There is always some level of dilemma involved when a company has to decide whether it should rent or buy heavy equipment required for its construction job. There are positives and negatives attached to both side of this aspect. One should decide after evaluating all the involved points and understanding them according to the individual requirement.
A Zettelmeyer ZD 3001 wheeled-bulldozer in the brown coal open pit mine Vereinigtes Schleenhain. (Photo credit: Wikipedia)
When it comes to buying the equipment, then one need to have a certain amount of budget as these equipments are very costly and even after purchasing them they involve a fairly high maintenance cost which needs to be taken care of. However, when the equipment is no longer in use it can be made to use by renting it and this can help the owner to fetch a good sum of money. Also, it can be sold at an auction house or some kind of online store. This way the equipment can fetch you a good return after you have used it for your job.
Leasing the heavy equipment for your construction job is equally a good option when you are not in a mood to invest a large capital in purchasing the machine. This capital can be used elsewhere in increasing the productivity or can be utilized in some other fruitful way. The option is also more practical as this way one has to pay as per the number of days or months for which the machine will be used. However, if there is any kind of damage that incurs to the machine than it is liable to pay for the damages.
The final decision entirely depends upon the individual requirements and the resources available at the disposal. There are many equipment rental companies in Ottawa and one can easily hire them after doing a little research.
The hydraulic cylinders on this excavator control the machine’s linkages. (Photo credit: Wikipedia)
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