A major challenge facing companies is dealing with rising equipment costs. One key component to this is knowing whether to buy a piece of equipment or rent it, says Gregg Christensen, recently retired vice president of national accounts at United Rentals. Founded in 1997, the company is the largest equipment rental company in the world.
“If there is a consistent level of equipment utilization, based on future projections of workload that can be counted on — the sweet spot of utilization — purchasing is the way to go,” he says. “If there is a roller coaster of utilization, you’re probably better off renting.
Managing Rising Equipment Costs
Six tips from an industry expert can help you decide whether to rent or own certain pieces of your tool arsenal
Jan 25, 2021 | by Association of Equipment Manufacturers |
