What are The Advantages to Renting vs. Buying Machinery?

What are The Advantages to Renting vs. Buying Machinery?

By admin | March 19, 2021

Purchasing machinery for a company is often seen as an asset. However, the impending question you need to ask yourself is that ‘it is more fruitful in the long run?’. While owning your own machinery can be considered advantageous, the initial costs often prove to be too high for a company to consider when starting. Additionally, overheads and maintenance costs associated with owning machinery are often not factored in. Moreover, with the current turmoil because of the pandemic, whether to invest in machines is also a pertinent question. If you find yourself in a dilemma as to whether you should either invest in machines on rental basis in India or buy used machinery, this article will help you demystify some of your questions. While both buying and renting machinery has its pros and cons, this article will help you understand the pros of renting used machines in India.

What are the advantages of renting machinery?

It is extremely cost-effective (especially if you like the idea of diversifying your company in the future)
Amidst all the coronavirus chaos, large businesses and factories have taken significant hits. That said, budgets have to be tweaked much more than ever now. If you’re in a similar predicament, machines for rent services is probably your go to place right now. Renting machinery can save you lakhs of rupees that go into the initial investment to procure machinery as well as the maintenance that goes in after you have acquired the equipment. Renting used machinery might just be the thing you need right now!

Reduce troubleshooting and stress

Whether it is upgrading technology or acquiring spare parts on time, all these problems are unpredictable. If you rent machinery, as a company you only need to worry about the rental overheads and the rest is taken care of for you. Additionally, hiring an appropriate team to maintain equipment can be both painstaking and expensive, switching to rental machinery can help skip this process completely while making sure your rental equipment is in the best possible condition. Sounds a little too good to be true doesn’t it?! Get in touch with our used machinery dealers and explore your options now!

Hassle-free upgrades

The upgrade process with rented machinery is significantly easier than if you owned the machinery. Simply return the older model and rent a newer model with minor tweaks to your existing set up. This is much simpler than having to sell old machinery, update fittings and install the newer model.
If you aren’t convinced and are still keen to buy used machinery in India, whether you’re looking for used machinery for sale in Delhi, or used machinery for sale in Pune, we are at your service. On our EFL Connections platform, you will be able to buy used machinery and also sell used machinery online, all across India. EFL Connections provides a trusted platform to buy and sell used machines in India, providing a direct connection with buyers and sellers for buying and selling their used machinery, equipment without any intervention.

Electronica Finance
Electronica Finance

We at Electronica Finance are on a mission to simplify the Finance for MSME businesses & to be a Globally Trusted Financial Partner for MSMEs, with a DNA of 'Customer First Approach'.

Related Posts