Renting vs. Buying a Mobile Crane
Mobile Cranes | Jul 5 / 23
Choosing between renting vs. buying a mobile crane can be a critical decision for many businesses. Each approach offers its unique advantages and potential drawbacks. In this article, the experts at TNT Crane & Rigging will explore the details further and help you make the best decision for your project needs.
Mobile Crane Rental Advantages
Renting a mobile crane comes with several advantages, including flexibility, better cost-effectiveness and budgeting, and lower maintenance costs.
Flexibility
One of the primary benefits of a crane rental is the flexibility it offers. Depending on the project at hand, you may need different types of cranes. Renting allows you to select the exact crane type needed for a specific job, improving efficiency and safety.
Speaking of safety, operating a crane should only be done by vetted experts because issues like weather conditions can severely impact overall safety.
Cost-Effectiveness
Renting a crane is typically more cost-effective for short-term projects or businesses with infrequent lifting requirements. With rental services, you only pay for the time you need the crane, avoiding the long-term financial commitment of purchasing. Also, there is no need to keep a professional crane operator on the payroll.
Maintenance and Upkeep
When you rent a crane, the maintenance and upkeep are the responsibility of the rental company. This can significantly reduce your company’s operating expenses and potential liabilities, as you will not have to worry about routine maintenance or unexpected breakdowns.
Buying a Mobile Crane
The main question you will need to answer is whether or not buying a mobile crane is worth it. The answer lies in your specific use and the projects you will use it on. Here are some general facts about buying a crane.
Depreciation
Every piece of equipment depreciates over time, and so will your crane. As soon as you buy it, it will start to depreciate. Used cranes will not make up for the initial cost, and selling them later can be a real hassle and you will not be able to recover the initial investment.
Upfront Costs and Maintenance
The initial purchase of a mobile crane can be a considerable investment, potentially impacting a company’s cash flow. Additionally, owning a crane comes with the responsibility of regular maintenance and repairs, which can be costly and time-consuming.
Types of Mobile Cranes
Types of mobile cranes and their uses vary greatly. Before deciding you want to go the route of buying one for your company, you need to research the different types of mobile cranes and their uses to ensure you select the right one, as buying the wrong one could impact the future of your company.
Deciding to Rent a Crane or Buy It
As stated above, you might save a lot more money by just renting a mobile crane when you need it instead of buying such a heavy piece of equipment. There is also the issue of finding operators and performing routine maintenance. If a crane breaks down, you will have to consider renting a replacement anyway.
At TNT Crane & Rigging, we offer comprehensive crane rental services and provide expert guidance in planning complex lifting projects, ensuring your projects are handled safely and efficiently. Do not hesitate to get in touch or to request a quote by filling out our web form if you have a project in mind.
Choosing between renting vs. buying a mobile crane can be a critical decision for many businesses. Each approach offers its unique advantages and potential drawbacks. In this article, the experts at TNT Crane & Rigging will explore the details further and help you make the best decision for your project needs.
Mobile Crane Rental Advantages
Renting a mobile crane comes with several advantages, including flexibility, better cost-effectiveness and budgeting, and lower maintenance costs.
Flexibility
One of the primary benefits of a crane rental is the flexibility it offers. Depending on the project at hand, you may need different types of cranes. Renting allows you to select the exact crane type needed for a specific job, improving efficiency and safety.
Speaking of safety, operating a crane should only be done by vetted experts because issues like weather conditions can severely impact overall safety.
Cost-Effectiveness
Renting a crane is typically more cost-effective for short-term projects or businesses with infrequent lifting requirements. With rental services, you only pay for the time you need the crane, avoiding the long-term financial commitment of purchasing. Also, there is no need to keep a professional crane operator on the payroll.
Maintenance and Upkeep
When you rent a crane, the maintenance and upkeep are the responsibility of the rental company. This can significantly reduce your company’s operating expenses and potential liabilities, as you will not have to worry about routine maintenance or unexpected breakdowns.
Buying a Mobile Crane
The main question you will need to answer is whether or not buying a mobile crane is worth it. The answer lies in your specific use and the projects you will use it on. Here are some general facts about buying a crane.
Depreciation
Every piece of equipment depreciates over time, and so will your crane. As soon as you buy it, it will start to depreciate. Used cranes will not make up for the initial cost, and selling them later can be a real hassle and you will not be able to recover the initial investment.
Upfront Costs and Maintenance
The initial purchase of a mobile crane can be a considerable investment, potentially impacting a company’s cash flow. Additionally, owning a crane comes with the responsibility of regular maintenance and repairs, which can be costly and time-consuming.
Types of Mobile Cranes
Types of mobile cranes and their uses vary greatly. Before deciding you want to go the route of buying one for your company, you need to research the different types of mobile cranes and their uses to ensure you select the right one, as buying the wrong one could impact the future of your company.
Deciding to Rent a Crane or Buy It
As stated above, you might save a lot more money by just renting a mobile crane when you need it instead of buying such a heavy piece of equipment. There is also the issue of finding operators and performing routine maintenance. If a crane breaks down, you will have to consider renting a replacement anyway.
At TNT Crane & Rigging, we offer comprehensive crane rental services and provide expert guidance in planning complex lifting projects, ensuring your projects are handled safely and efficiently. Do not hesitate to get in touch or to request a quote by filling out our web form if you have a project in mind.
Let’s connect about your upcoming project