The Benefits Of Renting Over Buying Equipment

Equipment rental

Interested in the best equipment and the best prices? It’s time to stop buying and start renting. Equipment rental is quickly becoming the go-to option for Americans who want to save money without sacrificing on quality, allowing them the flexibility they need to meet their individual projects or commissions with aplomb. From aluminum scaffolding to various tools for rent, the sky’s truly the limit. Let’s see what construction equipment rental can offer you and your business, landscaping projects or personal hobbies.

How Common Is Renting?

The best equipment doesn’t have to be expensive. According to the ARA Rental Market Monitor, the total investment in the Rental Market has already reached $12 billion back in 2014 and saw another $2 billion in growth in 2015. The past couple of years have seen an estimated 51% of new construction equipment manufactured and making its way into various rental lots and stores. Overall? Rental revenue has grown at more than triple the rate of the general American economy, thanks to the American Rental Association.

What Do People Rent For?

There are a variety of different reasons to seek out the best equipment store and rent supplies. Some choose to seek out scaffolding rentals or a floor removal machine when renovating their homes, while others choose the best forklift rental for a construction commission. Common events for renting include, but aren’t limited to, weddings, barbecues, parties, get-togethers and sweet sixteens. Having a plan in mind for what needs to be accomplished will help immensely in organizing what exactly you need to rent.

What Equipment Do People Look For?

Did you know over 35% of weddings are outdoor affairs? This makes outdoor party rentals a particularly popular choice for many — tents, chairs, lights, decorations and silverware are additional options for those on a budget. A common pick for those hosting an event with kids are bouncy castles, with standard ones taking around 15 minutes to set up and five minutes to fully inflate. Remember that no more than 12 children should jump and play in a 15×15 inflatable bouncy castle at any given time. Last, but not least, don’t feel the need to skimp out on necessary supplies so the event you throw can be a success.

Should I Rent?

Deciding whether or not to rent depends entirely on your unique needs, budget and goals. The construction industry has a general rule of thumb when it comes to renting the best equipment — if you don’t use a piece of equipment or tool more than 60% or 70% of the time, you should consider renting to save on costs. Anything more than that, though, and there’s no shame in buying. Construction equipment can be rented for any length of time, from a single day to an entire year. Even rental chairs generally start as low as $2 a piece, making any event you want to throw as easy as visiting an equipment store and browsing. Ready to save money and see your project through to the end?

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