Purchasing new or even used heavy equipment can be a huge investment. For contractors who do not have a constant flow of work requiring their use, an Excavator Rental in Baltimore MD can be a solution to mitigate this cost. When deciding between purchasing heavy equipment and renting it, the most important aspect of the decision is typically the bottom line.
New equipment is expensive, and buying used often ends in contractors owning unreliable equipment. For companies requiring an excavator for daily use, the cost of purchasing equipment will probably be worthwhile, and financing plans are often available. However, if it’s more likely that only once in a while a job will come up requiring the use of a full-sized excavator, it is likely more cost-effective to rent than to own.
Beyond the initial investment of buying the machine, there are a variety of other associated costs to consider as well. For instance, where will the machine be stored? These machines are built to last, but they are not built to withstand inclement weather during the winter months in the Northeast when they are unlikely to be put to use. Owning an excavator means deciding between paying for appropriate storage or crossing fingers over not incurring damage that will require additional money to repair.
Responsible owners may be able to prevent the need for frequent repairs, but regular preventative maintenance on excavators also comes at a price. Daily tasks such as track cleaning, sprocket cleaning, examining the track tension, and greasing the moving parts alone can place a dent in financing. When considering the cost of replacing fuel filters, cleaning or replacing air filters, and performing oil changes, this cost skyrockets. Those without the time and know-how to do this work themselves will find that maintenance and minor repair costs may be prohibitively high. Contractors that only require an excavator for a project here and there can avoid these as well as storage costs by renting the machinery as necessary.
Before looking to purchase questionable used equipment or breaking the bank buying new, consider an Excavator Rental in Baltimore MD. Depending on the circumstances, this could save smaller businesses money, and will almost certainly save some hassle. Contractors can visit for more information.
