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Article from Compact Equipment

From Compact

Form a Partnership to Help Decide Whether to Buy or Rent for Your Machine Needs

Amber Reed — Nov 11, 2011

The majority of equipment acquisitions can be classified into one of four categories: Rent, Lease, Rent-to-Own or Buy. Even knowing the different options available doesn’t mean an easy decision for contractors looking to add equipment to their fleets.

Rob Larson, director of the equipment and maintenance division for Anderson Brothers in Brainerd, Minn., says he considers a lot of factors before making the decision to rent or buy. “We own a sizable fleet of equipment,” says Larson. “We rent to meet the demands....Read More

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