Renting Versus Buying Heavy Equipment
Many people debate whether to rent or buy heavy equipment. To be fair, new heavy equipment is a large expense that many small businesses are unsure if they want to make. Hawthorne Cat is a local Caterpillar dealer in San Diego, Saipan, Guam, American Samoa, and Hawaii. Below, we’ll take a look at renting versus buying heavy equipment. Contact one of our Caterpillar dealers today!
When You Rent, Your Upfront Costs Are Considerably Less
One of the biggest reasons to rent heavy equipment, you’ll save big on upfront costs. You’ll only have the expense to rent the heavy equipment, and you only pay for the time you actually need it.
When You Buy, You Can Depreciate Your Heavy Equipment
There can be several tax advantages to purchasing heavy equipment versus renting heavy equipment. You should be able to depreciate your heavy equipment each year, as well as deduct the expenses for service, maintenance, and parts.
When You Rent, You’ll Save On Storage Expenses
Many small business owners just don’t have the space to store heavy equipment, especially if they are looking to store their heavy equipment inside. Thus, when you rent, you don’t have to worry about this at all.
When You Buy, You’ll Save Money in the Long Run
Depending on how much you’ll use heavy equipment, it can be more cost effective to purchase heavy equipment over the long run. This is a big consideration when deciding to buy versus rent. The costs of renting heavy equipment can add up in the long run if you use heavy equipment quite frequently.
CHOOSE HAWTHORNE CAT TODAY
Hawthorne Cat offers the best in rental heavy equipment, including excavators, material handlers, concrete equipment, asphalt pavers, and more. Stop by one of our Cat dealers in San Diego, Saipan, Guam, American Samoa, or Hawaii today!