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Why Choose Construction Machinery Rental Services Over Buying

At a Glance

The UK construction margins are poor, making it difficult to own equipment due to high upfront costs, ongoing maintenance and depreciation. Renting machinery allows for lower capital investment, access to the latest technology and operational flexibility. Hiring construction vehicles is the more cost-effective and practical option for most developers. 

Hiring or Owning Construction Vehicles - What’s the Better Option for Developers

The construction industry is cost-intensive due to the need for expensive materials and the rising cost of labour. Inflation has also played a part in making the average construction sector profit margin a mere 1.7%. This number is the lowest in the world, making it financially challenging for the UK development companies. 

One major area of expense for contractors is purchasing construction vehicles, which will considerably increase if you’re looking for more advanced machinery. However, unlike aggregates and other construction materials and labourers, construction vehicles offer you a chance to save money.

Our construction machinery rental services allow you to access advanced fleets and machinery, including 360-degree excavators, 44T tipper trucks and crushers, among others. Hiring construction vehicles can help you save money while providing you access to the most advanced equipment. This will improve your bottom line without sacrificing your project timeline or exceeding your budget.

At Storefield Aggregates, we work with contractors across Northamptonshire and help with renting heavy machinery. You can email or call our team for more details. 

Benefits of Hiring Construction Vehicles

Renting construction machinery from a reputable provider offers several benefits over buying. Are you still not convinced? Let us explore some advantages of working with construction machinery rental services like Storefield:

Affordable

Every project requires different machinery and anticipating and buying a new vehicle for each project is not feasible and can be costly. By choosing to hire construction vehicles, you can reduce your capital expenditure and maintenance costs.

Maintaining construction equipment and vehicles is expensive, however, this can be greatly reduced by renting heavy machinery. When a vehicle breaks down, the downtime costs your company significantly, however, when hiring machinery, the parent company is responsible for maintaining its fleet and replacing it if it breaks down. 

The value of construction machinery depreciates over time, and owning it leads to significant losses.

Access to Latest Tech

No matter the size of your business or project, delivering quality service is key to building trust and long-term success. For smaller developers who may not have access to the latest equipment, construction vehicle hire offers a cost-effective way to bridge the gap without compromising on performance.

At Storefield, we are constantly updating our fleet, giving you access to the most advanced technology. Not only can this improve the quality of your service, it also helps to increase on-site safety and efficiency.

Flexibility

Every stage of a project requires different equipment, and as a construction fleet manager, you may struggle to keep up. 

Working with construction machinery rental services provides the flexibility to access different vehicles as and when needed. Many smaller construction sites have limited storage space or lack facilities to house the entire fleet of construction vehicles. This issue can be easily addressed by renting heavy machinery. 

Improved Compliance

Construction vehicles must comply with regulatory requirements to ensure worker safety and security. As a leading construction machinery rental service, we undertake thorough inspections and ensure all our vehicles and equipment comply with the latest safety standards.

By hiring the most compliant and well-maintained vehicles, you can significantly reduce the chances of accidents and fatalities. This can reduce insurance premiums, reputational damage, and improve employee morale. 

Drawbacks of Owning Construction vehicles

As a construction fleet manager, you may consider buying your own equipment. However, before you decide, let’s look at some of the disadvantages of owning construction machinery:

Upfront Capital Expenditure

New and used construction equipment can be expensive, and the cost can be challenging for both smaller developers and larger, well-established firms. The current economic climate has added extra financial pressure, and the high upfront costs of purchasing construction vehicles are making many contractors reconsider buying outright.

Even if you are considering taking out a loan, you would still need to pay a down payment, monthly instalments and high interest rates. With shrinking profit margins, most companies do not have enough resources to allocate for depreciating assets like equipment.

Recurring Cost 

Owning heavy machinery requires regular maintenance to increase the equipment’s lifespan and prevent on-site accidents. As the owner, you will be responsible for any repair or maintenance work. This leads to recurring costs, downtime during repair and maintenance, costing you in terms of project delays and reputational damage.

Many contractors may skip proactive maintenance to save a few pounds, but end up with an exponentially higher bill for reactive maintenance or, in worst cases, significant repair work. 

Not Keeping Up With Upgrades

Every few years, equipment or technology becomes outdated; however, it can be challenging to keep pace. You may still be paying off that machine, and a new one is on the market. This affects your operational and financial efficiency. 

Newer equipment is often more sustainable, powerful and efficient. Even if you decide to sell it, depreciation will significantly reduce its value.

Key Factors To Consider Before Deciding

Before deciding between construction vehicles for hire or buying one, here are a few things to consider:

Hire Top-Of-The-Line Fleet From Storefield

At Storefield, we have a huge fleet of well-maintained construction vehicles. Our affordable range of rental construction vehicles can support all your environmental, construction, and civil engineering projects.

We have multiple sizes of tipper grab trucks and grab lorries that can be easily delivered anywhere across Northamptonshire. As one of the leading construction machinery rental services, we have an extensive fleet of advanced equipment, with a trained team fully licensed to operate the vehicles. At Storefield, we have a fleet of heavy machinery, including excavators, front wheel loaders, crushers, screeners, bowsers, compaction equipment, tippers, and tipper grabs. 

Whether you are looking to rent heavy machinery, buy quality aggregate bulk bags or help with waste removal, get in touch with us today. Call us on 01536 418121 or email info@storefield.co.uk.