To rent or not to rent?
By Helen Wright17 October 2016
Would it be more economical to rent equipment or buy it? What are the advantages of renting anyway? To rent or not to rent? If these are the kind of questions that you are asking yourself, then IRN's new supplement exploring the rental business model would be a sensible read.
IRN’s supplement The Rewards of Rental is now available for subscribers to download free from KHL.com.
Aimed at contractors and other equipment end-users around the world, the supplement outlines the benefits of using rental as a business strategy – including operational efficiencies and allowing contractors to punch above their weight when bidding.
From cost factors such as removing asset burdens from a contractor’s balance sheet, to providing access to the most modern, safe and environmentally friendly equipment, The Rewards of Rental explores how renting equipment can help contractors avoid the cost and efficiency pitfalls of owning their own fleet.
The supplement also contains more information about the European Rental Association’s Total Cost of Ownership Calculator – a tool that offers contractors and other equipment users an easy to use, free online method to calculate the real total cost of owning and operating equipment.
Also include are lists and contact details for major rental companies around the world, including the biggest generalist renters and the biggest specialist companies. More information on rental associations can also be found in the supplement, as well as details of the extra services that many rental companies offer.
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Simply log-on with your registration details (it is free to register) to access the document.
The Rewards of Rental is also available inside the September/October issue of IRN, and in selected issues of International Construction and Construction Europe.