Should You Buy or Rent a Crane?

December 14, 2019

Should you buy or rent a crane in Cambridge? It can be difficult to determine which is right for your company, especially if you’re trying to budget carefully. There are many reasons to consider Crane Rental in Cambridge for your next project.

Saving money is the main reason companies evaluate whether to buy and rent a crane. For a company that anticipates taking on projects that need a crane for years, buying this piece of equipment might make sense.

For most companies, however, the need for a crane is periodical at best. Even a company that needs a crane for two to three projects a year is going to save huge amount by renting one on an as-required basis.

Renting a crane places the burden of insurance costs on the crane rental services company instead. If you rent the crane, you won’t have to pay an insurance premium. If a premium is needed, it will only be for the term of the rental.

Crane Rental Cambridge Ontario

Using a loaner also implies transporting the crane to and from the construction site are the responsibility of the rental agency. Your business might not have a crane operator on staff. A crane rental service provider also offers the opportunity for a business to rent a crane that is expertly operated by a fully-trained operator. You will save money hiring and training a full-time staff member.

Renting a crane enables you to use the right equipment for the specific job. Crane Rental in Cambridge also gives you the ability to rent different machines for different days and jobs, depending your needs. This improves efficiency and reduces additional expenses.

Another significant benefit of using the right specialized equipment reduces risk of injury to employees, as well as mishaps that can lead to downtime. Likewise, when the cranes on every job site are enrolled in an effective maintenance and repair program, there is less risk for serious malfunctions and safety violations.

While all heavy equipment needs routine maintenance, the complexity of a crane makes repairs and inspections even more essential. Preparing an employee to properly maintain and inspect a crane can take months, and creating a new position increases labor costs. While choosing a rental crane instead of purchasing one outright, you can negotiate on the maintenance contract that eliminates an item on your to-do list.