Plant Machinery and Equipment: Hire Vs Purchase!

Plant Machinery and Equipment: Hire Vs Purchase!

When running a business, or doing a self-build project, the debate between plant and machinery hire or purchase will undoubtedly come up. Whilst we offer both options at Tigerplant, we have come up with a series of Pros and Cons for both purchase and hire, to help you make the correct decision for you.

Pros and Cons of Plant and Machinery Hire

You may be wondering ‘what is plant hire’ and why it may be the best option for you. Plant and machinery hire involves one company renting out its tools, equipment and machinery out to another business, or for use in a home or garden. Hiring plant equipment and machinery is seen as a cost effective way to make the most out of machinery and tools, without needing to purchase. It’s also worth noting that hiring plant equipment is tax deductible for your business.

Whilst cost is a strong reason to hire over purchase, flexibility and ease of access are contenders for hiring. Flexibility with hire means you can state the length of your hire, and with delivery and pickup afforded to you by the business you’re hiring from, this is very beneficial for businesses. You may also only need various machinery for short periods of time, in which case the flexibility of plant hire will be the best option for you.

As well as flexibility, hiring means that you will have access to fully serviced tools, and the knowledge of experts, so you’ll always get the right equipment for the task.

If you plan to use a piece of machinery on the regular however, long term hire can be costly, and the equipment may not always be readily available from the hire company.

Pros and Cons of Plant and Machinery Purchase

Purchasing plant equipment cuts out the middleman. You will always have access to the tools you need with no waiting, so if you regularly need the same equipment purchase may be correct for you.

Whilst ownership of equipment is beneficial for access, the cost in comparison to hire is going to be much more. Not only is the purchase price itself going to be high, you also need to consider service and repair costs that may crop up in the future. Proper machinery care can be a tedious experience, but without it you risk breakdowns of equipment.

With hire equipment the hire company delivers and collects the machinery, whereas when you purchase the equipment you need to find your own storage solution, which may add extra costs to your business if you don’t already have a storage facility accessible to you.

Planning to hire plant machinery?

At Tiger Plant we offer a range of hire and purchase packages for our customers. Whether you are after a short term tool hire, or if you’re looking to purchase a dumper, we take pride in offering our customers the best.

Whilst we offer purchase options, hiring plant machinery and equipment is much more beneficial for businesses that only need plant equipment for a short period of time, or for customers looking to hire for use at home.

Looking to hire or buy plant machinery, or still have questions about our services, get in touch with our team today, or check out our FAQs for more information.

  • Tiger Plant Hire 2024
  • Company No: 10469579