When deciding whether tool hire or purchase is right for you and your business, there are several factors that you need to consider - for example, how the equipment is being used, your storage facilities, the duration of the project, your budget, and much more.
Recent years have seen a huge increase in the number of businesses choosing to hire their machinery, tools and equipment. To many, this will come as no surprise, as equipment rental offers many advantages that equipment purchase cannot. To discover some of the key ways in which tool hire can benefit your business, keep reading.
Lower initial cost
Buying your own equipment can be a costly option, especially if you’re in need of heavy plant equipment like excavators, rollers, or even tractors. These products can sometimes carry a price tag of hundreds of thousands of pounds, depending on the type you buy.
If you don’t have this kind of budget to work with, or simply want to avoid such a huge expense on just one piece of equipment, tool hire is the ideal solution. Tool rental allows you to pay a much smaller amount but still provides you with the equipment you need, for as long as you need it.
Minimal storage requirements
Large, heavy equipment often requires dedicated storage space in order for it to remain safe from the elements and to minimise wear and tear. Equipment rental can help to eliminate or certainly minimise this concern, as you won’t need a long-term storage solution for your equipment. Some tool hire companies may even provide dedicated storage facilities as part of their hire service.
No long-term commitment
Equipment rental is always a more suitable option for short-term projects. Buying new equipment will tie you into a long-term commitment, which may not always be ideal or even necessary.
If you were to purchase your tools and equipment, you would need to invest a number of resources into maintaining them, despite not even needing them anymore. Therefore, not only will you have spent an awful lot of money on the upfront cost, but you’ll also waste time, energy and money on its upkeep.
By hiring your equipment, you can rest easy knowing that you aren’t tied in to anything and can simply return the equipment once you’re done with it.
Little to no maintenance costs
Owning any type of equipment means you’ll have to dedicate time and money to regular maintenance, servicing, and repairs to ensure it remains in good condition and lasts as long as possible. With tool hire and equipment rental, you can save on the time and money associated with maintenance and repairs. You also won’t need to sacrifice good quality and well-maintained equipment, as the tool hire company will most likely carry out all necessary maintenance on your behalf.
Now that you know some of the key benefits of choosing tool hire over purchasing, why not take a look at Rocket Rentals’ range of high-quality equipment? We offer a wide variety of tools and equipment on a rental basis, stocking everything from gardening and cleaning equipment to plumbing and decorating tools. Whether you need plant hire, access hire, or tool hire, Rocket Rentals are here to help. Contact us today to find out more.