Many industries, from pipe-laying to fire and rescue, will need a boom truck at some point to do the job. To buy or rent heavy equipment such as a boom truck is a question you will face as a business owner. Here are reasons why renting a boom truck is often a better choice than buying.
Buying heavy equipment like a boom truck can be a financial burden, one that requires the profits of a good business year to afford. When you buy, your money is tied up until you have enough work to give you good profitability or until you sell the machine.
If you do not have enough jobs to keep your boom truck busy, buying is an unwise decision because you will have to dig into other business accounts to maintain and sustain it.
Ownership also comes with additional costs and responsibilities such as hiring and training operators, getting insurance and pursuing government licensing. You also need to consider the cost of fuel, maintenance and storage.
The financial side of your business benefits from renting a boom truck, not buying, because you do not have to worry about taking care of a truck that has been lying unused for months due to a decline in demand and can use the funds for other appropriate expenses such as marketing.
Recessions, market volatility, changing regulations, tight profit margins and the demands of customers, are just some of the factors that make flexibility mandatory for business. Renting heavy equipment such as boom trucks enables you to respond to the decline or regrowth of demand, as well as specialty niches.
For example, you may have trouble moving heavy construction equipment with a 33-ton truck if that is all you have. But if you are renting, you can use a 50-ton boom truck that will better suit your project. You can also use a machine with the latest technology for jobs that require more precision. By renting you can have specialty performance for each of your projects.
Managing even one boom truck is a daunting task, imagine how difficult it is to manage a fleet. It is even more challenging if you do not have the skills and time to take care of the trucks because you have to hire people to do it.
When you rent, things like understanding a manufacturer's recommendations, fluid checks, greasing, testing, breakdowns, depreciation, following the maintenance schedules and cleaning all become someone else's worry. By renting you free up your time and money, and you leave the technical concerns to the experts.
Many businesses might not have the machinery that every job requires. Finding a reliable partner where you can hire boom trucks and other heavy equipment can give your business the help you need so that you can take up more jobs at the same time.
Whether you are removing or trimming large trees, trying to access a roof or moving heavy construction equipment, a boom truck will on the list of the machinery you require.
Renting can fill in the gaps if you have more projects than your boom trucks can handle. It is also a cost-effective and stress-free option if you do not have enough work or resources to warrant ownership.
The quality of the partner you pick will make all the difference so you should ensure that you only work with a company that has a satisfactory reputation as well as integrity and expertise. Contact the experts at
Prestige Crane Service if you are in the Blue Springs, Missouri, area.
