Machinery equipment is a major investment that requires factoring potentially thousands of dollars into your budget. Depending on your needs, you may be wondering whether it’s better to purchase the equipment or rent it out. Let’s explore some considerations to help you make an informed decision.
The convenience versus the cost. Will you benefit in the long term from purchasing the equipment outright? Keep in mind that should you decide to purchase, there will more than likely come a time when you’ll need to do some maintenance or possible repair work on the machine to ensure its proper upkeep.
The level of usage. How often will you be using the machinery equipment? Will you and/or team use it enough to justify its price tag? Maybe renting it for the few times you may need it would work better for your budget if the machine isn’t going to receive a lot of usage.
Location usage. Do you perform a lot of work in other areas beyond your local area? Putting it mildly, shipping a machine can cost a pretty penny, and it can add up if you frequently travel. Renting as needed may help with saving money.
Miami International Machinery & Equipment Corporation (MIMECO) specializes in industrial equipment and machinery supply. We have more than two decades providing professional solutions in The Guianas, the Caribbean, and Suriname, supplying brands like Performance Pipe, McElroy, Carboline, and more. With our years of experience working as exporters and purchasing agents, we look forward to supplying your company with robust, quality products and solutions at the best prices. Call 305-570-3831 for additional information on our product selection or industrial equipment rentals.