Companies renting equipment and vehicles are growing trends in the construction industry. What’s caused the uptick?
Compliance
Every state has a set of emission standards that businesses and vehicles should follow. When you don’t follow them, you are liable for fines and charges – as well as a reduced amount of access to some areas that have low-emission areas.
Any trucks with old engines are more likely to be inappropriate. Work truck rentals will make sure you’ll meet the required emissions.
Expanded Services
Experiencing a growing business is exciting. One thing that can help is the ability to rent bigger trucks when you need them — and return them when you don’t. For example, a rental truck can make a huge difference if you want to extend your business to include landscaping, guttering, or any home service.
Break down
Older trucks and vehicles always run the risk of breaking down. Using a rental truck should guarantee it doesn’t happen. Every time the vehicle gets hired out and returned, it must be inspected and cleaned. It’s not always done in personal vehicles, so the breakdown chances are greater.
Resale
For many owners, reselling second-hand construction trucks is a struggle. When a truck leaves the lot, depreciation begins and it quickly multiples.
Because market prices constantly fluctuate, considering the ramifications of receiving a significantly lesser return when paying large amounts when the truck is first purchased. If your truck is an outdated model and doesn’t satisfy the criteria of modern and updated machinery, the risk is considerably higher.
Storage
The importance of proper truck storage may be surprising, but creating and maintaining a storage space can be challenging. Space and land are costly. Repair and maintenance is expensive.
Furthermore, since your truck is prone to deterioration when exposed to harsh temperatures or climates, make sure storage conditions are appropriate. Regarding rentals, there is nothing to be concerned about. They take care of everything, from storage to driving the truck to the location.
Maintenance
Maintenance costs become the responsibility of the truck rental company and it can be considerable. Every truck owned needs to be in good working order. Yearly checks and the cost of repairs to ensure those driving the tucks are are safe imperative
Renting trucks has many benefits for construction bosses. It can help keep business costs down, streamline cash flow, and help maintain a proper budget. Cash flow proper budget are keys to business success.
Article Last Updated: November 11, 2023.