Each has its pros and cons and whether you should buy lease or rent your construction equipment depends on its use your financial situation and the needs of the job.
Rent to own construction equipment.
If you re just getting into the construction business or have been relying on your own equipment to get by renting can certainly be a great option.
We outline the most common advantages and disadvantages for each option below.
We do trade in s finance and offer same day delivery options.
Get the best deal on construction equipment for sale or rent today.
How does rent to own work.
Schedule a free on site demo by calling 859 485 8500.
Groff tractor equipment has been serving the pennsylvania region since 1958 and is bound by agreements with our manufacturers to limit rental to own options to in territory customers only.
Purchasing equipment is straightforward enough.
When it comes to acquiring construction equipment for your commercial construction company there are a number of factors to consider when it comes time to decide whether you rent buy or lease.
And a multi purpose piece of equipment loaders excavators skid steers forklifts trucks etc that can be used for various projects is a great asset on any jobsite.
An agreement is signed at the time of rental that specifies a time period in which a percentage of the rental fees will be allocated toward the purchase of the machine.
The big advantage of owing your own equipment is that it s available to you 24 7 if you own it you control it as the saying goes.
Before renting anything though take the time to.
You buy it you own it.
The first thing to consider is how often the piece of equipment will be used.
If the renter decides to purchase the equipment during this period the agreed upon percentage of rental fees will be applied to the sale to reduce.