Did you know that purchasing equipment as a small business can run you over $100k?
Equipment costs are one of the hardest parts of starting a business. However, you don’t necessarily have to invest that kind of cash.
Whether you are a contractor or a homeowner, renting tools from your DR Power Superstore can be a better option than buying them.
Keep reading for 4 reasons to consider renting tools and equipment.
1. Save Money
This is the most obvious reason to rent tools as opposed to buying them.
If they are only something you are planning to use once or twice and will not need on a regular basis, there is no reason to purchase them. Renting will save money for both individuals and contracting companies. DR Power Superstore’s rental rates start as low as $35 per day on some equipment.
If you are doing it yourself, there’s even less of a chance that you will need the tool on a regular basis. Even if you are a contractor who might need it often, renting can be less expensive and can save you some serious cash.
Buying your own tools will put you in long-term debt. Renting will improve your financial outlook and increase your borrowing potential in the eyes of lenders.
2. Access to the Best Tools
When you rent instead of buy, you’ll always be sure you are using the correct tool for the job. We have a variety of tools and equipment to fit any job at your DR Power Superstore.
For businesses, the most expensive job cost is labor, so using the right tools will make your labor more productive. Also, renting instead of buying means you have access to the latest and most up to date tools and equipment.
When you purchase your own tools, you will be stuck with that technology for a while. Having the newest innovations will increase your productivity.
Sometimes, projects will take place in designated quiet zones where you will have to use battery operated tools. Chances are, you won’t use these often, so renting them is your best bet.
3. Avoiding Taxes and Fines
Depending on where you work, you may be subject to strict emissions standards.
Maintain those standards with heavy-duty equipment can be difficult. You can incur fines or damage to your reputation if you fail.
The rental company will have the responsibility in this case as opposed to the business.
Also, depending on what type of business you have, your rental expenses might be tax deductible. Equipment that you purchase will be taxed with a lifetime depreciation rate.
4. When You Lack Storage
Let’s face it, storing tools and equipment takes a lot of space.
Many businesses and individuals don’t have the space to store these items when they aren’t being used. If you don’t have a safe and secure storage space, you might have to worry about theft.
Start Renting Tools
As you can see, there are many benefits to renting tools for both businesses and individuals.
Check out our selection of DR Power tools and equipment available for rental and contact us today to get started renting tools.