Buy or rent equipment. What’s the best option?

The decision to rent or buy construction equipment depends on your use of it and your budget. In general, if you need equipment that you use very little or are very expensive, it is better to rent. In addition, a good financial analysis must be carried out to understand whether the company can afford the purchase and maintenance of equipment for works2. Leasing can reduce the need for high investments that the company needs to make by buying equipment

What should I consider when choosing between renting and buying construction equipment?

In deciding whether construction equipment is better to buy or lease, you must think about current and future demand, as well as the cost of both options. In general, for renting to be the most economical option, the value of the service should cost less than 60% of the price of the machine, if you were going to buy it.¹. In the case of purchase, maintenance, estimated useful life, annual attractiveness rate and sale value at the end of the required period² must be taken into account². Once the calculations are done, compare it with the monthly rental fees, frequency of use and the value of consumption and accessories.

If you have any doubts, contact a SOALUGA consultant to help you do the math and give you advice.