When given the choice between buying, hiring or renting-to-own excavation equipment, most companies prefer hiring. The option of hiring excavation equipment has existed for as long as such equipment was needed. Traditionally, companies and individuals that were involved in mining, construction or any other earth-moving activities often hired excavation equipment that they either could not afford or did not need to own.
Even with the ease of access to other options such as better financing terms from banks to purchase equipment, and rent-to-own (hire purchase) options where one can own the equipment at the end of a series of monthly payments, hiring/renting excavation equipment remains a popular option. Read on to discover the benefits of excavation equipment hire for your company.
Operating advantages of hiring excavation equipment
Businesses make choices based on the advantages afforded to them by that choice. Hiring excavation equipment offers operational advantages in various ways:
- There is no need to worry about the equipment breaking down. It is the responsibility of the company hiring out the equipment to make sure it is in working order and at their own expense. In case of a breakdown, the rental company will send factory-trained technicians to fix it immediately and the hiring company can resume work promptly.
- Hiring companies have access to the latest technology which helps to increase their productivity. This would have been impossible in a hire purchase arrangement or if a company had already bought the equipment since the equipment is already chosen and making technological upgrades to it is difficult and expensive at best, or not possible at all.
- The rental company is responsible for moving the equipment from one site to the other. Some excavation equipment is too heavy to be moved on normal roads as they would cause damage. As a result, they are dismantled and separate piece moved and reassembled at the work site. The hiring company is therefore free of this time consuming and rather expensive work.
- The hiring company has the opportunity to try out different brands and types of equipment to see which will work best for them. With the advent of technology, companies looking to hire excavation equipment can simply check out their websites, see what they have to offer, and set up a meeting to try it out. This is impossible if one already bought a certain brand or type of equipment.
The operational flexibility and variety offered by hiring excavation equipment results in greater customer satisfaction for the hiring company which is perhaps the greatest incentive to hire equipment rather than buy or rent-to-own.