Why businesses should choose to repurchase equipment instead of buying

1
WHY REPURCHASE CAN BE MORE PROFITABLE THAN
RENTING OR BUYING BRAND NEW
HEAVY EQUIPMENT
Renting equipment can involve various pitfalls
such as lack of storage space, contractual
constraints, etc. Also, long-term renting can be
very expensive. In such scenarios, instead of
buying brand new equipment for construction
projects, businesses could consider repurchasing
equipment. The following are some benefits of the
same
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2
HASSLE-FREE
With rented equipment, companies would have to
spend time and energy negotiating contracts and
renewing these as and when required. Also, there
is always scope for confusion regarding who pays
for repairs or damages where rented equipment is
concerned. This can be avoided by repurchasing
equipment instead of renting.
3
REDUCED COSTS
With repurchased equipment, companies need not
worry about paying rent for the equipment over a
period of many months. Once a company buys any
equipment, it would also make sense to have
in-house drivers and operators. This means
companies can also save on the higher costs
related to hiring skilled operators on a short
term basis.
4
MAKE GOOD DEALS
If companies are sourcing all their equipment
from a single supplier, then they could ask for
better deals where repurchased equipment is
concerned. By building relations with suppliers,
companies can avail quality repurchased equipment
in an easy manner.
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