When you work in any industry that requires heavy lifting, a crane is an essential part of your operations. Without a good quality crane on site you would not be able to do half the things you need to. When you need a crane for your business, you have two options – rent or buy. This is something you need to evaluate to ensure you make the right decision. It all depends on your business and whether you really need your own crane.
Pros of Crane Rental
Before we look at buying a crane, let us have a look at the advantages of mobile crane hire in Perth. Renting a crane has quite a lot of benefits and it is easy to see why construction companies and other businesses choose to rent over buying.
- Latest Features
When you choose to rent a crane instead of buying, you have access to state of the art machinery that is never more than a few years old. Crane hire companies have to regularly upgrade their equipment or else nobody will hire a crane from them.
- Selection
Another great reason to hire a crane is the selection you get to choose from. You rarely come across two jobs that are the exact same, so being able to rent different types of cranes is a big benefit.
- Low Cost
When you rent a crane, there is no transportation or maintenance costs. They deliver the crane to your site and if it breaks down, they have it replaced or fixed for no extra cost.
Pros of Buying a Crane
The main reason why business owners invest in a crane is because they need one all year round. But, there are also many other advantages to owning your own crane.
- Taxes
When you buy your own crane, you can deduct some or all of the equipment from your business taxes. This helps a lot when trying to balance the books.
- Longevity
A new crane will last for approximately 25 years if it is well-maintained and taken care of. You have access to a crane whenever you need it, and it will last for many years without needing a replacement.
There are many factors to consider when deciding whether to buy or rent a crane. For most busines owners, renting a crane makes more sense as there are a whole host of associated benefits. You stand to save a lot more money when you rent a crane in comparison to buying one outright.
