Shoring Equipment Rentals

Should You Rent, Buy or Lease Shoring?

Cost, Maintenance, and Storage

When deciding whether to rent, buy or lease shoring equipment or other earthmoving equipment, you should try to figure out the approximate net cost of the asset. Be sure to factor in delivery, maintenance, cash flow, loan payment, storage, tax breaks and resale value when making this calculation.

After determining which option is more cost-effective, consider other intangibles such as the possibility that the product will become obsolete (if you are considering purchasing) or that your need for the product will expire before the lease does (if you are considering leasing).

There are advantages and disadvantages to renting equipment, leasing equipment, or buying new or used equipment.