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The owner of XYZ Construction Company mentions to his equipment distributor that he is paying a local rental company $7,200 per year for a boom lift over a five-year period. (A new boom costs $50,000.) The owner asks if he should buy a lift instead of renting it. Many business owners face this question.

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14-6-2020· Buy or Lease Construction Equipment? By Concrete Construction Staff Download the PDF version of this article. (37.63 kB) The continuous need of contractors for efficient and up to date equipment to complete the thousands of dollars in concrete construction jobs they handle each year imposes an important question. Is it more ...

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Construction Equipment - When to Buy, Rent or Lease?

When mobilizing your construction equipment for a project site, the enigma whether to buy, rent or lease must be tackled in a very sane and judicious way. Important questions pertaining to the duration of the need for equipment, the number of hours it’d be working at sites and geographical suitability must be answered to come to a decision.

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