If you run a business like a building contracting firm then you have two choices when it comes to the equipment that you need to be able to perform the work properly. You can either buy the equipment outright and this means that all of your capital is tied up in all of this or you can take the other option which is to rent it for the duration that you need it and then you give it back. There is also the added benefit of being able to try things out before you buy them yourself and so this is why machine hire has become incredibly popular all over the country.
If you are not familiar with Machine rental (known as เช่าเครื่องจักร in Thai) then you should know that it allows you to avoid any unnecessary expense and especially when it comes to pieces of machinery that you’re only going to use maybe three or four times a year. If you were to purchase this piece of equipment outright then it would be sitting in your business yard not been used and depreciating the whole time. If you’re still not sold on the benefits of renting a machine rather than buying it, then maybe the following can help you to make smarter business decisions.
- It saves lots of money – These are the words every business owner wants to hear and by renting for the duration, you get to keep all of your capital in the bank where it belongs. There will be building contracts that come long that require a specific piece of machinery and this is machinery that you’re probably never going to use again. It wouldn’t make sound financial sense to purchase it out right and so this is why it is so much better to rent it for the day or longer.
- It saves you space – Large pieces of machinery and equipment take up a lot of room in an already shrinking business environment and so by being able to rent your machinery, you use it and then it is taken back to the company who rent it to you in the first place. It is also they would take care of any essential maintenance that is needed.
- Try before you buy – If there is a piece of machinery that you definitely will be using a lot throughout your business year then it’s likely that there are many different models to choose from. The good news about renting is that you can try first and figure out which one it is that you would like to buy outright. This means that you’re not wasting your money on a model that isn’t suitable for your business needs.
Hopefully these three reasons can encourage you to hire the machinery that you need rather than purchasing it.