10 minute read
RENTAL OPPORTUNITIES
By Steve Swigert
Rental options for equipment are many at our stand is expensive no matter where you live or what purpose it will serve, and equipment rental eliminates the need alone rental locations of GP Rents in Ardmore, Davis, Norman and now Duncan! Rental equipment can fill in during an emergency or provide the flexibility you might need for your operation. Rentals can be an attractive option for many agricultural and construction operations, both large and small. What are the advantages of renting equipment versus purchasing equipment or maybe missing out on a job or opportunity by not doing anything at all?
1. No Need for the Up Front Investment
Equipment of all sizes can be very expensive, especially large equipment such as an excavator, track loader or a telehandler. They are large investments that might take several years to be able to justify the capital costs. Also, not having a large chunk of money tied up in a piece of capital equipment frees up funds for you to pursue opportunities or needs.
2. Decrease Long-run Expense
In many cases, companies have maintenance teams devoted to upkeep and regular service of their machines, which is necessary for fault-free operation. Mechanics must check fluids and hydraulics, service must happen regularly, parts must be changed, technology needs upgrading, sometimes leaks happen and the scheduling for usage and transport represents challenges. You can gauge rental fees, while the expense of maintenance and service in private ownership typically tends to be less predictable.
3. Avoid Storage, Transport Costs
Anyone who decides to purchase a new piece of equipment will need a short and long-term storage solution for it. Nobody wants to leave a vital piece of new equipment sitting out. Continuous exposure to the elements and a poorly ventilated storage space will degrade machine quality. Everyone realizes that space for long-term storage. Rentals can save you from the worry over logistics in transporting equipment from site to site, since you can simply have the rental equipment delivered and picked up when needed. It can help you respond faster to varied needs in different locations. Being able to place the right piece of equipment in the right place and for the right amount of time can streamline operations, shorten the workday and save money.
4. Save at Tax Time
While many circumstances apply to an individual business’ tax return, rental expenses are a deductible expense while purchased equipment is taxed at a depreciated rate over its lifetime, unless you are able to take advantage of Section 179 in the IRS tax code.
5. Reduce Waiting and its Associated Losses
Most owners and managers would agree that lost time at the job site eats into profit and deadline compliance, so it’s never good to have people waiting around on a piece of equipment to arrive or for it to be sitting idle because it stalled. When you have a rental agreement, it should be ready for delivery and pickup for the exact time frame you need. If you need a piece of farm equipment for a couple of weeks for pecan harvest or some other critical activity, you can get that. It can arrive when you start and leave when you finish. In addition, since professionals maintain and service the equipment, it is less likely to fail and waste job hours while an alternative is found and transported.
6. Track New Opportunities
Equipment rental can do just as much to increase business opportunity as it does to reduce operating expense. Once you factor in the possibility of renting a piece of specialty equipment, it opens the door to
Squeeze In: A Renting equipment provides customers and equipment operators to take advantage of a large variety of equipment that may be very specific in nature or to the job. The ability to utilize equipment that may not be used on a daily basis is one of the many benefits of using rental equipment. Here a Kubota SCL loads rock through a very narrow back yard gate. Photo Submitted By: Kubota Tractor Corporation
Built to get it done right. Any job. Any town. Built to get it done right. Any job. Any town.
RTV-X Hydraulic bed lift Diesel powered
RTV-X Hydraulic bed lift Diesel powered
855-4KUBOTA - GPKUBOTA.COM
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new possibilities through that capability. Maybe the job entails clearing brush or you are trying to harvest crops more efficiently, there are rental options that can cater to nearly any need.
8. Sharpen Your Competitive Edge
Many businesses are worried about the fact that it’s hard to compete against the big companies that have the nicest, newest, best machines while they, in comparison, make it work with older ones. Equipment rental can shift that age-old characteristic so that small competitors can procure the same type of equipment for jobs, if that’s what will win the work. If a client asks what machines you will use or about a key piece of equipment, you can rest assured knowing that you have access to a diverse and efficient fleet of machines, just like the bigger companies.
9. Eliminate Maintenance Headaches
Rentals provide a win-win cycle for business because experts maintain and service the equipment so it is less likely to malfunction or break down. If something does go awry, the customer can call those same experts to figure out what’s wrong. Renting equipment can alleviate you of the concern and organization required to accomplish proper training, maintenance, service and scheduling of the machine.
10. Get the Latest and Greatest
Equipment that features up-to-date technology can benefit a business greatly by bringing efficiency and specialization to the project. A piece of rental equipment can potentially do a few specialized jobs so much better than general equipment that you gain in time saved as well as wear and tear on the machines. Many businesses tend to make do with whatever machines are nearby and/or owned by the company, but equipment selection according to technology can potentially enable you to do many existing jobs with fewer pieces of machinery and in less time. In the same way quality rental equipment can help you better compete in the market, renting also helps you avoid any risk of your machines becoming unusable or obsolete. GP Rents continuously rotates machines off the fleet in order to have the most updated models and technology available so that you and your jobs benefit from the specialized capabilities.
11. Trying Out New or Specialty Equipment
Maybe your business looks to grow and you’d like to see how certain models of equipment, attachments and accessories work. You can get a preview by renting the equipment, which will give you a feel for how it works, the time it takes, its usability and other things that might affect a purchase decision. Also, you can rent equipment that you might only need for one use or one time, like grinding a stump or digging a ditch for a water line.
12. Adds Time to Your Day
Managing even one piece of heavy equipment takes time and skill, much less a small or large fleet of machines. When you rent, things such as fluid checks, service, maintenance, hours count, schedules, testing, parts and depreciation becomes someone else’s responsibility. Not only is it easier to let the professionals at GP Rents handle some of those logistics for you, but also it frees up your valuable time and saves money in many cases. When it comes to renting agricultural and construction equipment for your operation’s needs, GP Rents is here to serve you. Whether you are needing a tractor for pecan harvest or a skid steer to remove brush or maybe you need a backhoe to lay a water line, these are just a few of many choices available at the four "rental only" stores of GP Rents. For more information call GP Rents toll free at 833-iRentGP.
Great Plains living P.O. Box 876 Ada, OK 74821 855 - 4KUBOTA
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RTV520 17.4 HP VHT TransmissionRTV520 17.4 HP VHT Transmission
RTV520 17.4 HP VHT TransmissionRTV520 17.4 HP VHT TransmissionRTV520 17.4 HP VHT Transmission RTV520 17.4 HP VHT Transmission
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