Bucket and Digger Derrick trucks are versatile, valuable pieces of industrial equipment used across many industries. For many companies, incorporating a boom truck in to their fleet is a great way to expand the business.
Deciding whether to buy or rent a boom truck can be a confusing process; however, making the right decision for your company is vital to ensuring your receive the maximum return on investment. There are several factors to consider when making this decision, including what the company’s long-term goals are, and what the business’s financial situation is.
The first factor to consider in the decision to buy or rent a boom truck is what the long-term goals are for the truck, specifically regarding frequency of use. Companies that are planning to use the truck sporadically, or throughout the lifespan of a singular project, are typically better of renting. However, companies that use boom trucks in their day-to-day operations, such as power companies, and will be using the truck on long-term or multiple projects, are better off buying. For these companies, the initial cost of buying the truck will eventually give way to the additional profit generated by the new projects that come in as a result of owning the truck.
Another important factor to consider when deciding to rent or buy a boom truck is the company’s financial situation. When buying a truck, companies must shoulder more expenses at the beginning than those renting. While owning a truck eventually leads to fewer expenses in the long-term, buying one upfront is still a long-term, financial commitment. Additionally, buying a truck means that all maintenance and repair costs are the company’s responsibility. Before deciding to buy, a company should consider whether they’re in the financial position to shoulder the responsibility of purchasing the equipment, as well as funding the equipment’s upkeep.
Atlas Truck Sales: Your Source for Quality Boom Trucks
Atlas Truck Sales specializes in the sale and rental of quality, reconditioned bucket trucks, and digger derrick trucks. Let our experienced team help your company make the right decision when it comes to buying or renting a boom truck.