Category Archives: Heavy Equipment Rental

Make use of right platforms to rent your heavy equipment

When you are dealing with highly priced items, it is very important that you follow the right platforms to deal with them or else it may lead to various sorts of complications in the future. It may also lead to losing the heavy equipment forever. In order to avoid any confusions or hindrances, it is crucial that you follow the right platforms and you will find things going your way. Construction equipment is quite expensive. You buy a machine for thousands of dollars and put it to use for few years. After which you feel the need to upgrade your arsenal and have to do away with the old machine. However, if you are not a filthy rich guy, it will definitely pinch you hard to just let go the old metal. If possible you may want to retain the machine but if you do not see any use of it, then there is absolutely no point in keeping the junk with you.

In such a situation it is prudent that you let-out the machine to another user and collect monthly rent from him. In this way, you still possess the equipment and also have put it to use and simultaneously getting good money as rent. Now, when you talk about renting the machine, it is quite imperative that you follow few parameters that will let you rent the equipment without any risk of losing it. Following few essential parameters means that you rent the machine through proper channels and by following right set of rules.

First and foremost you should be checking the right channel through you can search takers who would be willing to take your machine on rent. You can depend on newspaper classifieds or websites that exclusively deals with heavy equipment. Most of the websites that deals with purchase and sale of heavy equipment also works in the sphere of renting them. You have to classify one such website that is pretty famous within the masses. By posting the heavy equipment in that website will increase its viewership. People from across the country will get access to check the ad and anybody is interested will get in touch with you. You can then decide if you want to ship it to a different city or want to give to someone who is from your city.

You may charge the shipping cost from the taker but that has to be informed to him in advance. One more thing that is more important that discussing the shipping cost is the rent amount and the period for which they are seeking to rent the machine. Also, you got to state them very clearly the duration at which they need to service the machine. If the machine will be used extensively then servicing the machine should be more frequent. Make sure that you prepare a proper rent agreement with the taker and mention all the valid points that you guys have agreed to in the agreement. Once the agreement is signed, you can ship the machine to the taker.

Rent a Track Loader and earn decent rental income

In a construction job, there are various types of heavy equipment used and many heavy equipment are more or less similar as far as their work is concerned. This means that one type of heavy equipment is compatible to do work of other heavy machineries as well. Though they have certain limitations but can certainly be used in the absence of the primary machine. One such heavy equipment is a Track Loader which is competent in excavating land and loading the debris automatically on the truck.

Though people prefer using an excavator for digging deep in the ground but something that does not require digging that deep can be done with a track loader. At the same time, since excavators are more in demand, they are also highly priced machines. You can find a track loader to be anytime cheaper as compared to an excavator. However, a track loader is more often rented than any other machine. The reason could be that it is available within the budget of a mid-sized construction company.

By renting a track loader, you can earn good rental income. So in case you have a loader that is not in use and you have decided to sell it, you should perhaps give it a second thought. Selling the machine will give you a good chunk of money but that will be the end of the story but if you let it out for months or year or so, you continue to get the rental income and also by regular servicing of the machine, you can lengthen its life and therefore keep its selling price intact.

Getting a taker for the loader is also quite simple. With the help of internet, you can post the machine on an online portal and write in details about its description. Try to post as many pictures as you can so that people by getting a look of the machine can assume it to be a good one. Quite truly, the machine has to look good to catch one’s attention. Therefore, if the loader is dirty and looks filthy, get it washed and painted. If there are any dents, get that removed and replace any parts that have ceased to work. All this needs to be done before you put the pictures on the listing. A detailed description is important for people to know what they are getting into. Normally, takers wish to contact the owner of the machine before striking the deal. So you can write all that is true and wait for the takers to call you.

While you list the Track Loader, please specify the rental amount in clear terms. There should not be any sort of confusion pertaining to that. If you are ready for negotiation, you can entertain the taker or else strictly mention that you are not willing to negotiate the price. Ideally, you should keep a window for negotiation and not be so rigid with the price.

For beginners – Don’t buy heavy equipment. Rent them

Beginners joining any profession have to be really careful on the expenses they are making on their business. They might have extremely no control on their expenses as they may not understand how to block the flow of expense. They have to take care of a lot of recurring and non-recurring expenses and while they do so, they may completely lose track of the money left in their bank account. One fine day, they may find their bank account showing very less balance and may foresee lot of expenses to clear. They may find themselves to be in a very tight position and therefore it is important that they refrain from doing any expenses that is not much needed for the smooth running of the business.

To be more precise, if you are in the construction business, you got to be more cautious than ever. For timely completion of projects, you got to possess heavy equipment that are very expensive and if you do that then you tend to spend a good portion of your money for procuring the machine. This may leave you with very little money to meet other business obligations. Hence, it is advisable that if you are a beginner in the construction industry, do not spend your money in buying heavy equipment. On the contrary, you can take them on rent. That will turn out to be a good deal for you where you do not have to spend a bounty and things will be very much in your control.

Identify the heavy equipment you may need for your project:-

It is very crucial to know what type of heavy equipment is required for your business. As long as you do not know that, moving ahead will be difficult. Take guidance from people in the industry if you have any or join some blogs where you can put your questions about heavy equipment to them and you might get real good replies which will prove to be very helpful to you. Once you have identified the heavy equipment, the next goal will be to check the rental price of the machine. Not every owner of the equipment will rent it at the same price. The rental price of the machine may vary keeping into consideration the quality of the machine, the period for which it has been used. In other words, if the machine is not much older then you may have to pay more rent. However, if it is an old piece then you supposedly have to pay less for it.

Go to online portals to check the machine:-

Owners list the heavy equipment on websites that deals with selling and renting of construction machineries. Going to such websites will be really helpful to you as you will get to see a lot of options at different prices. You can then select the one that you seek to have and speak with the owner. If possible you can negotiate the price and try to bring it lower. You will end up getting a good deal at a considerably lesser price.

How to rent off-road articulated trucks

Heavy equipment always has a pretty decent sales value attached to it. This is why people do not mind paying more for equipment that will last for long and at the same time will fetch them a good price while selling it off. But selling the machine will be the end of the story and he can’t expect anything more once it’s sold. Therefore, there is something that can be done rather than simply selling the equipment. The machine can be put on rent if it is not required for the time being and once the tenure is over, it will be returned to the owner. It in fact makes more sense to let out your heavy equipment as you keep getting regular income and at the end of the tenure, you can let it out again at an increased price. Not just heavy equipment that are used for construction works but also trucks are widely let out across US.

A person can earn anywhere around $10,000 to $30,000 depending on the type of truck he has. It is simple to let out your articulated truck on internet. You only need to ensure that you have an account with an online portal that deals with letting you rent out of heavy equipment. There are some portals who only deal with selling heavy equipment and some deals with both selling as well as letting rent out. So you need to list it in the right place.

Articulated trucks are quite high in demand. It is because of their ability to carry loads of dirt at a go. It can also move on bouncy routes with the load on it. You seldom get a proper road on a construction site. More often, you have to carry the load on bouncy uneven paths. Using a normal can be a big pain for the driver but articulated trucks offer a bit ease to them while driving in such horrendous paths. Now if you have an articulated truck and you know the website where you can list the item, become a member and post the truck out there.

Few things that need to be remembered to catch the attention of the taker is how well you put down the information on the site. Just giving complete information is not much helpful. Putting it in the right way so that people find it easy to read must be your priority. Other than that, putting sufficient pictures of the truck is important. The look of the truck will form an impression in the minds of the takers and they might find your truck to be suitable over others. You can mention the rental value on the listing or can just state “Call for price”. This means that you will discuss the rental value over the phone or only when the taker likes the stuff. It also leaves both the parties with the option of negotiation.

Few basic rules to follow before you rent your heavy equipment

Before you begin doing anything, you got to follow few very basic rules that will lead to its successful completion. Be it studies, sports or business, there are some rules for everything and you can only do that thing correctly if you follow those rules. Here we will be talking about what one should do while they are renting their heavy equipment. What are the rules one should follow when they are planning to put their heavy equipment on rent.

The very basic rule while you rent your heavy equipment is to identify the machine that you want to let out. Identifying the heavy equipment is done basically by knowing if the machine is being put to any use in your existing projects. If you find the machine is lying idle for months, then that is the one you should be putting on rent.

Simultaneously, you also need to check if the machine is in order or is it lying down there because it is no longer in working condition. If this is the case, then you have to firstly get it repaired by a good service guy and then look at the possibilities if it can be absorbed into any of your existing projects. If you do not see any need for it then you should think about renting it. However, if you see that the machine can be accommodated into any of your projects, then the question of renting the machine does not arise.

After having identified the heavy equipment and also finding it qualified to let it out, the next step would be search for someone who would need the heavy equipment and would be ready to pay you the rent for using it. You may find this to be little difficult. It is not easy to get hold of someone who will treat your heavy equipment like his own, service the machine at regular intervals and keep good care of it.

You need to place ads in various websites or newspaper classifieds from where you can get people interested to take it on rent. The most viable option is to place the ad in a recognized website. A website that many follow to take heavy equipment for rent should be your next target. You need to identify such a website and place the advertisement out there. The remaining process may follow swiftly. You may receive calls from people interested in your heavy equipment. If you are willing to negotiate the price, you can do that over the phone or else you can strictly state “No Negotiation”.

Once you get a person, the next process will be to draft an agreement. You can catch hold your attorney who prepares such drafts. There you need to state in all the terms and conditions and it should be agreed upon by both the parties. Once the draft is legitimized, both the parties are bound to follow the terms of the agreement. After the agreement is done, you can hand over the machine to the user.

Expect good rental income from a wheel loader

Moving stockpiles within the construction site can be very arduous when you put people to do the work. Also, you can’t make use of big heavy equipment to just move stuffs from one place to another within the jobsite. You need something that can take care of this business and does not cost you more for it. This is when a wheel loader comes into picture and does the work for you. A wheel loader has a big bucket in the front which is used to carry the mud by dragging the bucket on the ground, fill it with the dirt and then dump it on the truck. The size of the bucket varies a lot and it starts from 1 cubic yard for smaller types of loaders to 20 cubic yard for the larger models. The bigger ones are particularly used for mining applications.

You will find a number of wheel loaders on a mining jobsite. Also they will all be big in size and not that are owned by small contractors. This also suggests that there is a wider market for selling or renting wheel loaders to such enterprises. Now if we talk about renting wheel loaders to big mining houses, you will generally see good money coming out of the deal. As long as the wheel loader is in good working condition, the mining companies are ready to pay the price you quote. They only check the quality of the machine and if they find that to be in order, they are ready to pay for its value.

This also leaves us with the question that do big mining companies take wheel loaders on rent? Well, as a matter of fact, they take most of the heavy equipment on rent. They hardly have anything that actually belongs to them. The reason they do this is every different project requires different kind of heavy equipment and they can’t afford to spend everything they have on buying machines. This is why they prefer to take equipment on rent and return it once the work is done. At times, they sub-contract the work to different contractors who are given specific responsibilities. So a contractor who is supposed to take care of one part of the job will not look into any other departments. These contractors predominantly take loaders on rent.

You can take help of any heavy equipment rental company who can crack the deal for you. These rental companies are in close nexus with different contractors and construction companies. They may know who needs what and accordingly they will create a platform where both the parties can meet each other and complete the transaction. They will charge you some fees for their service but it is really worthy. They will also take care of the agreement part and will ensure that nothing goes haywire. Conducting a smooth and fair deal is part of their responsibility. However, doing a bit of research on the rental companies always helps. It is better to be prepared from your end.

Want to rent/buy heavy equipment. Avoid involving middlemen

Heavy equipment are highly expensive items and people who deal with buying, selling or renting heavy equipment usually earns good commission out of it. However, the person who has to pay commission may not find himself in a comfortable environment to pay money just to procure machines. The buyer in this case pays to two parties. First it is the seller and the next is the agent. So eventually, he ends up paying more for the same item and therefore he may not be so happy with the transaction. On the other hand, the seller also needs to pay his part of commission to the agent. This means that the agent gets a good deal of money from both the parties. His part of work was to understand the needs of the buyer and then search for a seller who is selling exactly what the buyer is looking for and ultimately introduce both the parties to each other. He needs to push the buyer a bit to buy the machine and if he gets convinced, the sale is done and he gets the commission.

The seller does not have much to lose here as he gets rid of the machine and does not mind paying someone who has helped him to get it sold. The problem is with the buyer who has to pay for the heavy equipment and also to the agent. Now by any way if he can manage to get the agent out and deal directly with the seller he does not have to pay any cut to anybody. So just pay the price of the machine and it belongs to you. The difficult part would be to locate the seller who will have exactly the stuff he needs.

Well there is a solution to this. We have many online portals that deal with buying, selling and renting of heavy equipment. So all you need to do is become a member of one such website and search for the heavy equipment that you require for your business. You will find almost everything under the sun. Right from scrapers to loaders and from CAT to Volvo, you will find a seller for all kinds of heavy equipment. The important part for you would be to join the portal that does not charge any fee from the buyer. The seller usually does not mind paying a small amount as fees to the online portal.

There are also some agents who work in the same manner as the online portals do. There is no harm in using the service of the agents as long as they do not bill you for earning commission. So you got to be pretty sure that they are not charging anything from the buyer and if they do, make it clear to them that you do not want their service as you do not want to pay commission to them. Try to avoid the involvement of middlemen ad it can save lot of your hard earned money.

Experiencing monetary crunch – Don’t buy heavy equipment. Rent it

People who are from the construction business frequently experience the problem of unable to buy heavy equipment dues to shortage of finance. They may have got big projects to work but often find themselves short of heavy equipment and when they think of buying few machines they experiences huge shortage of finance. Heavy equipment are thousand dollar items and you will not get any at a dirt cheap rate as long as it is an outdated model and is being used by none. Those types of machines will be of no use to you. It is better that they are sold as scrap.

So what can you do when you are in the middle of signing few very important and life changing projects and at the back of your mind you know that you are highly short of heavy equipment and are in no position to buy new stuffs. Well, the better way to deal with this kind of a situation is to rent some machines for the time you think you will need them to complete the project. Though you have to spend some money each and every month as paying rent to its owner but still you will be able to get your work done. Later if you feel like you can buy one such equipment you can take the call but till the time you are having monetary issues, you should not be thinking about increasing them by intending to buy more machines.

One of the most appropriate ways to take heavy equipment on rent is to do it online. There you can find numerous machines posted by various owners; all wanting to either sell their machines or rent it out. Searching for heavy equipment online will give you good enough options. You also will be able to see the pictures of the machine, read the description and analyze if this is what you should be looking at. Few online portals also allow you to contact the owner of the machine so that you can speak to him and clear your doubts if you have any. You can also try to negotiate the price with the owner only if he is comfortable in doing so.

It is very important that you estimate the duration for which you need the heavy equipment. It is very much possible that you have to contact different owners and take machine on rent from them. You may not find one person renting all the different types of machines you need. Therefore knowing which equipment will be needed when is very crucial. It is also possible that one owner has lot of machines with him but has listed only a few. You can check with him if he has more stocks and if he wishes to rent them as well. You may get all the fruits in one basket.

Last but not the least; make proper rental agreement with all the terms and conditions stated explicitly in it. This will help you to safeguard your rights and you do not have to pay more for anything that’s not mentioned in the agreement.

A scraper can generate decent rental income

If you have heavy equipment that are not in use and you do not know what you should do since you do not wish to sell it off, the best option you have is to rent it to people who need them for their construction business. There are many construction companies who are having a hard time to carry on with their business as they encounter unavailability of heavy equipment. They can’t afford to buy every kind of heavy equipment under the sun but still needs to continue with the project. This is where they need machines on rent. They understand that by taking the equipment on rent, they have to pay the rental money every month which is something that they can easily afford. Other than that, brand new heavy equipment are way too expensive and do not make sense to buy them for just one project. You never know if you will need them again for the next project as there is a possibility that you may have to use some other equipment.

A scraper has the potential to generate decent rental income. As a matter of fact, any heavy equipment has a lot of value attached and can be a good source of rental income to its owner. Therefore if you have a Scraper which is not in use and you expect to not use it for the next couple of months or years, you can let it out to someone who may have some use of it. Scraper is quite useful heavy equipment when it comes to moving dirt. Scraper is widely used in big construction as well as mining sites. You will get to see different types of scrapers in any mining site. Therefore it is never a liability when it is not in use. There are different types of scrapers and each type has its own specific purpose. There are these Coal Bowl Scrapers which are predominantly used in mining sites or the open Bowl scraper which is self-loading hauling system and it is used in almost every site.

A machine with so much use attached to it can fetch you good rental value. All you need to do is keep the machine in good working condition so that people are ready to pay the money just by having a look at the equipment. Keep the machine well maintained by servicing it at regular intervals. Replace any part that has gone faulty. Change the engine oil regularly and do everything possible to ensure that the equipment stays healthy and performs better at the jobsite.

You can list the scraper on any online portal that primarily deals with sale/rent of heavy equipment. They might charge you a bit for listing the item but that is worth the deal. You should mention about your machine in details in the description section and also add the intricacies like the rental amount and the period for which you wish to rent the stuff. Post some pictures of the item and put it on the listing. This will attract viewers who are more likely there to take scrapers on rent.

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Renting an equipment can be the sole option for a financially wrecked contractor

Construction sector can at times show you the most miserable moments that one must have never dreamt of. For a person who is not doing well and also lacks vision for the company but still manages to sustain, this only indicates that his time is up. Either he changes himself and the way he works or simply change the industry. The construction business is for people who can survive the tide and take up challenges, ready to fight any odds at any given time.

People who lacks creativity and the zeal to do something big may one day not even find their place in this sector. Well, if such a situation ever comes upon a person who has sizable number of heavy equipment, he is left with very limited options. He either has to sell all the heavy equipment at a dirt cheap rate or can rent those machines to someone who can make good use of it. In this way, he can still manage to make descent money out of this transaction.

Before one think of renting his machine there are few pointers that he needs to consider.

Get the equipment repaired:-

It would be utter foolish to list the machine on rent that is not in proper working condition. Quite evidently, no one will be interested in taking a machine that is nonfunctional. You need to make sure that the machine is fixed and then you list it for rent. Take the machine to an expert mechanic and get everything fixed. You may also want to tell taker if the machine has gone through any accidents and the parts you have changed. This will let the taker know that few of the parts in the machine are absolutely new and may build his confidence in confirming the deal. In case, if there are any dents or scratches on the body of the machine, you may put some stickers of your favorite characters. Avoid names and images of any players or teams as the person who want it on rent by support a different team and that will deter him to go for your item.

 

Be clear and concise of your terms:-

You may have certain terms and conditions that you want to convey to the taker. You should state all your conditions in points and check if he is ready to accept them all. In case, if you can let go few of your conditions that are not so important, you may discard them. However, the ones that you feel are way too important, you should put them in the legal document that you will prepare before you eventually rent it out. Make sure that you are clear while conveying the rental amount and the rental period which also should be stated in the legal document.

 

Renting the heavy equipment not only gives you money during your bad phase but also leaves the possibility of you returning into this business after a short gap which would not be possible in case you decide to sell it off.

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