Many industrial companies require heavy machinery. Not only is this equipment expensive, it requires large resources of money and time to keep it operating. You can buy this equipment outright, or, in most cases, save yourself a great deal of money by renting.
Rent or buy?
Getting a machine solely for your own use involves a lot of effort and planning. For example, credit or leasing requires large amounts of time-consuming paperwork, verifications, guarantees, contracts etc. Once you have the machine it must be used almost continuously in order to pay for itself and other things like servicing, housing, ancillary services, etc. have also to be considered.
It is therefore not surprising, particularly in the case of lifting equipment, that manager’s look for suppliers who can provide fast availability of equipment, under clear and simple conditions and only for the time it is required.
Rental is simply providing a company with equipment without transfer of ownership. You just pay for the use of the machine over whatever period you choose. Different rental companies offer different deals so you can save even more money by shopping around for the deal you that best suits you.
Can every device be rented?
Companies offering rental of specialized equipment constantly try to expand their portfolios with new equipment. Many of them can boast a wide selection, maybe hundreds of different types of equipment immediately available for hire, with delivery to site on an agreed date.
In the lifting devices sector almost all equipment for industrial application is available to rent. On offer are manual, electric and pneumatic hoists and winches. Manual and powered trolleys, low headroom trolleys and load measuring equipment are also available. Most of the equipment is also offered in various configurations, with control options, chain collectors and ATEX certification. It is therefore usually possible to find equipment that precisely matches your requirements.
What are the advantages of renting equipment?
The main advantage is that renting is a lot cheaper than outright purchase, avoiding capital outlay. Another significant advantage is that servicing, repair, safety certification etc. are the problem of the rental company, not you. Renting also offers the opportunity to try out different types/makes of equipment and find out which suits their needs best. Immediate availability of large quantities of equipment.
So to summarise, why rent?
Young developing companies may not be able to raise the substantial credit required to buy machinery they need. Rental solves this problem.
Even if a company ultimately intends to buy a machine, rental offers the option to try before you buy. Leave servicing and certification to the experts. Even well established companies may prefer to rent, thereby releasing capital to invest in the more lucrative parts of their operation.
Rental makes great sense when you need expensive equipment for only a short period of time. For example, you might need it to meet an order deadline, or you might need it for a once-only job. Renting equipment offers choice, flexibility, fast availability and the chance to save a lot of money
Bill Aitken, Managing Director, Red Rooster Industrial, 34 years of experience in the lifting equipment industry
Red Rooster Industrial – with over 25 years of experience, we specialise in the development, production, sale, rental, and service of lifting equipment. Serving clients in 36 countries, Red Rooster’s branches are located in Scotland, Poland, and England.
