Renting vs Buying Equipment: What’s Best for You?

If you’re on the fence about buying or renting heavy equipment we encourage you to take a look at our advice below. While both options have their advantages, renting equipment usually has some pretty specific requirements. When you’ve decided whether to rent or buy you can stop by our location in Richmond, Texas and take a look at our huge selection!

Length vs Frequency

It’s important to consider time and frequency when considering your options. If you only need your machinery for a short while it’s obvious that renting is your best option. Especially if you don‘t have other uses for the equipment once the job is finished. However, if you find that you're needing the equipment more and more frequently, even if the work period is short, it’s better to buy the machinery. This should save you quite a bit of money in the long term.

Technology

If you’re needing a model with updated parts or advanced features you’re going to want to rent your equipment. Dealerships should have a few of the most recent releases available for rent. This will be much more affordable than buying the piece yourself, as new models with a lot of features are generally pretty expensive. The same holds true if you’re needing a piece of equipment with a specific implement or customization. Rather than pay extra to do it yourself, simply rent a model that already has what you need.

Maintenance

If you’re unfamiliar with heavy equipment maintenance, or don’t have a reputable mechanic nearby, it’s best to rent your machinery. Equipment maintenance requires a certain level of skill, tools, and experience. It’s also a task you will need to do regularly in order to ensure your investment doesn’t deteriorate before you get your money’s worth.

Renting to Buy

While different equipment usually have different utilizations, some machines can multitask very well. If you’re considering replacing a machine you already have, or are looking to test one out before you commit to the purchase, renting is a great option! This allows you to explore your equipment’s efficiency, controls, and productivity without any long-term commitment.

We hope our advice has been helpful as you weigh your options! No matter what you end up deciding, we hope you’ll visit Richmond Equipment for all of your heavy equipment needs! We proudly serve the cities of Houston and Rosenberg, Texas and offer amazing deals on both our sales and rental inventory.