If your facility needs an industrial vacuum, you may be wondering whether to rent or buy one. Chances are, you may be considering renting to try out the equipment first without making any purchase commitments. However, there are many more benefits that come with renting instead of buying. Whatever decision you end up making, always make sure that it is the best and most cost-effective choice for your facility.
In this article, we list out the top reasons you should rent instead of buy your industrial vacuum.
Lower Upfront Costs
Needless to say, there is a huge upfront cost involved with buying an industrial vacuum. Even if your business can afford it, that is not the only consideration. Renting can free up your cashflow, allowing you to seize time-sensitive opportunities you may have to pass up on if your money is tied to a purchase.
Tax Deductible and Better Financial Image
Purchased equipment is generally taxed throughout its lifetime whereas rented equipment is not. In addition, equipment owned by your business is considered an asset, which is viewed as a liability by the bank. However, equipment you do not own are not considered liabilities. With rented equipment, your bank balance sheet will look healthier and give off a better financial image to potential investors and partners.
Maintain Competitive Edge
The truth is that most businesses cannot afford to purchase the most advanced industrial vacuums as and when they need it. Furthermore, if you require both a vacuum and other equipment such as a dust collector, those are two separate pieces of equipment you have to pay for concurrently. When you rent, you can get the latest model of industrial vacuum for just a fraction of the price as compared to buying. This allows you to maintain a competitive edge without breaking your budget.
Flexibility to Upgrade
When businesses purchase an industrial vacuum, they are making a commitment to it. No matter what happens in the next few years, chances are, they are going to be stuck with that machine as it would make little financial sense to purchase a new model so soon. When you rent, you retain the flexibility to upgrade to newer, more sophisticated models of industrial vacuum when the lease is over. Moreover, you do not have to pay the regular maintenance fees that come with owning the equipment.
Try Out Before Purchasing
If you have your heart set on a particular model of industrial vacuum but are unsure whether it is worth the purchase price, renting can help you make a decision. You get to try out the full range of features within your facility, giving you a better idea of how efficient it is and whether it suits your needs.
Get Quality Industrial Vacuums from Pacific Dust CollectorsWhether you are looking to buy or rent a new or used vacuum, you are sure to find something to suit your needs at Pacific Dust Collector. We are committed to providing excellent customer service, on-time delivery and top-notch support services.