Plant Equipment Hire vs Purchase - Which Is Best?

Plant Equipment Hire Versus a One-Off Purchase: The Benefits that You Need to Know

Industrial and commercial plants face a number of regular expenses and there can be times when it is challenging to uncover the most logical and cost-effective solutions. One perfect example of this observation can be seen during situations when a specific piece of equipment is required to complete a necessary task. Owners are often torn between using a professional plant equipment hire service or purchasing the unit outright. You might be surprised to learn that there are a number of benefits associated with hiring out such equipment on a flexible basis. Let us now take a look at some of the most profound advantages.

New and Up To Date Equipment

We always aim to ensure that our fleet of equipment here at Crossplant Hire is new and up to date, ensuring our fleet is less than three years old at all times. Not only is the equipment you'll be hiring new, but we'll be responsible for any servicing to keep it fresh and reliable; another responsibility you don’t need to worry about.

Taxation Concerns

Capital gains tax and similar surcharges can weigh heavily upon a company; particularly if the firm in question is operating within tight budgetary constraints. Plant hire companies are able to provide a decisive edge in terms of fees and rental costs. Funds that would have otherwise been devoted to satisfying taxation requirements can instead be channelled directly back into the core operations of the business.

Eliminating Storage Requirements

Storing large pieces of plant equipment such as waste tanks, portable water systems and fuel cubes can prove to represent a costly logistical concern; particularly if you do not possess sufficient on-site space. You will likely be required to obtain a long-term storage solution and this can be associated with an additional financial burden. In terms of professional plant equipment hire, you can simply return the product to the supplier when it is no longer needed. Storage problems are therefore removed from the equation.

Bespoke Rental Solutions

There are many instances when a specific category of equipment needs to be implemented for a one-off task or for only a few months at a time. It makes little sense to purchase the unit outright, as it could soon represent yet another piece of machinery that is obsolete in regards to your needs. Hiring out this very same equipment enables you to obtain the right services at the appropriate times.

Quality Equipment

One confounding issue that is often associated with an outright purchase is that the plant in question is responsible for all upkeep and maintenance responsibilities. This can be challenging if you and your team are focused on day-to-day operations. Plant hire companies such as Cross Plant take a great deal of pride in all of the machines which are provided to the end user. They are kept in top condition and user maintenance concerns are taken out of the loop.

Competitive Pricing

Perhaps the most profound advantage from both a short- and long-term point of view involves the prices associated with a bespoke equipment hire service. Thanks to flexible prices and malleable rental agreements, you can rest assured in the knowledge that your funds are being used in the correct manner. You will not be forced to make massive down payments or to be responsible for costly and unexpected repairs. This is arguably the most attractive quality associated with any plant hire firm.

Do you own a large industrial organisation or have you recently begun enterprise-level operations? Regardless of the size or scope of your business, the fact of the matter is that opting for professional and reliable plant equipment hire is the best way to obtain the latest machinery at rock-bottom pricing packages. If you would like to learn more about the options offered through Cross Plant Hire, give us a call today on 0161 401 0000!