Calculate if you should buy or rent equipment
You need to rent out the equipment 0 times during the depreciation time of 0 years to gain profit from your purchase.
Buying equipment
- Flexibility
- Lower overall cost
- Tax benefits and depreciation
- own preferences and presets
- You’re sure the equipment works properly
- You’re in charge of maintenance and repair
- Larger up-front cost
- Out-dated or expiration date
Renting equipment
- No obsolete equipment
- lower initial cost
- The right tool for the job
- No storage costs
- Rental firm is responsible for maintenance
- You have to plan in advance
- Less flexible start and end hours
- Losing time traveling from and to the rental firm