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Advantages of Renting Equipment
Right equipment for the job
Ownership of certain equipment often forces another kind of inefficiency through the wrong size, or type of equipment for a given job. This can add to additional hidden cost.
Conservation of capital
Renting frees capital for other potentially more profitable uses than that of being tied up in equipment.
Increase in borrowing Capacity
The equipment user who rents rather than buy's generally finds borrowing easier because he has a better ratio of assets to liabilities, as the rental equipment does not appear as a liability on his balance sheet. This means that his normal line of bank credit is not disturbed. Contractors have found this most important in securing the bonds necessary for bidding construction work.
Maintenance
Equipment rented on a daily, weekly, or monthly basis from Tomcon includes full maintenance. The user of the equipment needs no repair shop, no spare parts supply, no mechanics, or staff to keep track of maintenance records. You are only responsible that the machine be operated in a safe manner.
Breakdown
Virtually all equipment is subject to occasional breakdown, when rented equipment breaks down, it is immediately repaired by a Tomcon technician in the field. If the equipment is beyond repair we will exchange it with a of equal quality or better. Time loss of breakdown of owned equipment, as well as the cost of the repairs must also be considered.
Warehousing
Warehouse or land are often needed to store equipment and maintain them. By renting equipment for your project not only ensures you get the right equipment for the job, you also eliminate the cost of owning or renting land for storage. A lot of contractors operate successful construction companies with little more overhead then the cost of office personnel by having rental centers like Tomcon industries serve as their storage facility.
Cost Control
Better cost control is possible with rented equipment. Knowing the true cost of owned equipment is difficult, rented equipment offers it's user just one accountable cost figure for each piece of equipment on the job that is shown on the individual rental invoice.
Licensing Fees
All equipment that needs to be registered with motor vehicles and permits that are required for the vehicle is obtained by the staff at Tomcon Industries at no additional charge to the customer.
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