To rent or to buy.
Whether you’re a contractor, farm owner, or simply toying with the idea of investing in some new equipment for your company – this can be a tricky question to answer.
The fact is, everyone’s situation is different. And depending on the kind of excavator you’re looking at, chances are their finance deals will be very different too.
With that in mind, here are some pointers on how to make the best decision for you.
How often will you use your excavator?
This should be the guiding question behind your decision.
Generally, if you expect long-term use, i.e every week, or ongoing use over more than one season, you should at the very least consider purchasing your excavator outright or finding the finance to pay it off over the long term. Renting equipment can get expensive – especially if you find your projects are dragging out. …