If you do a lot of concrete work on a daily basis, you likely want to own your concrete pump outright. However, there are some situations where renting it only when you need it is a better option. Here are some questions to ask yourself when deciding whether renting or buying the concrete pump is a better option.
How often will you use it?
The first question to ask yourself is exactly how often you will use it. If you are a concrete contractor, you probably use it practically on a daily basis, so naturally buying the pump is a better option. The cost you spend on buying it ends up costing you less than if you were to rent it each day. On the other hand, if you run a general contracting business and only some of your jobs require using concrete, then you might not need it as often. In this case, renting may be more worth it to you.
Do you have somewhere to store it?
Another issue with owning your concrete pump equipment instead of renting it is that you need to have somewhere to store it. Don't just think about where you will keep it on one job, but when you are in between jobs. This can be a major source of frustration for some construction companies that don't have a good place to store all of the extra equipment. Some concrete pumps are very large, so if you don't already have room for it, consider the cost of paying for off-site storage. You may find that renting the equipment is a better option for you.
What is your current budget like?
This is important to keep in mind when deciding between buying or renting a concrete pump. If you are a fairly new company, you might have the money for renting equipment as needed, but not to actually buy it. However, if you have the budget, buying it outright can be a better use of your money since you aren't paying rental fees over and over again.
Is renting it inconvenient?
If you don't want to wait for the equipment to be available or go through the process of renting the concrete pump each time you need it, buying it might be a better option for you. As long as you have the budget and space for it, it can be more convenient having immediate access to the equipment. Remember that when you rent equipment, it might not always be available when you need it unless you request it in advance. If you need to do work after hours or over the weekend, you might not be able to find a rental place that is open.
For more information, contact companies like Hunter Concrete Pump Hire.Share
2 August 2016
We have had a space out by the back of the shop for parking since the shop opened. But we noticed that fewer and fewer customers were using it and more customers mentioned the lack of parking in our area. It turned out that they didn't like parking on the back, unsealed lot as this made their shoes muddy and their car dirty. We used a concrete contractor to come and seal the carpark as well as mark out defined parking bays. The customers love it and we have noticed an increase in business. This site talks about how small businesses can create parking spaces with concreting to improve their customer experience.