routine maintenance and emergency repairs. Those costs add to your annual operating costs.
Training
In addition to the costs associated with insurance and maintenance, you'll also need to ensure that your employees are properly trained on how to operate the crane. One of the benefits of a crane rental service is that the service will provide trained crane operators.
Increase Equipment Flexibility
When you own your crane, you're limited to that particular piece of equipment. Unfortunately, there may be times when you need either a larger or smaller crane for certain projects. You might even require additional equipment, such as boom trucks. Instead of spending money to purchase a crane that will provide limited benefits, utilize a crane service and get the exact equipment you need for each project.
Avoid Issues With Credit
When you own a business, all of your cash expenditures are listed on your assets and liability documents. Unfortunately, increased liabilities can cause problems for your business, especially when you're trying to establish a line of credit. However, when you use crane rental services, you won't have to deal with the liability issues, which will improve your chances of obtaining much-needed commercial credit lines.
Eliminate Large Cash Expenditures
If you've decided to pay cash for a crane so that you can avoid the rental payments, you should rethink that decision. Purchasing a crane requires a large upfront expenditure of cash; cash that could be put to use in other areas of your construction business. Instead of depleting your cash reserves, use a crane rental service. That way, you only need to pay for the crane when you need it for a project.
For more information, contact a company like Statewide Crane Service.