The ability of your company to take on and complete clients' projects depends significantly on the equipment that you have available to you. However, the price tag for new equipment can come at a cost that your cash flow cannot afford. You do not want to go into debt just to buy new machinery and tools.
Rather than forgo bidding on and completing lucrative client projects, you can instead lease equipment like hydraulic torque wrenches. If you have found yourself needing a hydraulic torque wrench but don't want to purchase one just yet, consider leasing one for the reasons below.
Access to Equipment
The main advantage that comes with renting a hydraulic torque wrench involves being able to bid on and complete important client projects that you would have otherwise missed out on. Being unable to bid on projects gives your competitors a chance to take on these projects. If you don't own specific tools or equipment that your competitors do, this puts you at a disadvantage. Renting equipment can solve this problem, especially if you're in a position where you aren't ready to purchase tools like a hydraulic torque wrench quite yet.
When you rent these wrenches, however, you can get immediate access to the equipment that you need with which to work. You can bid and take on projects that can garner significant amounts of revenue and make your business even more successful. This also gives you a chance to try the torque wrench out and see how you like it or how often you use it.
Short Term Payments
Another advantage that comes with renting a hydraulic torque wrench involves only paying on the equipment for as long as you need it. You are not on the proverbial hook to make long-term payments like you would on a loan. You only pay for the wrenches for as long as you need to use them.
Once you are finished using the hydraulic torque wrench, you can return it to the rental dealer settle your account with them. You pay a fraction of the price of what it would cost you to buy the wrenches outright. This lets you spare your cash flow for other expenses, rather than buying a new tool.
Finally, when you rent hydraulic torque wrenches, you leave the repair and maintenance to the equipment rental dealer. The dealer will service rental hydraulic torque wrenches so you avoid having to pay for those repairs out of your own pocket. The costs of repairs are covered in the monthly rental amount that the dealer charges you.
For more information on the advantages of opting for rental hydraulic torque wrenches, reach out to a local rental company.Share