Rent Vs. Buy: Which is right for you?
Deciding whether to rent or buy a generator or cooling tower involves asking similar questions. If you plan on using it frequently without any issues, are confident that your needs and capacity will remain the same and have the necessary resources and trained personnel to handle equipment ownership responsibilities, then buying will probably be a good decision.
On the other hand, if you only use your equipment for emergencies, it starts to have operational issues, or you realize six months down the line that it's not quite fit for purpose, you risk a severe case of buyer's remorse.
Renting a generator or a cooling tower can be the most cost-effective option for fluctuating needs or a temporary fix. Letting a provider tackle the responsibility of the maintenance and handling of specialized systems can maximize productivity and lower project expenses.
It is often mistakenly assumed that renting power as a service can be more expensive than buying and operating on your own generators; the same goes for cooling and air conditioning equipment. However, in some cases, the option to rent could be cheaper than the option to buy.
Do what's best for your company
Several factors can influence your company's decision to purchase or lease equipment. To offer you a complete rental solution, it is necessary to consider the following points:
- Urgency of need
- Duration of need and application
- Risk vs. Reward
- Hidden cost and asset value
- Financial impact
Advantages of renting equipment with Aggreko
- It allows you to focus on your business and your production goals
- We go where you need us
We can provide technical support when and where it's needed. We operate in some of the world's most remote locations and extremely harsh environments, so you can always trust our work.
- Flexibility for your convenience
If another fuel option becomes available to you in the future, you can change it. It can also quickly increase or decrease the energy demand adapting it to the needs of the companies. We even take care of spare parts and insurance.
- Highly Qualified Personnel
With a rental solution, you eliminate associated personnel costs, always ensuring that you have highly trained personnel, trained to the highest industry safety standards, available to operate your equipment.
- We focus on our clients
In addition to listening and responding to their needs, we also provide expert advice to offer appropriate solutions for present and future scenarios.
- In constant innovation
We continually optimize processes to increase efficiency and design and develop the products that best adapt to the dynamic energy needs of our customers.