Renting vs. Buying an Excavator

Excavators are heavy-duty machines that you’ll commonly see at construction sites everywhere. If you too want to get your tasks done faster and more efficiently, getting an excavator is a good idea. However, before you add one to your fleet, you'll need to decide whether you want to rent or buy it. Each option offers unique advantages. The right approach for your business depends on several factors, such as your budget and your specific project needs.

Keep reading to learn more about which approach best suits your business. When you are ready to look at our selection of excavators, visit Bobcat of Pittsburgh/Erie/Indiana County. We have multiple locations across Pennsylvania and are happy to help all those from our home state, as well as from Ohio and Indiana, find the right equipment.

Renting an Excavator

There are many benefits to renting an excavator instead of buying it. If you’re not sure that you’ll use it frequently or how helpful it’ll be on your construction site, renting is the most cost-effective option. The monthly costs are lower each month when you rent a piece of equipment. This enables your business to save cash. Plus, fuel costs tend to be lower as you usually get access to the latest model with a rental. Newer models have more advanced technology which allows them to be more fuel-efficient, saving you money in fuel costs.

This approach also gets you access to an improved operating experience. When you rent a newer model, you'll be using equipment that comes with the latest features that translate into more efficient operation. This leads to fewer performance issues and less downtime.

Perks of Buying an Excavator

There are many benefits of purchasing an excavator. Most importantly, there are tax incentives, financial benefits, and lower interest rates that have made buying more affordable than it was a few years earlier. However, excavators are still expensive so you’ll want to keep your budget in mind. Plus, it will be far more economical to buy rather than rent if you know that you’ll be using the equipment to manage several projects. Plus, you gain full control of the machine, which allows you to set your own work pace without having to worry about being fined by the rental company. Ownership gives you improved flexibility in using your excavator, making it easier to get the job done.

We hope that this guide helps you make the right decision. Ready to discuss excavator rental and buying options? Chat with the friendly staff here at Bobcat of Pittsburgh/Erie/Indiana County. We are happy to help you determine which option best suits your needs and help you pick the best model for your needs and budget. We have multiple dealerships throughout Pennsylvania and Indiana, and we also serve those in Ohio, so get in touch with us today!