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4 Questions to Ask When Investing in Rental Equipment

Aug 07, 2023

When it’s time to secure rental equipment, you want to make sure that you are getting a great deal on quality equipment. According to Global Market Insights, the construction equipment rental market is expected to grow beyond $225 billion in 2032. This is a booming industry, but you want to make sure you are getting the right equipment from the right company for your needs. Let’s look at some questions you should ask when investing in rental equipment.


1. What Kinds of Equipment Do You Have?

Every job requires the right tools, so the first step in finding the right rental equipment is to know what's available. Ask the rental company about their inventory of heavy equipment. The company may even have specific product names or specifications listed on its website.


2. Do I Need Insurance?

Operating equipment comes with risks and dangers. It might be necessary that you have temporary insurance in place. You will need to work the cost of this insurance into your budget for the overall rental price. If insurance is optional, you should definitely go ahead and purchase it. Insurance protects you, the operator, and anyone who might be nearby while the machine is being used.


3. Do You Deliver the Equipment?

Transporting heavy equipment can be a logistical nightmare, so it's crucial to ask if the rental company offers delivery services. Some companies provide delivery and pickup, making your life a whole lot easier. Knowing that the equipment will be delivered right to your job site and picked up when you're done can save you time and hassle. Be sure to ask about any associated delivery fees or if they include delivery as part of the rental package. This way, you can plan your budget accordingly.


4. What Do I Need to Rent Your Equipment?

Before you get your hands on the heavy machinery, inquire about the rental process and any prerequisites. Are there specific documents you need to provide, such as identification, proof of insurance, or a security deposit?


By asking the right questions, you'll be well-prepared to choose the best equipment for your projects and set yourself up for success. Are you ready to start your project? If you are in need of rental equipment and would like to learn more about our services, please contact Simon Equipment Rentals today.

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