If you own or operate any type of construction business, you know how important it is to have the right heavy equipment to do a job properly. The question is, should you rent or buy these pieces? Let’s compare heavy equipment rentals in Denver with the cost of buying them outright.
Avoid Upfront Costs
Buying heavy equipment takes capital that can sometimes take years to build up. This is hard when you’re first starting a business. Once you buy the pieces you need, that money is tied up in the equipment until you sell it. If you keep it for many years, you may not get that much when you do sell it. By renting, you’re freeing up money for other parts of your business.
Avoid Storage Costs
Once you buy heavy equipment, you’ll need a place to store it. You don’t want to risk leaving it out in the rain, sun, and heat. Storage space is pricey. By renting, you’ll avoid these costly issues.
Save on Your Taxes
Rental expenses can be deductible in many situations. When you purchase equipment, it can be taxed at a depreciated rate over time, which costs more in the long run. Renting is more flexible. It is typically viewed as a project expense and will qualify for a tax-deduction benefit.
In addition to all of these advantages, renting heavy equipment ensures that you’ll always have the most up-to-date models. You can find heavy equipment rentals in Denver by visiting All Seasons Rent-All at Allseasonsrentall.com.
