Rent Heavy Equipment from Us at Star Tractor. We provide compaction rollers, pneumatic rollers, articulated trucks, excavators, long reach excavators, excavators with breakers, backhoes, backhoes with breakers, asphalt recyclers, soil stabilization, (mixers), motor graders, skid steers, Vac-iron trailers, wheel loaders, and much more. Call us at 817-733-3799 for all DFW area equipment needs.
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Keep your options open before your rent heavy equipment
A small construction company has two options when it comes to procuring heavy equipment. Either he can go to buy used heavy equipment or take them on rent. Buying used heavy equipment can lead to some sort of complications in the near future as the machine that you intend to buy may have a lot of technical issues that you must not be aware of when you go to buy it. This may result in buying a good looking but an inferior product which will never go well with your business.
The construction company can certainly make use of the second option which is to rent heavy equipment, use it till you need them in the project and then eventually hand it over to their respective owners. You are obligated to just 2 things. First is to pay rental on each and every month and second is to keep the machine is a good state so that when you return the item, the owner of the machine does not have any complaints and also do not bill you for any repair work.
There are few options that you have before you finally use heavy equipment on rent. If your project requires heavy equipment that have use for limited period only then there is no point in renting machines for the entire year. You should look for people who are ready to sign contract for few months so that once your need with the machine is over you can hand it over to the owner. Not many people will give you this option and therefore you got to keep your search on till you get hold of someone who is willing to let it out for a temporary period. You can also take assistance from small time dealers who deal with renting heavy machines. It will be a safer bet to deal with these dealers as most of the time they own the machines and are ready to rent it for a temporary period.
These heavy equipment dealers are not hard to get by. If you do not know them, all you have to do is search them on internet. Try 411.com or other such similar websites that will give you plenty of such dealers. Once you have their information, the next part will be quite crucial. You have to reach out to them via phone or in person and check what they have in store for you. They possess lot of heavy equipment with various features. Check the one that suits your needs. You can also talk to them about your business requirement and ask for their suggestions. They are usually in the business for the last many years and can give you some valuable tips on heavy machines.
Negotiating the rental price is the next most crucial thing that you need to manage. They will for sure quote a higher rent which you need to bring it down by displaying excellent negotiating skills.
Heavy equipment rental business
Rental business is one such business which is not majorly hit by recession or any sort of economic slowdown. People who use the products will continue to do so no matter what is the economic condition of the country is. However, it will not be correct to say that they are not at all affected by any slush in the economy. Their business also gets affected but perhaps the impact that they feel is lesser than people belonging to other sectors.
Construction sector in specific is at its peak and everything pertaining to this industry is really doing well. Right from cement industry to iron and steel to heavy equipment all the businesses is going great due to the push it has received from the construction and infrastructure sector. People who are connected to the construction industry are having a gala time and are considered to be making huge profits. Though not all are in the same money making mode but we can definitely count most to be in that genre.
Heavy equipment rental business has gone really up in the recent times and most companies dealing in this sphere are generating good sum of profits. Hence, if you are a person who has different types of heavy equipment or would like to deal with construction machines and have good contacts with people in the construction industry then starting up a heavy equipment rental business will be most apt business for you. A person who is a mechanic and now runs his own workshop can also get into this form of business and can run it quite successfully. All you need to do is pick up old heavy equipment at lower price, give it a new look and a new life and then you list them online or you hunt for people who want to take it on rent.
Normally if you have good contacts then you need not hunt for people. They will come straight to you and you have to guide them to pick the right equipment. In order to run this business, you first have to gather few information. Firstly you need to know how and from where you can procure heavy equipment at a cheaper price. This is perhaps the crux of the case and once you know that you are sorted. Rest is all simple and you can begin the rental business. There primarily 2 ways to get heavy equipment at a lesser price. The first is by procuring machines in an auction and the second is by buying old machines at junk rates.
There are heavy equipment that are repossessed by lenders. They do so as the owner of the machine is unable to pay the debts and the lender is forced to repo it and sell it at a lower price. Once they have sizable number of machines they call for an auction. Not many have the information about the auction which results into low walk-ins. Check with the repo guys and you can expect to get some solid lead from them. You be a part of the auction and fetch as many machines as you can which can then be refurbished and leased out.
Rent a Bulldozer
When it comes to construction industry, one construction equipment that will always have its place intact is a bulldozer. Come what may you will have to use a bulldozer for demolition purpose as well as to pushing debris. Though bulldozers do not play a pivotal role in carrying debris but one can’t ignore its importance in work related to construction. This is why it must be a common sight to find a bulldozer in almost every construction site. This also gives immense scope to the ones who engages in renting heavy equipment and to the ones who wants to make a career in it. This means that a person who is into the business of renting bulldozers will never find himself out of business until and unless there comes a substitute of bulldozers.
How to rent a bulldozer:-
There are multiple ways that one can adopt to rent a bulldozer. Firstly, he can approach one such person who rents heavy equipment and check with him if he knows someone who is hunting for a bulldozer. He can drop few pictures of the machine with him and his contact number so that if someone comes up showing interest to rent a dozer, he can be contacted. Renting bulldozers via such rental yards happen more in local market where most of the people know each other. They know that is anything goes wrong with the machine then they can easily catch hold of the dealer and the dealer in turn will ask the owner to get things fixed. This can be vice-versa wherein the owner of the bulldozer can pay a visit to the jobsite and check if the machine is doing well. If he finds the person is overdoing then he can bring it to the notice of the agent. However, the latter is quite seldom in nature.
Rent it on an online platform:-
Renting heavy equipment online is the most preferred options in today’s time. All the owner of the bulldozer need to do is post the picture of the machine along with the model number and provide appropriate description of the dozer on the website for the viewers to read. This will give you the scope to let-out the machine outside your city. The shipping charges need to be decided well in advance so that there is no confusion once the deal is set. If you post your listing on an online platform you will be charged a fee and if you get a taker you have to pay some more fees for successfully renting the machine.
Reach out to prospects on your own:-
This is quite a traditional way to rent heavy equipment, however still effective as long as you get some takers. What you have to do here is spread the word out in your business circle. Let everyone know that you want to rent your bulldozer and that will ultimately get into the ears of someone who wants one. People who follow the above two methods also follow this one as he does not have to pay anyone a penny to get a taker.
HIRING WHEEL LOADERS
Wheel loaders are vehicles that are heavy weight and are usually considered to be heavy construction equipment. These wheel loaders are vehicles consisting of a large fork like scooper attached in front that can be moved and bent according to the controls of the controller.
Wheel loaders are used to move objects like logs of wood, sand, stones, soil, snow, loose material like dust, pipes, iron bars etc. Wheel loaders do not drag these objects on the ground but literally lifts them up and transfers it to the designated place. These vehicles have four wheels attached to them – two for the front and two for the rear. There is a cabin for the controller who needs to sit inside and control the tasks that the wheel loader has to perform.
Once the controller guides the vehicle with the task it needs to perform, it automatically knows what to do and how to do it. Usage of such equipment not only saves up on time but also on manual energy. Instead of relying on manual labor, one can always take the help of machines like wheel loaders that helps transportation of objects from one place to the other in a quicker time.
Apart from wheel loaders being used for construction or administrative purpose, the armed forces also makes good use of it. It helps them to excavate areas or building materials while rescuing people. It helps them to remove road blocks and other barricades without having to fear harm to themselves directly while manually clearing the blockades. These wheel loaders used by the armed forces are usually created with extra protection of metal around it in order to save it from damage.
The manufacturers of the wheel loaders make sure that these vehicles fit any given terrain where it can adjust to the environment. The wheel loaders can adjust to rough terrain with rocky paths or deserts which is packed with sand. The manufacturers make sure that these heavy duty vehicles are efficient and provide ample help with its performances. With the help of technology, these wheel loaders are manufactured in a way that gives noise less support and efficiency.
Wheel Loaders are available in various sizes. The smaller sizes are used for small construction purpose and the larger ones are used for larger functions. It depends on the user and the type of task it has to perform. Tasks that do not require much effort prefer the machinery with a smaller size and the heavy duty tasks require wheel loaders in a larger size. Users who constantly are in need of these equipment need to own them and treat them as their assets. Maintenance and proper care makes the machines efficient and provides the best results. These heavy duty wheel loaders are also available on rent from several rental houses who specifically deal in renting out such heavy construction equipment. Organizations who require the services of these machines for a short time usually apply for the rental scheme of these wheel loaders.
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Tips to choose renting company for your construction work
To many contractors of construction companies, leasing heavy equipment can provide an alluring, economic alternative to acknowledge as the constructional task strengthens after it has shown a remarkable progress in 2011. At the time when the flow of money and credit is limited, renting facilitates the construction companies to access the wide gamut of heavy equipment for additional versatility of the jobs without the additional problems correlated with the proprietorship inclusive of maintenance, storage, transport and warranty costs. Once the individual made up his mind to take the equipment on renting, the next step is to fetch out the best renting company from the innumerable online companies available.
How to choose the right renting company?
To pick up the best renting online company, the foremost thing is to find out what is the most essential thing while choosing. For some people, budget plays the most vital role. That’s why, some contractors turn towards the low prices renting companies which always do not ensure great services.
The person should also take into considerations the availability of the equipment, proximity to the construction site and support services. Equipment leasing companies skilled professionals must be available 24/7 to get the assistance. By getting the help, the person will be able to achieve the appropriate machine for the jobsite and give training on the proper use of the equipment.
In order to help the owners and contractors of the construction companies, the ARA provides a rental site online. To get the long list of ARA local rental companies, the user has to type down his zip code and the type of machine he needs to carry on with his construction work.
If the individual shares the project details with the personnel of his selected leasing equipment company, the employees of the company can give him advice regarding the size and type of required equipment and also extend their helping hands to organise any extra supplies needed to execute the project perfectly. Inventory of heavy equipment leasing is changing regularly, providing the models of latest equipment with the safety measures. It also consists of procedure to control the emission from the machines and ensures better economy of the fuel that fulfil the new requirements of the government of that country.
A number of contractors of the constructional companies believe that a rental store should provide spick and span facility with the proper maintenance of the equipment, instant delivery of the rented product and the capability to reach a person at any point of the day if any accident or problem occurs.
Check out the multiple renting companies to know which company is going to deliver the best product at the best price along with a sound customer service. If the person needs a single piece of construction equipment for one hour or two, it should be convenient to rent the device for some hours and moreover it will be cost-effective too.
So, do not waste your time in thinking, go straight and choose the right renting company to finish your project within the deadline. Remember, to go through the terms and conditions of the renting company carefully before you sign any deal with them.
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The Important Factors To Consider to Know When To Rent Heavy Equipment
Is it time you need some pieces of heavy equipment or trucks? Maybe, you have achieved a huge contract coming down the pipe or you are thinking of expanding your construction business, then how would you decide whether and when to buy or rent the heavy equipment. Both leasing and purchasing have their own pros and cons. It pays to calculate the company’s present efficiencies and situations as well as the planning for the future and conscious consideration of the right equipment needed for your business- and hence making your life smooth. Undoubtedly, initial price is the key factor in taking the decision. Apart from it, there are some other things to look at when the right time has come to gear-up – availability, usage and the like.
As you read the article, you will get to know the important things to consider while deciding when to buy or rent the equipment.
- Present financial condition: – This is one of the most obvious things to take into consideration. Ask yourself- “Do I have the money to purchase or should I go for renting the equipment now?” You should try to look ahead to estimate your costs keeping in mind your present financial condition. If you are going through financial crisis period, it’s always better to take the required equipment on rent, as it will help you to save your money on a long term-basis.
- Compare the renting and purchasing cost: – It is also essential to compare the equipment ownership cost with the renting cost. The renting of the machine doesn’t need any kind of maintenance charge because if any damage happens in any part of the rented machine, you just need to contact them and tell them your problem in details. They will immediately send a technician to help you out. But, this is not the case when you switch to purchase the equipment. With the ownership of the construction machine, come operating and maintenance costs, fees like the license from the government and insurance. While renting, you should find out that the renting fees should include both the ownership as well as the buying price.
- Time duration of the constructional project: -Of all the above mentioned things, time duration of the project and the frequency of employment on the calendar can become a deciding factor in whether you purchase or lease the equipment. If your short-term job calls for a specialised equipment, then the best option is to switch on to the renting companies to get your special machine on rent.
- Availability of the equipment and its applications: -The increase in the competition of the industries of renting companies enables you to get the different kinds of products of latest brands whenever you approach them. Moreover, they will also make you aware of the equipment’s applications clearly and easily. A genuine renting company will always offer you new machines by giving the maintenance and insurance assurance which will be handled by third party.
The equipment rental is the logical option for many contractors and owners of heavy construction businesses to save money and to spend it in some other needed sections.
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Is Heavy Equipment Renting The Best Option?
Experts of heavy equipment manufacturing industries believe that the amalgamation of factors stand together to boost up the construction industry in the mid 1990s. In accordance with the statement made by Fred Snow, President of Brandolini company in West Chester, the economic explosion of the 1990s resulted in the soaring of constructional projects and hence the call for heavy equipment. Since the purchasing price of the equipment increases as the years passed by, contractors especially who are engaged in small businesses turn to renting the machines to meet the project’s deadline by delivering flawless job.
How Renting is better than buying the equipment?
The rental companies which are ruling the construction equipment industries provide transport facilities and periodical maintenance services. Renting the equipment is now considered as the safest and economical option to get the machine and start the work. Leasing of heavy and light equipment with specialised tools is also available at local in-store in many markets. The decision whether to purchase or rent the equipment depends on the circumstances of the particular company. For the most part, constructional companies are better off leasing if the heavy equipment will not be completely used under regular action. There are some constructional companies prefer to rent heavy equipment because rentals are always useful. According to Mike Whelan, the general manager of J.S.Cole Company in CA, “as long as” heavy equipment is active, it’s not “overhead”.
Renting the machines is cost effective most of the times, lower prices when downtime, maintenance and service, and the costs of ownership are taken into considerations. One does not require to pay any cost while the equipment is sitting around. He does not have to pay a single penny for service and other invoice processing parts. No storage and warehousing charge is needed. Renting of the heavy equipment also helps in tax savings and does not require any disposal cost.
It also as many operational merits too. If the machine damages, the technicians will fix it up with ease as they are skilled in this field. It increases the productivity, as one does not have to spend his time in repairing the rented equipment. He just need to contact the renting company and discuss the problem candidly with them, and the company will send a technician who will sort out the problem within minutes and that too absolutely free. Leasing companies transport the machine from one site to another. It does not possess any issues regarding the work –rules and regulations. Moreover, by renting the constructional equipment, one will get the opportunity to try different latest brand and kinds of machines. The maintenance costs forms the main basis for the growing inclination towards long-period rentals.
Some of the renting companies ask to deposit a certain amount before hand over the renting heavy equipment to the individual. One should take the rent from such a company, who knows the applications of the rented equipment, so as to get some tricks and tips of the business to make the assignment go much better than earlier.
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How To Start The Business Of Renting Heavy Equipment?
Heavy equipment renting businesses give products which every human being as well as the construction businesses need on an interim basis at a nominal cost. If you are planning to begin the business of construction equipment rental, you should check out this article. A lot of rental stores are available, go through any of these stores to find out what are the equipment they have included in their stores and how you can stand out from them.
Tips for starting the heavy equipment rental business
A strong plan of business results into a solid foundation for rapid progress of heavy equipment renting business. The business planning covers a wide gamut of concerns which includes start-ups budget too. The chapter of financing the plan of your occupation is one of the foremost places lenders and investors look for, therefore it should consists of budgets and calculations which are deeply rooted in the absoluteness of business and not in the personal scenario. Finally, a clear knowledge of the financial principles of the business strategy is a prerequisite towards the effective execution of the heavy equipment renting business plan.
Figure out the competition
Prior to set in a heavy equipment renting business in your locality, take a smart move to analyse the standard of the competition so as to make a major difference from others to come to the limelight. Find out whether the ongoing strife is doing a great job. It is very essential to know the drawbacks and the strengths of the competitors. It will help you to stay ahead in the competition by taking a powerful start.
Learn from other’s experiences
Try to learn from folks who are veterans in this field. An owner of a heavy equipment renting business can share his entrepreneurial experience with you, but don’t ask to share the renting construction equipment business experience to someone who works in your locality because he will never do that. It is because he will think that after sharing his experience with you, you might use the same strategies to steal his consumers.
Monetary Considerations
The heavy equipment rental businesses which are just started go through a lot of financial concerns and risks. Without having a record of the past performance of the launched business, it’s quite difficult to predict how it is going to perform in the present marketing condition. Management of financial risk helps you to take into consideration the chances of setting of the business start-up strategies aside to search procurement facilities. The biggest advantage with investors and lenders is that recently established businesses have documented property and income.
It’s better to franchise rather than doing everything with your own hands in order to stay in the competition. It’s a wise decision to purchase a franchise and spend the saved time in exploring your business globally.
After going through this article, hope you have come to know what the factors are that matter while opening a renting heavy equipment business and how to deal with those factors to gain a strong footing in this competitive world.
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Importance of renting heavy equipment
The biggest challenge for all the builders across the world is acquiring heavy equipment. It is not only very expensive, but also the builders have to hire professional experts to make use of this equipment efficiently. Moreover, the expenses involved in purchasing heavy equipment are quite high. To minimise such expenditures, builders now opt to work with heavy equipment rental companies.
There are many advantages of renting the equipment over buying it outright. If you are planning to work with a well-known company, then they will assure you with the best quality heavy equipment which is maintained by a group of certified technician and mechanics. The catchy thing for you is that that you don’t have to pay them any maintenance cost. But, if you buy the equipment you are compelled to pay the cost that is require for its maintenance.
Another advantage of renting the equipment is that you don’t have to stock up the spare parts and many other things that are needed for its servicing. Whereas in case of purchasing, you will be burdened with all such requirements. Moreover, you do not have to arrange a storeroom for keeping all these repairing things. Utterly, you can buff up your savings, as you don’t have to pay for storage facilities and other tools.
The renting companies to increase their reputation, generally, provide you with good quality construction equipment and that too at an affordable price. If you have already worked as a contractor, then you must understand the need for using the latest construction equipment for almost every project considering the fact that like other machines construction equipment also becomes outdated.
Are you planning to use your equipment for a short time? If yes, then renting the equipment is the best option for you. The most common thread which unites all these logistical benefits is the reduction in time.
Rental expenditures are mostly are completely deductible to a company. But, in case of purchasing, the capital cost will be amortized over the life span of the rented equipment.
You can also avail the merits of supplement capacity on an-as needed basis from the renting company. It is quite common for particular projects to keep demands on resources which surpass routine operations. It means that a company will already possess certain parts of equipment, but still realize that to get the work done perfectly within the deadline; they need to build up their capabilities still stronger. Obviously, to rent the extra units is more cost-effective than to purchase them directly from a company.
You will also get a 24*7-support service from your chosen renting company. Their staffs are highly knowledgeable and can make recommendations based on your equipmental need for the project. They can also give a tutorial on how to handle the equipment. If you are facing any kind of problem with the equipment, then they will swap it out quickly.
The final general rule of thumb is that you should use the equipment atleast 60-70% of the time before you purchase equipment. Of course, the factors such as your company’s total budget, terms and conditions of rental insurance company also play an important role in your decision.