Sometimes renting equipment for a job is a good option. But there comes a time when making an outright purchase would be better.
Material and equipment prices are particularly volatile right now, creating a challenge for businesses. To stay the course consider what you can control versus what you can’t.
If some of your work entails using heavy equipment, when is it a good time to get away from renting and move toward the ownership route on a machine? Here’s a list of factors to help guide the decision.
When it comes to timing the replacement of worn-out equipment, using some intuition is fine, but you’ll get the best results if hard data is backing up your decisions