If you run a business that uses a lot of equipment, you’ve probably heard a lot of mixed advice about the pros and cons of renting versus buying. Many people believe that it’s always a smarter choice to buy, because then you own the equipment outright and don’t have to worry about paying continuous rental fees.
Buying is certainly a wise choice sometimes, but that doesn’t always hold true. As a business that offers equipment rental in Monroe, LA, we know when it’s smart to buy and when it’s smart to rent. Factors like convenience, money and time needed for the project all come into play when determining whether you’ll want to buy or rent your equipment.
Because we get asked so often about the benefits of party, wedding and construction equipment rental in Monroe, LA, we thought we’d put together a small guide. Here’s the case for renting rather than buying equipment for all your wedding, party and construction needs:
- Flexibility: There’s a reason why car lots let potential buyers go on test drives: sometimes, no matter how ideal something seems in theory, it just isn’t the right fit once you actually start using it. When purchasing wedding, party and construction equipment, you can test it out a bit, but you won’t get a real feel for how it works until you’re actually using it. Instead of dropping a serious amount of money on something that might not be what you want, it’s always a good idea to rent first. If you don’t like the equipment, it will at least be only temporary. If you do like it, you can always purchase it later with full confidence.
- One time only: If you only plan on using a piece of equipment for a short amount of time, renting is a no-brainer decision. Some people might get talked into buying because they think they’ll find new uses for the equipment, but be honest with yourself: will you really start throwing lavish parties every month, or doing construction projects every weekend? Unless you can answer “yes” wholeheartedly, it’s best to err on the safe side and stick to renting.
- Save on repairs and taxes: Some people dread paying occasional rental fees, but there are plenty of costs that go with owning equipment as well. Are you prepared to pay for insurance, taxes, repairs and other costs every year for the entire life of the equipment? Paying a flat rental fee instead will keep things easier and probably save you money. And if the equipment suddenly stops working, it’ll be someone else’s problem.
- Avoid hassle: If you’re throwing a big party or hosting a wedding, you have enough things on your plate to worry about. You don’t need the added stress of buying and owning new equipment. When you rent party equipment, you can usually depend on the rental company for delivery, pickup and cleaning.
If you have any questions about equipment rental in Monroe, LA, please don’t hesitate to give us a call anytime. We look forward to renting to you!