Maximizing profit by choosing between renting and owning equipment

Sep 8, 2022

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Maximizing profit by choosing between renting and owning equipment

Just like with all heavy machinery, the decision to obtain a piece of equipment is not an easy one. Specifically, the decision between buying or renting crushing equipment as it could mean the difference between straining your company cash flow and turning a meaningful profit.

Initial Questions to Ask Yourself

What is my company’s existing finances?

What would be the length and frequency of use?

What are short-term and long-term costs associated with this equipment?

There are other questions that might be specific to your job site or needs, so make sure you have a concrete understanding of what you need. If you are still unsure, it’s important to know who to reach out to with questions, both internally and externally.

Buying

Pros

Financing options are able to ease the acquisition.

Depending on the nature of your crushing operations, it is likely in your best interest to buy crusher equipment for long-term jobs or if you see your company needing regular, repeated use of a certain machine.

The machine that you purchase is available whenever it is needed to be used.

If you employ well-trained team members, buying and maintaining crusher equipment may be no costlier than renting regularly serviced equipment. Employing team members on site could resolve the unexpected quicker than waiting on service from your rental partner.

You could decide to resell your portable plant or even rent it out yourself to maximize the value of the equipment over the course of its lifetime.

 

Cons

Unless your job requires it, buying crusher equipment usually requires a larger investment than renting.

You will be responsible for all maintenance and wear parts while that may not be the case in a rental.

 

Renting

Pros

Renting can allow for a smaller initial investment.

It is likely more appropriate for short-term jobs.

Rental cost may be applied toward purchase if utilizing a RPO (Rental Purchase Option).

 

Cons

The costs of renting could eventually eclipse the outright purchase of the same crusher equipment depending on the length of the job.

Relying on renting may present unexpected downtime when the demands of other companies render your desired equipment unavailable

Depending on the job length and frequency of use, rental costs could add up over time.

 

Making the Decision

Ultimately, all of these variables and more should be explored when it comes time to invest in crusher equipment. If you are interested in buying or renting from Eagle Crusher’s comprehensive line of crusher products, we encourage you to contact our sales team for more information or reach out to our network of distributors.

 

Previous Posts

CONEXPO-CON/AGG Preparation

The 6-month mark to CONEXPO-CON/AGG has officially been passed, but your preparations shouldn’t be at a stand-still. Now is the time to check these items off your list to relieve you from the stress of planning and to save the most money. It’s easy to stay...

The Power of the Jaw Crusher

The Power of the Jaw Crusher While there are many different types of crushers to accomplish a variety of tasks, they generally fall within two types, impact crushers and compression crushers. One of the most common compression crushers on the market today are jaw...

Optimizing Hopper Feeder Safety

Optimizing Hopper Feeder Safety No matter how well crushing machines are designed to protect their operators from injury, manufacturers can never completely safeguard for moments of error, oversight, and even disregard. While it may be tempting to cut corners in order...

The Importance of Asphalt Recycling and Crushing

The Importance of Asphalt Recycling and Crushing We are all familiar with asphalt, driving on 4 million miles of road in the continuous United States, but did you know about the reclaiming asphalt pavement (RAP) process and how it saves you millions of dollars in...

Caring For Your Crusher Wear Parts

Caring for your crusher wear parts      You just spent lot of money on a crusher, so you don’t want to keep spending more money on frequent parts replacements. Parts aren’t cheap and those that are have an increased chance of causing more issues to the overall...

Which Blow Bars Are Right For You?

Which blow bars are right for your job? Blow bars are thick slabs of metal, typically some mixture of chrome, that are cast for the purpose of effectively breaking apart material like asphalt, concrete, limestone, etc. Often in sets of 3 or 4, blow bars are inserted...

Mobile Vs Portable Rock Crushers: The Pros and Cons

Mobile Vs Portable Rock Crushers: The Pros and Cons We all know that different material processing jobs present unique challenges and with the current world market, buying the right crushing equipment is critical to keeping your company up and crushing. One of the...

Staying Safe During Warm Weather Crushing

Staying Safe During Warm Weather Crushing As the summer months roll in, bringing higher temperatures and more sun exposure with it, operating portable crushing and screening plants at outdoor locations can become more demanding and introduce new safety hazards to team...

Why It Is Important To Have Critical Spares On Hand

Why It Is Important To Have Critical Spares On Hand Downtime is the enemy to productivity when you have a job to do, so you want to be prepared by keeping critical spares on hand. Having critical spares on hand allows for the minimal downtime of replacing the part in...

What Are Crushers?

What Are Crushers? Crushers are machines designed to reduce large materials, typically rocks, concrete or asphalt, into smaller materials for purposes of sizing, recycling, reduction, and more. These crushers are typically found in quarries, mines, recycling...

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