Buy vs. Lease, Deciding What is Best for You

Your current/near future project scope, workload and long-term business plans will be the biggest determinants as to whether or not you need buy or hire a crane. You need to consider your daily, weekly and monthly needs to help you ascertain if you have the time, energy and manpower to own and operate a crane.

If you do not plan to use a crane on a regular basis, it may be more practical to simply hire a crane. Usually when you hire a crane the rental company supplies you with an operator as well. Most crane rental companies charge you on the time that the crane is actually in use, so the more you use it the more you pay. There are several factors that go into the price of renting a crane and each job requires a tailored quote, this is why it is so hard to get a crane rental ‘price list’.

If you conclude that buying a crane is right for you. Here are a few helpful tips to purchasing a crane. You need to consider:

• What is its primary use?
• Where will you be using it?
• What additional components will you need?
• Ensuring your General Arrangement includes essential criteria.
• Make sure you understand the safety requirements and legislation for your new purchase.


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