There are benefits and challenges to owning and leasing equipment. Owned equipment requires consistent maintenance, depreciates, and there is a constant cycle of buying and selling to maintain a high-quality fleet. However, owned equipment also makes a construction company more agile, enabling a company to scale and mobilize quickly for projects. Well maintained owned machines also offer more uptime, as frequent maintenance and care brings longevity and increased performance to a machine.
Leased equipment is always more expensive to operate, and there can be wait times for sourcing and delivering machines to site. The upside of leased equipment is that there are typically maintenance costs included.
There are also a host of other circumstances that would make either buying or leasing equipment more desirable, including project-specific equipment, challenging transportation logistics, meeting peak temporary workloads, and cash flow.
We have opted to purchase our most frequently used equipment and own a maintenance shop staffed with skilled employees who can keep our machines running smoothly. We then round-out our fleet with leased equipment to meet specific project demands and workloads. This enables us to efficiently scale and brings our clients the best value and the most uptime.