Making the choice of whether to buy or rent material handling equipment in Indianapolis means you need to take a lot of factors into account. Especially for specialty equipment like Indianapolis scissor lifts, you’re going to want to take a hard look at your budget, the future of your business, and the logistics before you decide whether to buy or rent that aerial lift.
Take a look at the pros and cons of buying or renting scissor lifts and other aerial lifts, and get in touch with Indy’s material handling pros at Tynan Equipment by calling 317-597-4003.
The most obvious benefit of buying a scissor lift is the same benefit as buying a home instead of renting: you own it, and you have complete control over it. There’s no time limits on getting a job done, no returns and shipping to deal with, no logistics of getting in touch with a rental company, and no headaches.
If your business is going to make a lot of use over the aerial lift over the next few years, buying the lift is going to have a lower lifetime cost than renting over an equal amount of time, for the most part. That gives you more flexibility for the future when managing your entire material handling fleet.
When you own a scissor lift instead of renting, you also have an asset that’s yours. If you want to upgrade to a newer model, you can sell the one you have to help offset the cost.
Renting a scissor lift around Indianapolis has a lot of upside to it as well. With a lower upfront cost compared to buying, it gives you more flexibility with your immediate budget.
There are also some financial advantages to renting beyond the initial cost. Most rental plans come with maintenance plans, so upkeep and repairs don’t cost you anything extra. Depreciation also isn’t a concern since you won’t have a need to sell a rental lift.
Renting a scissor lift is the obvious choice if you only need it for a limited-time job, like construction or municipal work. You don’t have to worry about storage for a rental lift, either – helpful since larger aerial lifts can be a hassle to adequately store for long periods of time.
Rental aerial lifts make sense for the majority of our customers, but if you can guarantee that you’ll have work that requires the lift for the next several years, purchasing could have a bigger long-term upside. It all comes down to your company’s long term trajectory and situation.
Whether you’re looking to buy or rent an aerial lift anywhere in Indiana, Tynan Equipment Company is your source for Genie Aerial Lifts, Yale aerial lifts, and much more. Call us today at 317-597-4003 to see how we can help.
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