Did you know? FastTrac Rentals also sells equipment. Although we’re firm believers that renting is better than buying in most cases, we’re not entirely biased. Are you a serious contractor? Take a peek at some of our favorite reasons to buy your construction equipment instead of renting.
#1: The equipment you want may not be available
Renting equipment is definitely the cheaper route, but what happens when your rental agency doesn’t have what you’re looking for? This can potentially cause delays in any projects you’re working on, which can mean less income and more aggravated clients.
#2: There’s no return on investment with rental equipment
On one hand, renting is generally cheaper because you pay significantly less than the cost of purchasing a piece of equipment. On the other hand, depending on how frequently you find yourself renting a particular piece of equipment might signal that buying is better. Renting may be cheaper, but purchasing your equipment means you can sell it later for a small return on your investment.
#3: Buying might save you a little in the long run
As we mentioned earlier, buying equipment may be a more financially reasonable option for those who use it more frequently. For example, if you need to rent a piece of equipment several times or for several years at a time, purchasing is no doubt the better option. You may have to pay maintenance fees, but in the end you could save on rental fees.
No matter what route you choose to take, FastTrac Rentals has St. Louis’ back for any construction equipment needs. From boom lifts to fork lifts, skid steers to backhoes, we’re St. Louis’ full-service equipment rental company. We offer top quality material handling, aerial and other specialty equipment available for rent at daily, weekly, and 4-week rates. Call 314.22.0474 or fill out our online form to reach out to us via email regarding your rental needs. We look forward to working with you!