Equipment Rental/Lease, which can also be called plant/machinery hire in some countries is the services that provides machinery, equipment, and/or tools of all kinds and sizes (from earth moving to power generation; from construction to agricultural tools, etc.) for a limited period of time to final users, mainly to industry and individual consumers.
Equipment rental/lease can also be defined as getting an equipment for a temporary purpose to help the people who are not willing to buy the equipment. It appeals to many industries because of its many benefits and advantages. In addition, competition among rental/lease providers can work to the consumer’s advantage with prices, specials, and service.
Consumers/companies across many industries rent/lease equipment for their many business operations. Industries such as:
- Oil & Gas
- Construction
- Marine
- Agriculture
- Automotive
- Mining
- Haulage/Transportation
- Government
- Landscape
- Military/Defence
- Retail
- Waste Management, etc.
Companies in these industries may choose to rent/lease equipment for a number of reasons. These reasons may include:
Project Control
- Equipment rental/lease makes the project schedule easier to manage with on-demand resources. It also helps companies meet deadline crunches.
- It reduces after-job disposal.
- With equipment rental/lease, there are no obsolete equipment.
- It also provides accurate cost control – saving money in many cases.
Productivity on the Job
- Equipment rentals/lease provide the right tool for the job – provides specialty performance.
- It provides well maintained and ready to use equipment.
Inventory Management
- It ensures the use of minimal equipment required.
- It increases overall capability when and where needed.
- It provides no extra storage costs.
- It reduces maintenance expense – by eliminating responsibility of testing, maintenance, service.
Corporate Benefits
- Renting/Leasing equipment reduces assets tax.
- It increases borrowing capacity.
- It conserves capital.
Other benefits of renting/leasing include:
- CAPITAL INVESTMENT: Renting/Leasing an equipment/machinery frees up your capital investment/funds in order for you to pursue other opportunities and maintain other important parts of your business.
- LOW STORAGE/TRANSPORTATION COSTS: Equipment rental/lease eliminates the need for long-term storage and can save you the hassle over transporting equipment from site to site, since you can simply have the rented/leased equipment delivered and picked up when needed which will free up your time and help you respond faster to other business needs.
- GAIN INCREASED MARKET PROFITABILITY: Renting/Leasing equipment enables you to respond to specialty niches, financial fluctuations and the ebbs and flows of market demand. It increases your demand flexibility in today’s business market.
- SHARPEN YOUR COMPETITIVE EDGE: Equipment Rental/Lease gives you access to a diverse, efficient, and compliant fleet of machinery/equipment, that will sharpen and broaden your competitive edge in the prevailing market conditions.
- ELIMINATE COORDINATION HEADACHES: Equipment rental/Lease provides a win-win cycle for business where experts maintain and service the equipment, so it is less likely to malfunction or break down. It can also alleviate you of the concern and organization required to accomplish proper training, maintenance, service, and scheduling of the machine.
In conclusion, “Not only is it easier to let the professionals at a rental/lease company handle some of the logistics for you, but also it frees up your valuable time and saves money in many cases.”
Equipment/Machinery and uninterruptible Power Supply are essential to every and any business; and regardless of size, purpose and structure, no company or business can afford to have idle and unused equipment. Worse still, continuous exposure to the elements (blazing sun, driving rain or blustery wind) and a poorly ventilated storage space will degrade machine quality.
“An idle equipment is a loss – Monetize them via rentals, Leases, Sales and Auctions.”
Renting/Leasing, as earlier stated, will offer you the greatest flexibility in terms of Project Control, Productivity on the Job, Inventory Management and Corporate Benefits. Things such as fluid checks, service, maintenance, hours count, schedules, testing, parts, and depreciation becomes someone else’s responsibility. Not only is it easier to let the professionals at a rental/lease providing company handle some of the logistics for you, but also it frees up your valuable time and saves money in many cases. Therefore:
RENT/LEASE AN EQUIPMENT TODAY!
