Does your next project require traffic equipment? You could go out and buy it, or you could reach out to the Universal Group and rent everything you need! Besides the opportunity to partner with traffic management experts who can offer advice and excellent customer service, here are five reasons to rent (not buy) your traffic equipment needs.
- Minimize initial expenses
The start of a new project is rarely a convenient time for added expenses. While some are necessary, large initial expenses for equipment purchases can be avoided by renting what you need. Also, it may not be clear what’s needed until the project is fully under way. Renting equipment can protect you from unnecessary expenditures on equipment that might not be right for the job.
- Expand your inventory
The scope and pace of work often change between projects and it’s difficult to know precisely what your equipment needs will be, and when. Even if you own some equipment, it can be difficult to manage your inventory when projects overlap. Renting equipment immediately expands your inventory so you can always be sure you’ll have what you need when you need it.
- Get the latest upgrades
Perhaps you have the resources to head to a warehouse and buy top of the line equipment. But how long will it be top of the line? Technology and manufacturing moves quickly, which is great for equipment innovation, but can make upgrades difficult to manage. Renting equipment is the best way to gain access to the latest and greatest without having to purchase new equipment every few months.
- Avoid transportation and storage hassles
If you’re not used to hauling a solar-powered message board, transporting it can transform into project delays, increased risk, and added costs. Or perhaps you are used to hauling equipment but you’ve already got enough on your plate, you don’t have a place to store it, or it’s simply not on the list to get done that day. Whatever your reasons, renting equipment is a great way to avoid the hassle.
- Avoid maintenance and repair costs
Equipment is high maintenance. It needs to be tested, cleaned and maintained in tip-top shape. Even then, every once in a while, it breaks down. Renting equipment allows you to avoid the costs of maintenance and repair while ensuring you always have access to equipment in great condition and a team ready to back it up.
- Optimize cash flow and tax benefits
Predictable cash flows are vital for healthy business budgets which makes pre-determined rental expenses an attractive alternative to a large one-time expense that depreciates quickly. This leaves working capital for day-to-day, expansion, or other business-related expenses. Expenses is a keyword as opposed to debt. Leasing or renting equipment, rather than financing it, keeps debt off your balance sheet. Businesses can also deduct rental payments against current earnings. Win-win!
Ready to rent your traffic equipment needs? Contact us to learn more!