You’ve decided it’s time you got some serious equipment to take care of your facility’s cleaning needs. Maybe you’ve got some huge contract coming in, or you’re simply growing your enterprise’s capabilities. Perhaps you just need to replace your current cleaning equipment. So how do you decide if you should buy or rent the equipment you need?
With pros and cons to both, it pays to weigh your company’s current situation and capabilities, as well as your future plans, to arrive at the right answer. Here are some of the factors you need to bear in mind when considering buying or renting equipment from a Los Angeles floor scrubbers service provider.
Current financial status
Do you currently have the capacity to buy? If not, then renting might be the better option for you for now. That said, you also need to look beyond your current situation and calculate your costs over the span of several months or years. Although buying may be expensive initially, the cost of renting can rack up quickly, and over a time period, could end up costing you more.
It’s also important to calculate the cost of owning vs. the cost of renting. Owning generally comes with corresponding expenditures such as insurance fees, licensing fees, and maintenance costs. Renting, on the other hand, is typically an all-inclusive cost. There are also tax implications that need to be resolved for both.
In many buy-or-rent decisions, job frequency is often the deciding factor. If it’s a one-off or short-term cleaning job, then renting may make more sense. On the contrary, if you intend to use the equipment for a long time, then buying will be the better option for you.
Availability and usage
The biggest perk of equipment ownership is that it’s available for use whenever you need it. If there’s a cleaning emergency, your people can be on it at a moment’s notice and you can complete the task with less downtime. When you rent, there’s the potential risk that the machine will not be available when you need it.
If you’re not sure what to expect and are hesitant to make any kind of investment in cleaning equipment, providers of Los Angeles floor scrubber rental and sales like Total Clean Equipment can provide you with the guidance you need to arrive at the right decision for your particular situation.
(Source: Managing Equipment: Rent or Buy?, Facilities.net)