Material Handling Equipment: To Rent or To Buy?
You know you need material handling equipment for your project - but should you rent it or buy it? We've created the following guide to help you sort out which approach works best for your unique needs. If you have any questions or want to check out material handlers for sale or for rent, visit RECO Equipment. We proudly serve those in Pennsylvania, Ohio, and Indiana.
What are Material Handlers?
Material handling equipment is a valuable tool for businesses to transport and store items at various stages in the manufacturing process. This could involve moving the raw materials, disposing of waste, or distributing the finalized products.
Several different industries rely on this equipment to work more effectively and more efficiently. For example, the logging industry can rely on these machines to move timber and branches from the work site and on to the next location. Other common industries include construction, food, pharmaceutical, and retail.
Before you visit a material handler dealer, it helps to know the benefits of renting and purchasing the machinery. Each approach offers unique benefits, which we discuss below.
Pros of Renting
Renting allows you to get the tools you need on a short-term basis. The amount of time varies based on your project and the rental agreement, but they can often be quite flexible. One advantage is it can be easier to pick a model tailored to your given project. Maybe this given task takes place in a compact space, so you can choose to rent a smaller and more agile model. Maybe the next task requires transportation of more goods, so you can focus on something that is larger and with a higher output capacity. Or maybe you need a specific feature for a certain project, so you can rent a model that offers it.
Another perk is that you won't have to deal with maintenance. This saves you time since you won't have to handle all the do-it-yourself maintenance tasks or carve out time to bring your equipment to a material handler dealer for a service. This also saves you money since those visits and the cost of repairs do add up!
Pros of Buying
If you will be using the equipment often, buying ends up being the most cost-effective approach in the long run. Sure, renting is cheap at first. But when you compare the cost of rental fees to the cost of ownership on a bigger chunk of time, buying material handling equipment is the more budget-friendly option. If your business has the funds to invest, it can be wise to do so.
Another benefit is the convenience. You'll be able to use your machine whenever you need it, not whenever the material handler dealer happens to be open and happens to have the right option available for your project. You'll also get to avoid the process of renting every time you have a project, which can be time-consuming and tedious.
Finally, you can get freedom to pick exactly what you need. Invest in a versatile model that handles a wide range of tasks, which can save you money since you won't need to rent or buy other equipment. You can buy new to get the latest and greatest technology. Or you can buy used to save money. Buying offers you the flexibility to get exactly what you need!
If you want to look at material handlers for sale or for rent, visit RECO Equipment. Our expert staff is happy to answer any questions and provide advice on what models will work best for your unique needs. We proudly serve those in Pennsylvania, Ohio, and Indiana.