Our annual survey found that more compact skid steers and tractors were owned than rented but more backhoes, chippers, post drivers, mini skid steers and trenchers were rented than owned.

Advantages of Renting
???(R)???AE? Eliminates the need for transportation, storage, maintenance, repairs, a service area, and maintenance staff.
???(R)???AE? Facilitates seasonal, temporary, or specialized work.
???(R)???AE? Reduces downtime from equipment repair and maintenance.
???(R)???AE? Allows access to the most advanced, innovative equipment available.
Source: Sunbelt Rentals

RPO (Rent to Purchase Option)
???(R)???AE? Lets you allocate a portion (sometimes 100%) of rental fees towards purchase
???(R)???AE? Not locked in to purchase – can return item at the end of rental period
???(R)???AE? Extras fees, proof of insurance, credit check may be required
Source: Metro Bobcat, Eldersburg, Md.

Cost Considerations
Landscapers often rely on rental equipment to meet unplanned or infrequent needs, but when is the right time to buy? Besides the cost and versatility of the equipment and the frequency of the work, other considerations include:

Buying:
???(R)???AE? Insurance, taxes, licenses, and registration
???(R)???AE? Interest rates
???(R)???AE? Estimated useful life/disposal at the end of it
???(R)???AE? Tax implications

Renting:
???(R)???AE? Long-term maintenance-related responsibilities
???(R)???AE? Repair costs if equipmen is damaged
???(R)???AE? Late fees and any other fees