Aztec Rental: The Backfill

It starts with what is right for you and your company.  In the majority of cases renting equipment is more beneficial to your company and bottom line.  Renting equipment from Aztec Rental gives you the luxury of always using the correct piece of equipment for the job, instead of “making do” with what you own.  Having the “right” equipment for the job makes you more efficient and productive at each job. 

So it’s the age old dilemma of “Why would I rent the equipment when I can just purchase it, and have access to it without having to pay rent”   In theory this is correct.  However, have you ever thought of repair costs, maintenance costs, and depreciation costs associated with owning equipment.  These costs alone can ultimately end up increasing the original cost of the equipment substantially. 

Now don’t get us wrong purchasing equipment is without a doubt the right decision in some cases.  If you’re in a streamline business where every job is a mirror to previous jobs then purchasing the equipment to complete these jobs is a great idea.  In addition, you now have depreciation or “business deductions” at the end of the year.

Should I Rent or Should I Buy?  Great question and the only intellectual answer is “It Depends.”  Below are a few points of interest for both sides.

Benefits of Renting Equipment

• No Repair or Service Costs:  Your company does not endure costs it takes to properly maintain equipment like; mechanics, repair facility, parts inventory, or regular maintenance parts.  Aztec Rental takes on all costs of maintaining equipment. 

• No Down Time: If your own equipment breaks down on a job you will be shut down until the unit is repaired.  We don’t have to tell you, but time is money. Aztec Rental will have a mechanic on site or swap out your equipment which produces essentially no down time.

• Equipment Cost: No real equipment costs to affect your bottom line.  Renting a piece of equipment is much less expensive than buying that same unit.  You put rental costs into bids to offset that expense, which produces a “no cost” on equipment for your company.  This In turn preserves your company’s capital, providing you the opportunity to invest it in avenues that will help your company grow.

• Cost of Ownership: Renting relieves you or your company of all costs associated with owning equipment.  There will be no inventory costs, licensing/registration costs, or transportation cost.  Renting will save you the time and cost of advertising and equipment preparation when you go to sell the unit.

•  No Storage: Storing or warehousing equipment can be a hassle and very costly.

• Up to Date: Renting the equipment will allow you to constantly utilize a piece of equipment that is current and on the cutting edge of technology. When owning a piece of equipment the time comes when your equipment is outdated. 

Benefits of Buying Equipment

•  It’s YOUR Equipment:  There is a benefit of knowing something is “yours” and you are the only one who has utilized the equipment.  It has not been abused or neglected at any time.
   
• Availability: You never have to put out any effort to locate a piece of equipment.  You have access to it when you need it.
   
• Deduction: This is huge come end of the year.  Depreciation/Inventory costs are always a big plus come tax season.

 
Whether you decide to rent your equipment or buy your equipment, Aztec Rental carries top named brands and keeps our rental fleet current to ensure you are getting quality equipment.  Combine quality equipment with our superior service and you get a company that is unmatched.

So is renting or buying equipment the right answer for you and your company?