When You Should Rent vs. Buy Bobcat Equipment
If you’re a contractor working in the Lone Star State, chances are you’ve operated construction equipment. If you have, you know you want the best equipment for your money. Whatever the job, and whatever your need, there’s no bigger or more respected name in compact construction equipment than Bobcat.
While Bobcat® equipment is famous for being reliable, user-friendly, and tough enough to excel on even the most challenging job sites, these powerful machines do require an investment. For this reason, many contractors choose to rent rather than purchase Bobcat construction vehicles and equipment.
While renting can be a viable option for many contracting companies, for others, it makes more financial sense to purchase. Let’s look at the pros and cons of renting versus purchasing, and help you decide which solution works best for you.
When Renting is a Better Option
If your to-do list includes an odd job that requires equipment that you don’t normally use, you need additional equipment to meet a deadline crunch or don’t have the capital to invest in a large purchase, renting might be more to your advantage.
By renting, you’ll be able to secure the tool you need to complete the job, whether that’s a Bobcat Skid-Steer Loader, a Bobcat Compact Track Loader, or a Bobcat Compact Excavator. Once the job has been tackled, you simply return the equipment. There’s no long-term investment, and many rental houses offer insurance, purchase of which can be added on to the cost of the rental itself.
In short, for out-of-the-ordinary tasks and short-term needs, renting can allow you to finish one job ASAP, then move on to the next one. At Compact Construction Equipment, Inc. — your home for Bobcat construction equipment in Texas — you can rent by the day, week or month. We also rent dozens of available attachments.
When You Should Consider a Purchase
If there’s a machine you use on almost every job, or that you rent and discover features functionality that can increase your productivity and quality of work, you might consider making a long-term commitment to buy construction equipment. While you’ll spend more money up-front than you would by renting, it doesn’t take long before renting a frequently used item becomes more expensive than the cost of an outright purchase — especially when you factor in insurance liabilities.
Buying equipment is also a good choice if you find yourself turning down work due to capacity issues. If you don’t have the equipment you need to complete a job despite customer demand, Bobcat construction equipment may be a wise investment. Besides, an increase in your business’ profits may very well absorb the cost of acquisition.
For example, if you’re contacted often about doing excavation work and have to decline, you should consider purchasing a compact excavator. If you choose to buy compact construction equipment, you can bid on more work and boost your capabilities. Financing your purchase and being able to budget for a fixed monthly payment can also help you bid jobs more effectively. Partnering with their local Bobcat dealer is just one way contractors across Texas work smarter without having to work harder.
A Word About Leasing
Let’s say you find yourself somewhere between these two scenarios. You do have a third option. You can also lease Bobcat equipment. Leasing is a perfect way to solve the issue of a long-term need that you don’t encounter day in and day out, allowing you to benefit from the use of construction equipment. At the end of the lease term, you can decide whether you’re ready to purchase or return the unit.
Having the best equipment at your disposal is one of the keys to running a successful contracting operation. Equally as important is being able to rely on a partner who stands behind the equipment they sell. You can trust Bobcat equipment to do the job, do it right, do it fast and do it even under the most strenuous conditions. At Compact Construction Equipment, Inc. we’re proud to be an authorized dealer of Bobcat equipment and parts, and, whether you choose to rent, lease or buy from us, we strive to make a positive impact on your business every day.
Power your business with Bobcat construction equipment. Give us a call at 855-480-7368 or stop by any of our Texas showrooms — conveniently located in Abilene, Alamo (the Rio Grande Valley), Amarillo, Austin, Buda, Corpus Christi, Kerrville, Lubbock, Marble Falls, Marion, Midland-Odessa, Pleasanton, San Antonio, Temple, Victoria, Waco, and Wichita Falls — today.