Advantages of renting construction hoists and mast climbing work platforms

Dealer equipment rental programs offer many of the same advantages or benefits of lease programs, with three major distinguishing characteristics:

The contract period for rental provides complete flexibility, with contract periods as brief as a day, week or month up to one year. However, it is important to note that as rental terms extend, the economic benefits diminish;

Rental equipment like construction hoists includes the provision for maintenance unless special provisions are made to the contrary.

Advantages of leasing construction hoists and mast climbing work platforms

Leasing offers several advantages not available with ownership. Operating leases: these leases encourage a more orderly planned equipment replacement cycle, before maintenance costs become excessive. Leasing also eliminates used equipment disposal problems for the user. Capital leases: these leases serve a purpose similar to a loan and may be purchased at the end of the lease for $1.00 or a pre-set dollar amount.

Leasing provides a method of obtaining efficient cost-saving equipment that cannot be purchased with fixed operating budgets. As a rule, it is usually easier to gain approval for equipment under a lease program than as a capital expenditure.

Financial advantages

A properly structured lease can provide many financial advantages to the lessee. It can free working capital for other investments while not affecting the customer's borrowing power or credit line. Lease payments may provide a tax-deductible business expense, reducing tax liabilities.

Some of the biggest advantages of leasing:

• Opportunity to reduce operating expenses by replacing over-aged equipment without a large capital outlay;
• Establishment of realistic replacement schedules;
• Standardization;
• Simplified one-page application process on many purchases (without financials).

The typical over-aged fleet is a reflection of changes in past procurement policies. They usually have several makes of equipment, overlap in parts inventories to support the variety of equipment types, and have inefficiencies that stem from an inability to interchange equipment.

Leasing reduces administrative requirements

Finally, leasing simplifies budgeting, bookkeeping and accounting because it greatly reduces paperwork and administrative requirements. At the same time, records can be enhanced to provide information on equipment utilization and projections for equipment replacement timing. In considering a lease, remember that options may be incorporated into the plan to give users a variety of alternatives at the conclusion of the contract period.

There are many leasing firms on the market. Distributors and contractors are free to proceed through any company they would decide to. One of Hydro Mobile's preferred leasing firm is called LeaseSource (http://www.leasesource.net/hydro.html)¹. Because of the fact that this company has worked with many of Hydro Mobile's customers and knows the products, they could be a good place to start. You can click here to reach their Website and get more information.

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¹Hydro Mobile is not affiliated in any way with LeaseSource and cannot be held responsible for any transaction made through this company.