Bobcat has been around for years, and has been one of the leading manufacturers of construction and farm equipment. From excavators to small hydraulic machines, Bobcat is a name synonymous to durability, ease in operation, and value for money. If you’re someone who is already in or looking to be in these industries, you may be thinking if it’s worth your money to buy your own Bobcat.
If you don’t buy, your other option is to rent. But when should you buy and when should you rent a Bobcat? Here are some things that you should consider before making a decision.
- Scope of the project.
For large-scale construction projects, the task would be relatively a lot easier and faster if you have your own Bobcat equipment. You have full control over when to use it and the duration of its operation. For short-term projects, rental would be the more practical choice.
- Duration of the project.
Contractors who engage in continuous long-term construction usually invest in their own equipment. If you engage in one project after another, it would be better to have equipment of your own. This way, you will no longer be at the mercy of rental companies. However, as mentioned earlier, rental will suit short-term projects a lot better.
Do you have guys in your team who can properly maintain Bobcat equipment? They might have to undergo specialized training to successfully troubleshoot concerns and to keep the equipment in tiptop shape. Training is essential before purchasing any equipment. Until you have people who can do the job well, stick to rental first.
If you want to acquire your own equipment, having enough capital might be the concern. This is why more and more people would rather rent equipment than purchase.
By renting, you do not have to unload too much cash as any purchase would require. On the flip side, however, if you plan to rent Bobcat equipment over a long period of time, it might come out even more expensive in the end. This is one thing that you have to seriously mull over.
Purchasing your own equipment means being committed to whatever comes along with it. Buying your own Bobcat equipment would mean insurance, taxes, operational licenses, and cost of maintenance. Equipment rental will significantly reduce these concerns but might not be cost-effective in the long run.
These are just some of the things that you have to consider as you make that decision to either buy or rent Bobcat equipment. Once you have given each of these factors much thought, then you can be at a better position to decide which course to take.
Written by Lindsey Rentals. Lindsey Rentals offers the best equipment rentals in Columbia, MO.