Skid steer rental is now available at Hendershot Equipment in Decatur & Stephenville TX. We understand a skid steer rental or purchase is a huge decision. In an effort to help, here are some things to consider in an effort to help you make the best choice. When it’s time to invest in a skid steer for your agricultural or construction business you want to be sure to investigate your options. The first important decision is to determine whether to proceed with a skid steer rental or purchase.
Also, we have an expert staff to assist you so be sure to stop by today!
Call Today for assistance at either of our locations:
In Decatur, TX at: (940) 627-5451
1841 N US Highway 287, Decatur, TX 76234
In Stephenville, TX at: (254) 965-6783
935 E South Loop, Stephenville, TX 76401
Here we will look at some items to consider regarding purchase vs skid steer rental:
Considerations for skid steer rental vs. purchase
- Stay competitive
- Protect your credit
- Tax Implications
- Less upfront investment of money
- Avoid storage and maintenance costs
If you buy a skid steer, you will be stuck with it until it is of no use or until you decide to sell it. Since newer models are manufactured regularly, your purchased skid steer will probably become outdated within a couple of years. By contrast, if you decide to rent a skid steer, you will not get tied down. Therefore, you can rent the latest and up-to-date models for your exact needs. The new, advanced and up-to-date models usually have much better technology and will give you a much needed competitive edge.
Protect your credit
If you are a business owner, skid steer rental allows you to keep the credit lines open. This in turn, allows your business to get funding for staffing, growth and various other needs. This will also prevent the need for you to spend valuable time looking for a lender to extend credit for buying the skid steer.
Additionally, rental costs may be directly tax deductible as business expenses. On the other hand, when you buy a skid steer, it might need to be depreciated over its’ lifetime. Checking for tax implications is an important part of any skid steer rental or purchase decision.
Less upfront investment of money
When you compare renting to buying, renting can be less expensive. Buying a skid steer has a huge price tag upfront. This can tie up capital that when used, is no longer available for your other projects. By contrast, renting a skid steer does not require a huge cost upfront, and this allows you to save money. Then you can allocate cash to other areas with the highest ROI (return on investment).
Avoid storage and maintenance costs
Storage facilities to keep skid steers tucked away when they’re out of use for a long time can be quite costly. However, you can avoid this by simply opting for skid steer rental. Moreover, renting a skid steer also can save money in maintenance and repairs. Since many rental contracts have a provision for maintenance, spare parts and repairs it can be a cost savings. Additionally, most rental companies do cover the costs of taxes and insurance on a skid steer, which is another major benefit.