Why Renting Lifting Equipment Makes Sense

 Lifting equipment, such as cranes, forklifts and man lifts in Dubai, UAE, is used to safely transport and relocate heavy objects that would be impossible to move by hand. Although renting lifting equipment might seem redundant with the purchase of your own equipment, there are many reasons why you should seriously consider the option of renting equipment instead. The main reason is cost saving.

 

Presently, machinery and technology are expensive which means the equipment you want is going to cost you a lot of money. On top of the price tag will be the maintenance costs that further increase your expenses. Therefore, saving money on your machinery budget is important. Let’s dive into other benefits that you’d gain with lifting rental equipment in Dubai, UAE.

 

Financial Advantages of Lifting Rental Equipment in Dubai, UAE

Renting lifting equipment can be a smart choice for many companies. It offers a number of advantages over purchasing the equipment.

a.      Cost Savings

Lower upfront costs: Renting lifting equipment is less expensive than buying it. You only pay for the time you use the equipment, so there are no maintenance or storage costs. You don’t have to worry about getting rid of old or broken equipment.

 

No need for maintenance or storage costs: Lifting rental equipment in Dubai, UAE is less expensive than buying it. You only pay for the time you use the equipment, so there are no maintenance or storage costs. You don’t have to worry about getting rid of old or broken equipment.

 

Flexibility to rent equipment for specific projects or periods of time: Renting lifting equipment gives you more flexibility than buying it because you can rent for a short period of time – such as when a project requires extra help – rather than having to commit to purchasing new machines that may not be needed often enough to make good financial sense.

 

b.      Tax Benefits

Renting equipment can be tax-deductible. If you need to rent equipment for a business, you can often deduct the cost of renting it as a business expense. This is true even if you use the equipment for personal purposes, such as yard work or home repair projects.

 

Your rental payments are deductible as long as they are ordinary and necessary expenses related to your business. You must also be able to prove that you actually incurred them during the tax year in question. If you're reimbursed by your employer for some or all of these costs, that reimbursement may also be tax-deductible, but only up to the amount of your actual expenses.

 

Avoiding the need to depreciate equipment

The cost of buying any type of asset — whether it's a computer system or a truck — will eventually decline over time due to depreciation. This means that part of each year's purchase price is recovered through depreciation deductions on your return. If you don't use an asset very much — say, by renting it instead — then there's less depreciation and less tax savings from owning it in the first place.

 

c.       Avoiding Obsolete Equipment

Renting allows access to the latest equipment.

New technology is constantly being introduced into the lifting equipment industry, and it can be difficult to keep up with all of these changes. In addition to new models and features, new safety features may also be added to equipment. By renting instead of buying, you can avoid obsolete equipment that may not meet your needs or meet current safety standards.

 

Avoiding the Cost of Upgrading or Replacing Equipment

The cost of upgrading or replacing existing lifting rental equipment in Dubai, UAE can be significant. You might need to replace an entire fleet of trucks if they are too old or out-of-date. The cost of replacing your fleet could easily run into the millions of dollars, making it a very expensive proposition indeed. Renting allows you to upgrade as needed without incurring this type of expense and risk.

 

Operational Advantages Of Lifting Rental Equipment in Dubai, UAE

a.      Flexibility

In a world where businesses are constantly evolving, it is essential for companies to be able to adapt to changing project requirements.

For example, if you need to hire a crane for one week, renting makes more sense than buying. You can then return the equipment when your project is finished so you don’t have to worry about storage costs or maintenance.

 

Renting also gives you the flexibility to rent equipment for specific projects or periods of time.

For example, if you have a large project that will take multiple days and nights, renting allows you to hire additional equipment as needed without purchasing it outright. This can save companies thousands of dollars in capital expenditure (CAPEX), which allows them to increase their focus on other aspects of their business such as product development or marketing campaigns.

 

b.      Safety

Renting equipment allows for regular maintenance and safety inspections to avoid the risk of equipment failure or accidents.

All lifting rental equipment in Dubai, UAE, whether it's a forklift or an assembly line conveyor belt, needs to be regularly inspected to ensure that it is safe to operate. Rental transport companies in Dubai, UAE provide all of the necessary equipment and skilled mechanics to perform these inspections. This ensures that the equipment is always working properly and helps to prevent accidents.

 

c.       Expertise

Renting allows businesses to access expert advice and support

Renting lifting equipment has a host of advantages for companies. The most important is the ability to access expert advice and support. This can be invaluable for businesses that have never used lifting equipment before or that have limited experience with it.

 

Avoiding the need to train staff on equipment operation

Renting also gives businesses the opportunity to avoid having to train staff on how to operate the equipment safely and effectively. Many companies have no choice but to hire contractors or external specialists in order to do this, which can be costly in terms of both time and money.

 

Renting Lifting Rental Equipment in Dubai Makes Sense for Businesses

Business owners looking for lifting rental equipment in Dubai, UAE for their organizations may be hesitant to do so, because they don't think they're likely to use it enough to make the purchase worthwhile. This can be costly: many businesses that could save money simply by renting lifting equipment are overlooking this option.

 

Top cranes rental companies in Dubai, UAE can help these companies by informing them of the advantages of renting, such as investment protection and flexibility or expansion. With a little bit of education from Big Crane General Transport LLC, more businesses can benefit from the financial advantages that rentals can offer. Contact us today @ +971 50 364 6104 or +971 50 177 5608.