Why Rent Equipment?
By: Joe Mohler and Alisha Lange
Deciding how to invest into your
business can be a difficult task that requires research, planning, and cost
effective solutions with a return on your investments. A common problem
among growing construction companies is whether purchasing heavy equipment needed
on the job really saves money or if renting is the wisest way to go. There
is a lot of research out there on this topic, which can make the decision
making process that much harder for you. The difference with Vandalia Rental is
our honest sales approach and impeccable customer service. We did the
research for you because ultimately it is your decision to make. The
sooner you realize which direction to take, either to rent or to buy, the
sooner we can help you get into the equipment that you need.
Benefits of Renting Equipment:
Manageable cost each month – You can budget
for and manage your rental costs each month. Our straight forward pricing can
be easily factored into your bid. It is difficult to know the “true” costs of
ownership will be, which makes it hard to determine the actual cost of equipment for each job.
Immediate business expense
deduction – The cost of your rental equipment
is an immediate business expense deduction, whereas the cost for purchasing
equipment must be expensed as depreciation over a length of time.
No maintenance fees – You
do not have to staff and train your own mechanics, as well as allocate valuable
space for service area when you rent. Vandalia Rental has experienced
mechanics who keep our fleet on its feet by making sure it has been
well-maintained. We inspect and clean our equipment each time it is returned,
giving you peace of mind.
Little to no downtime if equipment breaks down - Vandalia Rental is typically on site within hours to swap or
repair equipment if it breaks down. You will be back up and running in a short
period of time. There is no telling how long it would take to make the necessary repairs on equipment that you
purchase because this depends whether or not you have mechanics on
call, can pick up/deliver your equipment for
repair, or the time it takes to diagnose the problem, order parts, etc.
No waiting for repair parts
– We are fully stocked with common
repair parts, which allows us to make repairs with a rapid turnaround. No
need to order and stock common repair parts or wait on supplier back orders.
This also reduces overhead when compared to owning equipment.
Storage, lot size, warehousing – Storage becomes a
factor when owning heavy duty construction equipment. When you rent from Vandalia Rental, all of that is taken care of.
No hidden fees - With Vandalia Rentals ‘no hidden fees’ you will be able to see
exactly what you are being billed for.
Can try out different brands
– When you’re shopping for new
equipment, comparing brands, or interesting in the newest equipment technology,
renting equipment allows you to try it out first. If you are considering
buying, this is a smart way to test drive before you buy.
Benefit from the ability to upgrade to new machinery – Vandalia Rental
has historically carried an average fleet age of under 3½ years. With the
latest equipment comes the newest technology. With new technology comes
improved productivity as well as being more reliable. Newer, faster,
better beats old, worn, and obsolete. Also, newer equipment better
complies with government regulations. When you purchase equipment you are in it
for the long haul. Upgrading isn't as easy when you have a hefty business loan
to pay off!
Equipment disposal – No need to go through the hassle of selling, refurbing,
disposing and other costs of used equipment.
Taxes – Equipment owners pay property taxes, but not when you rent
from Vandalia Rental.
Capital and capacity to borrow
– Renting tools and equipment frees
up your capital for other uses. Rental equipment is not carried on your balance
sheet, allowing for better line of credit.
Using the right equipment – Oftentimes
contractors try to use the equipment they have vs the equipment they need to be
productive. Renting the right equipment allows contractors to increase productivity and save time by being more efficient.
Emergency service when you need
it – Our outside sales team can be
reached 24/7 giving you options to keep your job moving along.
Allows seasonal business to be
used as needed – You do not have to
carry the inventory year-round for those items used only a couple weeks or
months per year. Vandalia Rental has daily, weekly, and monthly rental rates to
best suit your business' needs.
Can increase the volume of equipment needed for jobs with
various demands – Vandalia Rental offers
a diverse fleet mix which is beneficial when you need to ramp up and increase
productivity to meet your deadlines. Owning puts you at risk for a
financial loss when your equipment sits idle.
Net 30 payments at Vandalia Rental – Accounts are invoiced
at the end of rental period or every 28 days. This gives our customers flexibility. Our customers appreciate being able
to pay their invoice once they’ve been paid for the job. Accounts have 30 days
to pay.
No environmental fees – Vandalia Rental does
not charge any additional fees for shop rags, waste oil, etc. like
the typical rental companies do. We are proud to be different.
Optional damage waiver – Damage waiver is encouraged but optional with accompanying
certificate of insurance.
No need for transportation
equipment – No need for trucks, trailers,
licenses, drivers, insurance, down time, and all other costs associated with equipment
transportation. When you have rental equipment delivered to your job site, you
only pay for that one event.
Ideal for specialized projects
– As noted, Vandalia Rental offers
a diverse fleet mix to help carry you through projects that are not normally in
your wheelhouse.
Peace of mind – Vandalia Rental gives you peace
of mind in knowing that our equipment is well maintained which is one less thing on your plate.
Most equipment is not used
in-between jobs, weekend, holidays, or during maintenance and repairs. If
you are not utilizing your equipment more than two thirds of the time, you’re
usually better off renting. If you have any other questions about rental
equipment, feel free to contact us anytime. We are more than happy to help you in
any way that we can.
