RENT VS. PURCHASE
A concern that we at the Rankin Group hear voiced frequently by our clients is whether they should rent or purchase the temporary heating, cooling, and drying equipment that we provide.
It all depends on your specific needs.
There are several things to consider while coming to your decision. How frequently do you need the equipment and how long do you need it to operate? Do you have the necessary space on site to store the equipment?
If emergency backup heating and cooling is a necessity – like at a hospital, nursing home, or other healthcare facility – than it probably makes sense to purchase the equipment.
Other instances in which buying is the better alternative is when equipment is used on a regular basis. Construction crews that use dehumidifiers to speed up the drying of materials like concrete, paint, and drywall may want to purchase their equipment. The same goes for construction crews in need of long-term heating solutions during the winter months.
If you need temporary heating, cooling, or drying equipment for an event or for a construction project, than a rental is the way to go. Rentals also provide the advantage of always having state-of-the-art equipment. They also spare the hassle and expense of maintenance and repairs.
Another advantage of renting is trying and experimenting with different types of equipment, and determining what works best before committing to a purchase.
It is advised to have a rental agreement in place for standby equipment. This will greatly speed up the lead time. Our technicians will have the opportunity to assess your needs, offer thorough advice, and identify any potential problems in advance. With a rental agreement in place, equipment can be delivered and installed with very short notice. This can be particularly helpful in the event of an emergency and also can prevent unnecessary delays on construction and renovation projects.