5 Reasons You Should Rent Your Heavy Equipment

5 Reasons You Should Rent Your Heavy Equipment

Many companies decide to buy their heavy equipment rather than rent. However, there are many advantages to renting this kind of machinery.

Many companies decide to buy their heavy equipment rather than rent. However, there are many advantages to renting this kind of machinery. Before you make your decision, consider these five reasons why you should rent instead of buy.

Smaller Upfront Costs

Renting is more economical for several reasons, but one of the biggest is the savings of renting versus purchasing your own equipment outright. For example, 30- to 45-foot articulating boom lifts cost between $30,000 and $75,000 if you want to buy used or new. You can rent this equipment for less than $2,300 per month.

In addition, you won't have to worry about overhead costs, such as oil changes and the expense of storing the equipment for longer than you'll actually use it. You also won't have to worry about keeping someone on staff who's qualified to operate the machinery. Instead, you can contract out that work on a project-by-project basis.

No Maintenance Needs

If you own your machinery, you have to handle all repairs. Also, when the tires wear down on these machines, you'll have to purchase new ones and replace them — not an easy feat when you're dealing with a 2,500-pound skid steer loader. Other parts of the equipment will also wear down over time, and since heavy equipment is designed to undergo extensive use, you'll have to carefully monitor for wear and schedule routine maintenance to keep the machinery in good shape.

With a rental, this is all done off-site at no cost to you. You'll receive a machine in excellent condition, use it for your project, and return it without having to worry about ongoing upkeep. There's also virtually no chance of mechanical failure when you rent, which can't be guaranteed if you buy older equipment or purchase new and use your machinery extensively over the years.

No Insurance Needs

If you plan to purchase heavy equipment, you'll be required to take out an insurance policy that covers the equipment itself and the risk it poses to those who use or will be near the machinery. You can avoid this expense by renting — the rental company will be the one who has to keep the rental equipment insured.

Less Risk

Renting ensures that you receive high-quality machinery that has been scrutinized for any issues. This means there's far less risk compared to buying used. Even if you buy new, you'll have to handle inspections and maintenance on your own. This introduces extra costs and the possibility of mechanical failure in the future.

Avoid Devaluation

Owning your own equipment can be an investment, as it's an asset that you can liquidate at a future date. However, as soon as you buy equipment and begin using it, the machinery loses a good chunk of its value. With rentals, you don't have to worry about the fact that your equipment depreciates with every use.

Purchasing heavy equipment is a large investment that's only wise for certain businesses. If you're interested in this type of machinery for an upcoming project, you'll most likely benefit from a rental. Keep the above facts in mind as you continue to review your options threat synonym.

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11 Things Only People With Texting Anxiety Will Understand

Did I respond too quickly? Ugh, auto-correct! Why is he taking so long to respond?

Some lucky humans were blessed with the social confidence that others can only dream of. These divine individuals can text anyone--their crush, friend, boss, ex, you name it--without feeling nervous. How do these demigods face those three evil dots which signal an incoming response with such blatant disinterest? It's as if they know the response will be in their favor! Either that or they are so utterly courageous that even the possibility of rejection fails to strike fear into their hearts. Whatever magic these bold humans use, not everyone is as lucky. Here are some things that those without texting anxiety just won't understand:

1. Over analyzing punctuation and phrasing.

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I hear Ye Old Cafe has an awesome lunch menu!

2. Predicting a rejection and assuming the worst.

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Great, he hates me! He thinks I'm a total weirdo and is probably mocking my very existence right now.

3. Auto-correct embarrassment.

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Don't seem too eager... PLEASE LOVE ME! Dang, I think that was too eager...

4. Those three little dots of dread.

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Wow, your response time is impeccable... NOT! Just say what you need to say!

5. Assuming the worst when someone doesn't respond.

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She has probably been attacked by zombies...and I was too slow to save her. Oh god! What if she's still being attacked? What do I do?

6. Feeling like a bother when you text first.

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Hey! Oh dang, I'm probably annoying her...I take it back!

7. Trying to decipher the exact meaning of excess letters.

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"Funnyyy!" OK, three y's, that means he thinks I'm actually funny? No, he's definitely mocking me.

8. Deciding on a context appropriate emoji.

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OK, to use the eggplant emoji or to not use the eggplant emoji...

9. Immediately regretting a text and wishing there was a way to undo it.

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"LOL, you're sooooooo funny :)" OH GOD NO, that sounded way too eager! ABORT MISSION!

10. Wondering what you did wrong when someone is online but ignores your text.

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Great, that status was probably about me...she could at least say it to my face!

11. The fear of misinterpreting a text.

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He didn't use a smiley face...that means he's mad at me! Or is he just busy? Or maybe he just didn't see it...should I send it again?

Cover Image Credit: Corri Smith

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Dave Ramsey, Thank You For Sharing Your Money Tips And Knowledge With The Rest Of Us

From just starting your program and being only on baby step one I have realized many things.


Ever since starting college I have always had that thought in the back of my head about how am I going to pay off my student debt after getting out of college. This is probably a thought that every student has when they attend college and they know that after they receive their education that they are out in the real world where they have payments to make every month and probably be in debt for most of their life. But after watching your podcast and following your Instagram and seeing all these people paying off hundreds of thousands of dollars in a couple of months is very inspirational.

Paid off student debtDave Ramsey Instagram

From just starting your program and being only on baby step one I have realized many things. One, I spend money on a lot of things that I don't need but never realized until I started tracking my spending to make a budget. Two, saving a thousand dollar before actually tackling your debt is a great task as it shows that if you can save a thousand you can find a way to pay off your debt then. Though it does seem like a long process that doesn't seem possible till you finally hit the triple-digit mark. Three, you don't actually need a credit card in life because you will actually have money you can spend instead. Though I am still wondering how exactly this would work later on with wanting to buy homes and cars.

But overall thank you for sharing your story and knowledge about money and your experiences so others can learn and do better with theirs. So let's all be weird and not broke as you like to say.

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