September 7, 2009 - The European Rental Association, the main representative associative body for the equipment rental sector in Europe, has published an extensive list of ‘reasons to rent’. Its arguments for the benefits of renting versus buying are compelling. The ERA also provides a ‘Rent Versus Buy Calculator’ for download on its website.
REASONS TO RENT
Finance
“Because the fleet is not used all the time”
Renting helps to avoid the burden of excessive investment, maintenance and other costs. Renting provides you with the equipment when you need it and so is more efficient than purchasing and watching your assets depreciate in value while they are not in use, thus improving your balance sheet. Furthermore there are fiscal incentives in some European countries to renting too!
Product
“The right product when you need it”
The equipment rental industry has the specific product for the specific job leading to efficiency gains. Equipment is regularly maintained and renting ensures a high quality and reliability of the product when on site.
Service
“You use it when you need it”
Renting provides you and your business with flexibility allowing you to rent for the short, medium and long-term. Services include trained and experience professionals using the correct machines for your situation and tasks. They are also able to undertake on-site repairs further reducing your costs.
Norms & Regulation
“Be safe, just rent it, avoid the risk”
The industry is well regulated and controlled providing you with peace of mind. Furthermore the outsourcing of product responsibility and legal compliance costs means that your risk is minimised.
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To see this in its original context or to download the Rent Versus Buy Calculator, visit the ERA website .
