tangee (1)

Buying vs Renting Industrial Equipment

Summary: Considering the heavy cost of buying heavy industrial equipment, industry heads are often in a dilemma about whether to buy or rent heavy industrial equipment and tools. Here are some details about the same.

Heavy equipment including bulldozers, mining equipment, cranes etc are useful in more than one industry. However, the use may vary from short term to long term. This is why industry heads consistently face the dilemma of whether to buy or rent heavy equipment. Heavy tools and equipment is a heavy investment. It does not come cheap. Renting therefore, proves to be a cost effective solution for short term projects. However, renting equipment does not add value to the company. Conversely, purchasing equipment from industrial equipment manufacturers adds to the company’s asset value and serves the company for many more years to come. So, for long term need, it is cost effective to buy equipment and tools from industrial tools providers.

Purchasing Second Hand Equipment

Industrialists are often sceptical about shelling out a large amount of money for heavy industrial equipment. Buying second hand equipment often seems like the best bet between renting and buying expensive industrial equipment.

However, second hand equipment comes with a number of downsides. They do not come with warranties, after sales service and latest technological advancements. What’s more, odds are high that the purchased equipment may not function when installed at the industry or fail within a short while. This not only obstructs the work process, but also kills the savings owners aspire to make by buying used equipment. Moreover, as second hand equipment is free from warranties, it can neither be returned nor repaired. Odds are high that the company is burdened with repair costs, which work out to be more than the actual cost of the equipment; more so with compromises.

Rent or Buy

So, getting back to the original dilemma of whether to rent or buy heavy equipment, here are some tips that must be considered before signing on the dotted line.

Buying heavy, expensive equipment is equivalent to reinvesting in the company. It adds to the asset value and generates profits. It is therefore, important to consider the ROI on investment. Moreover, without a high asset value, a company has lesser value and lower borrowing power. Purchasing heavy equipment enhances the asset value too.

The rental or purchase decision must be based on the supplier’s after sales support, brand and warranty provided. For, heavy equipment requires maintenance to serve the industry for a longer while. Moreover, it is also important for the company to appoint efficient personnel who possesses the required knowledge for equipment maintenance. Regular maintenance and problem solving is essential besides the manufacturer’s support. It is also important to check if the equipment supplier is able to fulfil the requirement for parts and maintenance personnel later. All these services promise a longer life and enhanced performance on the heavy investment made by the company.

Southern Plantaids provides quality equipment and industrial tools, which promise excellent performance. What’s more, they also provide after sales services. This is the reason why they are well known for their products. In fact, they are the exclusive INDEF and TANGEE suppliers in Hyderabad. Exceptional service and customer centricity make them stand above the crowd.

For further details, contact them at www.southernplantaids.com

Read more…

Brooklynne Brands & Services

Brands

TicketENVY- Find & Buy Sold out Concert, Sports and Theater Tickets Worldwide

SeksCity Toys- Adult Pleasure Aids and Supplies (Must Be 18+)

SportsBrook- Fully Licensed Online Urban Sports Betting and Gaming Platform (Coming Soon)

KaratCity- Helping to provide regular people save and spend GOLD

VerticalRents- Helping Landlords mange and engage their Tenants Easier

MyTeleMedics- Get your Personal and Family Remote Healthcare Services NOW

FunderPass- Crowdfunding Platform for Urban Communty Projects Cause Activism and Upstanding Individual Needs

JesusBless MeCrowdfunding Plarform for Christian Based orgs in the City of Churches

Services

Brooklynne Info Weekly- News nd Events of featured Brooklyn Entrepreneurs and Community Related Issues

Brooklynne Style Daily- Brooklyn & NYC Based Style and Fashion News

Brooklynne Shop- Exclusive Graphic Designs from Featured Artists and Partners

Brooklynne Hookups-  Find Urban Dates and HookUps

Local Business Services

MyGigga.com by The Brooklynne Agency- Full Service Digital Marketing and Development Marketplace

Brooklynne Social - Free Social Media Marketing Mgmt Platform for Brands

The Brooklynne Agency - Office

Phetch.Co Ordering Mgmt

Xpurts by Phetch - Have REMOTE private conferences and meetings with Professional Experts

Go Phetch - Multi Cuisine Order and Delivery Mgmt Facilites and Marketplace for local Ethnic Food Providers in Brooklyn (Coming to NYC HOU DMV  & ATL)

Phetch IT- Order for Delivery Food Groceries Alcohol & Laundry from your favorite Independent merchants in your Area(Coming to NYC HOU DMV and ATL)

Phetch Charg- Start an Electric Vehicle Charging Station at yur Urban locations Tdday