Focus on Core Business:
-Invest your capital in your core business / niche.
-Service business - rent to meet customers other demands.
Less Down Time:
-Breakdowns are exchanged.
-Equipment is serviced every time it is used.
-Heavy Duty - not Consumer quality.
-No waiting for repairs as you do with your own equipment.
Faster - More Efficient Equipment
-Equipment is suited to each specific job.
-Brands that are regarded as industry leaders.
-Rental companies are forced to upgrade fleet everytime a more efficient model becomes available.
-See if a specific type or brand of equipment is well suited to your work before purchasing
Maintenance Free: -Free from the cost of filters, oil, sparkplugs, labour.
-Longevity of equipment is greatly reduced by not being serviced.
-Repairs associated with equipment that is allowed to sit unused.
-Model or brand obsolescence - parts.
Storage: -Cost of storage space, security of investment, insurance
Accounting Benifits:
-Rentals are an immeadiate write-off, purchased assets are depreciated.
-Rental equipment dosen't show as a liability - better asset ratio.