Are you about to embark on a construction project and still not sure if you should rent or buy a crane? It doesn’t matter if it’s a long-term or short-term plan, choosing what to do in this situation can save you a lot of time and costs.

As with every other decision regarding project planning, you must take into consideration various factors when deciding if going for a crane rental or purchasing one can bring benefits to your company and how this will aid with the successful development and finalization of every project you have lined up.

One of the most important questions that must be asked about buying a crane is whether you feel ready to be the owner of a machine that requires thorough maintenance; this is a serious commitment that can put quite some pressure on you if you don’t feel prepared for it. On the other hand, renting a crane frees you from the responsibility of having to take care of unanticipated inconveniences since this is a duty that has to be performed by the hired crane crew.

There are certainly pros and cons to each of these options. Not everything about investing in a crane has negative outcomes, and hiring crane rentals might not be the best alternative in particular cases. It all depends on what exactly you’re looking for.

Renting vs buying a crane

The benefits of renting a crane include:

• Cutting on expenses: this is especially true if your company doesn’t work on numerous projects throughout the year but only on specific ones. However, if your case is the opposite, buying a crane will be more cost-effective.

• Space for storage: cranes are large machines that need a lot of space to be stored. By renting them you don’t have to worry about this. The rental company will be in charge of it.

• Better safety on the job site: cranes require skilled workers to operate them safely and efficiently to avoid accidents on the work site, so if you don’t have the time to go through all the processes that involve owning a crane, a rental company will provide you with an experienced crane crew that meets all these requirements.

Some of the advantages of buying a crane are:

• Full Availability: when you purchase a crane you get full-time access to it, making you less dependent on rental companies.

• Potential rental: eventually, after complying with all legal requirements and having a complete crane crew, you could start offering your crane for rental services.

• Future profits: if you decide to sell your crane, you might secure a good amount of money in the future.

 

We have the best crane rentals for you

From our experience, we can say that most companies decide to rent cranes, and at AME, we have the best options for you. Contact us for more information.