Business Tip of the Month
Louisiana Rents The Cat Rental Store Business Tip of the Month: Cost Management with Equipment Rental
The Cost-Management Tool
Contractors across Louisiana rely on rental providers like Louisiana Rents as a fast, reliable way to supplement their core fleets, either for sudden job demands or longer rentals. Louisiana Rents offer a wide range of allied products for rent, as well as accessories for purchase in addition to a full selection of newer Cat machines and work tools. But, more than that, rental professionals are always working on innovative ways to help contractors manage the costs of operation.
Reduce Financial Commitment
Renting frees up business capital. Rental store staff can help release contracting operations from excessive equipment ownership costs, since expense is incurred only when the equipment is needed on the job. The extra capital saved through renting equipment can then be applied to other demands within your business so you can grow more profitably.
Renting Can Increase Your Borrowing Power
Equipment rental does not appear as a liability on an operation's balance sheet. Renting offers you a better ratio of assets to liabilities, increasing your borrowing power.
Rental Payments Help You Budget
Rental payments are fixed and predictable. They can be written off as a current business expense, and don't appear as a long-term obligation on balance sheets. Plus, personal property tax and license fees don't apply to rented equipment.
Avoid Costly Breakdowns With Rental Equipment
Breakdowns cost your business, not only in repairing the problem, but in idle time as well. The best rental providers supply renters with use of the latest technologies on current, well-maintained machines. And should a renter experience problems, many rental providers will repair or replace the rented machine immediately.
Rental Advantages
* Eliminate Maintenance Costs. Rental agreements typically cover the complete maintenance of the rented equipment. You can eliminate costly service shops, service tooling, spare parts and maintenance records on rental equipment and free up the machine shop staff to service the equipment you own.
* Eliminate Storage and Transportation Costs
Call your rental provider to deliver your equipment to the job site and to pick it back up when the job is over. Your crew saves time and you save transportation costs and storage space at the yard.
* Eliminate Guesswork. Demo before you buy. Renting lets your operators test a new machine or work tool in real working conditions to see if it's the right fit for your fleet.
Stop into one of the Louisiana Rents and our staff will be pleased to show you the new, low hour rental units in our fleet. Call 1-800-766-4070.
