While obtaining construction equipment for a construction business, there are several factors that must be considered when it’s time to decide whether you need to buy, rent or lease. The first thing to consider is how frequent an equipment will be utilized. You must look at your present workload and needs along with any and all probable future needs. If you have a requirement where the equipment must be used more than 60% of the time, it is best you opt for buying. However, if you are planning on using it occasionally or for fewer projects, you might consider renting. Some additional factors to be taken into consideration are resale value, depreciation, working capital, maintenance and repairs, other associated costs, and equipment transportation. Renting Construction Equipment Renting equipment offers maximum flexibility. It allows you to pay just for the equipment you will be using for a certain period of time. This is often a boon to small scale companies, like sub...