Why Scissor Lifts for Hire are better than Buying Your Own

You know you need a scissor lift on an upcoming job but now you aren’t sure whether it would be worthwhile to buy your own on lease for ongoing jobs or simply hire on a job to job basis. Let us help you decide.

We have covered the hire vs buy topic in a couple of other articles before such as Why Hiring is Cost Effective or Should I Hire or Buy Construction Equipment? but in case you missed those articles (feel free to check them out now for a more in-depth opinion!) we will cover the top points here:

HIRING A SCISSOR LIFT

Pros

  • Frees up cash flow
  • Rentals aren’t liabilities whereas an equipment lease is – making it easier to apply for a loan
  • Frees up resources
  • Keep up with technology with up to date equipment
  • Allows equipment to be on more than one job at a time
  • Various type of equipment can be hired to increase efficiency on each job

Cons

  • Project/Job costs appear more expensive
  • Rental costs add up over time

BUYING A SCISSOR LIFT

Pros

  • Once machine is paid off rental costs are eliminated

Cons

  • Requires maintenance and servicing
  • Machines can sit idle in periods of low demand
  • Requires transport abilities
  • Ties up capital
  • Not all jobs will need the same type of equipment

Now you be the judge…..and if second-hand equipment purchasing seems more appealing check out that option HERE as well.

Interested in hiring? Request a Quick Quote from the form below!

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