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Just A Few of the BENEFITS OF RENTING and
Good Reasons to "Think
BROADWAY RENTAL"
In the past, renting carried a negative connotation
because people rented because they couldn't afford to do otherwise. Not
anymore! There's been a shift in this
attitude for various reasons. One reason is we're an impatient people and want
the best immediately! We've figured out
we can have the best immediately and change often if we wish just by RENTING!
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1. MINIMIZE INVENTORY RENTING
equipment that's considered "support" (occasional use) in nature as opposed to "production" (continual use) prevents
stocking a large inventory. In the case of large construction equipment, it requires over 60% time
utilization to make money. Contractors
that look at actual usage, discover they shouldn't own much of the fleet they
do.
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2. RIGHT EQUIPMENT FOR JOB RENTING
provides an opportunity to use the right piece of equipment, instead of
trying to make equipment you own do a job it wasn't intended to do. Usually work is done quicker, safer, with
better results & less collateral damage (eliminating hidden
costs of inefficiency due to use of wrong size or type of equipment & the
maintenance repairs incurred). Matching equipment to
application is the smart way to go!
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3. WAREHOUSING Use of RENTAL equipment eliminates need for
storage areas & bigger buildings thus, overhead in cost of doing business
is minimized.
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4. BREAKDOWNS Virtually all equipment is subject to occasional
breakdowns. When equipment breaks
down, idle time is minimized through RENTAL replacement & repair costs
are eliminated too!
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5. MAINTENANCE expense with RENTING is limited to normal daily & preventative
maintenance. RENTING
includes maintenance; No repair shop or spare parts inventory needed, No
mechanics to staff, No added maintenance payroll & No maintenance record
keeping!
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6. OUTDATED EQUIPMENT Owning equipment involves the risk of rising wages
& slower job completion time due to worn, obsolete models when better,
faster equipment is available to RENT. Renting
allows you to change often & keep up with trends!
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7. DISPOSAL COSTS Preparing used or obsolete equipment for resale
or liquidation involves advertising, expense & time you won't have, if
you RENT.
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8. COST CONTROL Knowing the true costs of owned equipment is
difficult. RENTED equipment offers you just one accounting cost figure, the RENTAL
invoice.
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9. INVENTORY CONTROL Having continuous billing on RENTED equipment
establishes accountability. Inventory loss due to theft is greatly minimized!
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10. REGISTRATIONS
/ INSPECTIONS / LICENSE Costs are completely eliminated on RENTED
equipment!
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11. CONSERVE CAPITAL By not buying
new equipment & reducing your fleet, you conserve capital & create an
expense line that flexes with volume of work. RENTING
equipment frees capital for other potentially more profitable uses!
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12. INCREASE BORROWING CAPACITY RENTING instead of buying makes
borrowing easier, giving a better ratio of assets to liabilities, since
equipment doesn't appear as a liability on balance sheet. The normal line of
bank credit isn't disturbed, an important asset in securing bonds for
construction work.
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13. TAXES The cost of RENTAL is a normal cost
of doing business. In most cases RENTAL costs are expensed, not depreciated, which can
reduce taxes.
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14. JOB COSTING A
RENTAL expense is very easy to assign to a specific job or client.
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15. LOWER EXPENSES RENTING allows you
to minimize insurance & finance costs.
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16. QUALITY RENTING gives you access to better quality of equipment than you may
be able to afford & it's often the newest technology available.
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17. SAVE TIME If equipment goes down, RENTAL equipment
delivered to jobsite saves on downtime at job.
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18. SECURITY When you RENT you only guard against theft when equipment's in your
possession.
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19. MINIMIZE IDLE TIME When you
combine owning often needed equipment with RENTING occasionally used equipment,
you minimize equipment idle time due to economic
or seasonal conditions. No more
equipment sitting around doing nothing!
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20. TRY IT OUT RENTING before you Buy is
a good way to check equipment purchases out & try different brands. Allowing you to use equipment at length before making
investment. In previous years if you wanted something you'd go buy it,
the novelty wearing off after a few weeks & then put away forgotten. Money wasted!
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21. SAVE PAYROLL With RENTING you don't have to keep full-time operators or repair
personnel on staff.
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22. MEET DEMAND RENTING
allows you to meet short term
(one time job & spur of the moment opportunities) & high peak (you don't carry enough) demands.
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23. PROJECT ENHANCEMENT Each project or job you bid on may have
different equipment requirements than what you carry. RENTING enlarges your
ability!
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24. CHANGING NEEDS Because you
only RENT when equipment's needed, RENTING'S great for people whose business
fluctuates, maybe moving, live out of area or their jobs change on a daily
basis.
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25. TRANSPORTATION When you RENT you don't
have to own additional vehicles, trailers or equipment
for transportation & set-up.
Broadway RENTAL delivers!
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26. SAFETY CHECKS are often
required after each use of equipment & most users are not qualified to do
it! Broadway RENTAL inspects after every RENTAL!
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27. EDUCATION & TRAINING When you RENT we show
you how to use equipment correctly.
Especially helpful when doing something new or for the
Do-It-Yourselfer!
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28. LOWER
INITIAL EXPENSE RENTING equipment
for a start up business allows you to pay less out of pocket initial expenses for down payments or cash purchases.
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29. REPAIRS on the
equipment you own can often be done by BROADWAY RENTAL! We carry a wide inventory of parts &
our staff has experience!
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30. EQUIPMENT
OPERATORS often times the job may be only a few
minutes long or you just don't have staff equipped & available call
BROADWAY RENTAL we offer Deliver, Setup, Takedown & Operators for much of
our equipment!
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31. ENVIRONMENTALY FRIENDLY RENTING from BROADWAY
RENTAL is the original GREEN thing to do!
RENTING is a great way to re-use equipment! Why buy when you can RENT?
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32. Think about it, RENTING makes sense and,
RENTING is smart!
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