5 Reasons Why Renting Construction Equipment Can Save You Time and Money

Renting construction equipment is very often the most cost-effective procurement method. But it’s not just down to money – there are many other pressing reasons why the hire model can be more advantageous than buying.

1: You can rent exactly what you need for the project

Every tradesperson knows that no matter how similar two construction projects might be, there are always nuances that call for different types of equipment.

Sure, you probably need some kind of excavator. But would a 5.5T be best for the task or do you need an 8T, 14T or a different size? The same goes for loaders to move materials. Today’s project might call for uber-heavy duty, but tomorrow’s may be better served by a smaller, more nimble option.

2: You can benefit from the latest models

As tech advances, so too does construction equipment. It seems that barely a week or month goes past without another upgrade hitting the mainstream. While this is great, if you purchase expensive models it means that it doesn’t take long for them to become outdated.

Hiring equipment, on the other hand, means you can benefit from the latest models without having to continually trade-in or purchase more kit.

3: Wave goodbye to servicing costs and repair expenses

When you hire, your equipment should arrive to you in a fully serviced condition. If it’s a long-term hire, then any ongoing service needs should be covered by the hire company. When you’ve got a lot of machinery on-site, this can relieve you of considerable expenses – plus you also benefit from the company paying for any repairs during the hire period, should an unexpected problem occur. Additionally, if a repair can’t be actioned fast then the rental company will be responsible for sorting out a replacement, meaning that downtime is minimal.

4: Money isn’t tied up in unused equipment

Whenever equipment isn’t actively being used then it’s costing you money. Having a high inventory value is very detrimental – and this applies to both large construction firms as much as for SMEs where cash flow can be even more of a concern.

Renting kit – especially items only required for short periods – removes this issue.

5: Start-up costs are dramatically reduced

Having to purchase equipment is incredibly expensive – often amounting to hundreds of thousands of dollars or more. Sure, you can take out loans to do so, but then interest comes into the equation and this all needs to be passed onto the customer.

In today’s competitive world, hiring construction equipment is by far the easiest way to a) save money and begin tendering and winning projects immediately and b) have access to the exact equipment you need, when you need it. This saves both time and money in the process.

Another advantage of renting construction equipment is that insurance costs are covered by the hire company – so yet another expense you don’t have to front.

At McMahon Hire Solutions we’ve upscaled the whole blueprint of construction equipment hire. With over two decades of industry experience, we’ve ripped up the all-too-commonly-seen model of poor customer service and lack of choice. Instead, we provide equipment hire that serves your exact needs.

From the widest range of top-end kit (and if we don’t have what you need we’ll procure it for you or find a solution) in combination with an outstanding level of customer service rarely – if ever – seen within the building trade, it’s no wonder that we’re fast becoming the provider of choice for Victoria’s construction projects.

Discover more about us and our wide range of equipment – from earth moving to concrete to air compressors and more. And if you need a chat to discuss what would best suit your needs, get in touch today to speak to one of our expert team.

Call us today for a no-obligation discussion.