If you have been using an equipment hire for your crane truck needs, you may find that you have more jobs coming in. The increased number of jobs may leave you with issues like paying more for the equipment hire than you first budgeted. If this sounds like your situation, you might want to consider buying instead of renting. Here are three reasons buying your next crane truck may be an ideal solution and more budget friendly.
Lower Monthly Payments
Depending on the type of crane truck and accessories you are getting from the equipment hire, you may be facing large monthly rental payments and fees. In some cases, you can buy a used crane truck in good or better condition that has lower monthly payments. This can help your overall budget and still get you the truck you need. You can also find some newer models with extended warranty options that may come in lower than your current rental agreement payments.
When you use an equipment hire, you are going to get a warranty of some kind. These warranties usually consist of some kind of parts and maintenance coverage. However, they may not cover replacement parts or same day replacement crane trucks. This can set back your deadline and cause you to miss important deadlines with the contract. If you buy a new or used crane truck, you may be able to get a warranty that offers you replacement parts coverage. Some warranties and extended warranties on new and used crane trucks will also offer you a backup option of a replacement temporary crane truck until the repairs are made to your current one.
Lowered Liability Insurance
In some cases, owning your own crane truck and other equipment will help lower your liability insurance. When you rent equipment from an equipment hire, it may cause your liability insurance to rise. This is due to the equipment belonging and being maintained by a third party. If you own your own crane truck, handle the repairs either yourself or through a licensed mechanic, then your liability insurance may reduce causing your budget to reduce as well.
If you think that buying a crane truck is a better option for your needs, contact your local new and used crane truck dealer. They can help you find the right truck for your needs. They can also help with pricing and with other issues or questions you may have. Keep in mind that taking a total of how much you are spending on a monthly equipment hire bill for your crane truck needs may be helpful when trying to determine a good monthly paying on a purchasing contract.