Should You Rent or Buy Construction Equipment?

When it comes to doing construction work, you have a few choices as to how you obtain equipment for your project: you can either rent it or you can buy it outright. Deciding which option is best for you can be challenging, but we’re here to help. Check out the benefits of each method below so you can make a well-informed decision.

Rental Benefits

If you only intend to use a machine once or twice, then it doesn’t make much sense to buy it. Renting construction equipment is best when you have a short-term need for the machine.

Another good reason to rent instead of buy your construction equipment is if you don’t have a way to maintain it or store it. Storage and maintenance are two crucial components of ownership and they can be a burden for those who simply need a machine in the short-term.

Buying Benefits

It’s wise to purchase your construction equipment when you know that you’re going to use it very often. The rental fees can add up quickly if you’re renting often, so it can end up making more financial sense to buy your equipment instead.

Also, if you need your construction equipment available at a moment’s notice, buying it will be better because you’ll always have access to equipment that you own.

Whenever you’re ready to rent or buy construction equipment for your next project, visit our dealership in Lockport, NY. We can also offer you financing options on your purchase. Upstate Equipment serves greater Buffalo, as well as the city of Amherst, NY.