If you own a manufacturing company, it is important that you have the very best equipment available to you. While some business owners prefer to rent the machinery they need, others are more comfortable with purchasing things outright. Here are all of the pros and cons associated with buying a concrete boom pump. Consider each of these points before moving forward with your purchase.
Pro – Having Control Of Your Schedule
When you are renting equipment, you will have to make changes to your schedule depending on the availability of the pump you need. If you buy one outright, it offers you the possibility of getting work done on your own time without any worries about anyone else’s agenda.
Con – The Cost
While renting may seem rather costly, it is actually a good idea if you only need the concrete boom pump for sale periodically. There is no point in paying a bundle for something that you will only need to use now and then. You should only buy this if you intend to use it on a regular basis. Otherwise, renting a a better decision.
Pro- Showing Off Your Professionalism
It can be difficult to be taken seriously in this industry, especially if you are just starting out. If you buy your equipment from Aimix Machinery Group Inc. from AimixMachinery.Com, it shows vendors that you are professional and you plan to be around for the long haul. This is a great thing to advertise since it increases the chances they will send business you way.
Con – Maintenance
If you are the owner of a piece of concrete pump truck equipment and it stops operating as it should, it is your responsibility to hire someone to get it back in working order. This is very different from renting in the sense that you have to invest time and money into maintenance. When renting, it is up to the person who you have a contract with to service the pump.
Pro – Rental Potential
You can rent your equipment out to others if you are in a financial bind. This is particularly useful if you don’t really need it very often. During the times when you are working on a project where the pump is not needed, you can charge others a fee and allow them to use it. This can help you regain your financial footing.
Con – Increasing Taxable Income
If you rent a machine, you are able to add this as a deductible expense when you are filing your annual taxes. This is not something that is available to people who decide to buy their equipment. This can make a big difference when it comes to the amount of taxes you pay overall.
As you can tell, there are good and bad points that are associated with buying a concrete boom pump. It is a good idea for you to weigh each and every one of these points before making the final decision on whether or not to make a purchase. This will reduce the chances of you ending up with buyer’s remorse.