Tag Archives: heavy equipment rental

Things to keep in mind before renting heavy equipment

Small construction companies often find it difficult to function due to non-availability of required heavy equipment. Heavy equipment being an expensive piece of metal, they often themselves to be incapable of buying it and therefore they try to use some alternative which falls within their means. For such companies, the advice that one can give is that they should start looking at heaving equipment which is available on rent. Buying heavy equipment can definitely be an expensive affair and no small construction company can afford to go with that as an option. So the next best option is to catch hold of a person who is willing to give the machine on lease. This means that you can own the heavy equipment for a temporary period and can make full use of it till the end of the project or till the time you require the machine. You certainly end up paying a small amount as rent but it is worth the stuff. You do not lose much from the deal. On the contrary you gain more than what you spend.

There are few things that one must consider before they start looking for heavy equipment on rent.

Check if the machine is in order:-

To check if the machine is in order is one of the most important criteria that the taker should consider before he signs on the dotted line. Many owners of heavy equipment lease out their age old machines thinking that they will get some takers for it. All that they do is they paint the machine and make it look new. Some are not even bothered to repair the machine as they feel that there is no much use of it as the machine will come to the same state as what it is now. If these things are not checked then the ultimate sufferer is the guy who takes the machine on rent. He has to call up a mechanic and get the machine checked and also spend money to replace vital parts which was in fact the responsibility of the owner.

Insist on an inspection:-

It is you who have to insist on an inspection of the heavy equipment. If you have been operating heavy equipment since years and you know the in and out of the machine, you can do the inspection yourself or it is recommended that you take along an expert or a mechanic who can inspect the machine for you and can advise your accordingly. This is quite important to be done as you know the actual state of the machine and if you have to make any further spending once you have taken it on rent.

Insist for a lease agreement:-

A lease agreement is a mandatory requirement for every rental contract. The contract speaks in volumes about the rights of both the owner and the taker. You should know your rights and also realize the steps that you can take in case you see yourself being cheated.

Rent your used heavy equipment

It is pointless to acquire an asset and make no use of it. As long as the asset is of some use to you or generates some sort of income it can be called as an asset but the moment you keep the stuff without gaining any monetary benefits in return or do not use it at all it no longer remains an asset and has every chance to turn into a liability. Heavy equipment is a much needed requirement in the entire construction sector. However, you do not need one machine to do all types of work. This means that once your need is done with the heavy equipment it will remain idle for months. The best way to generate income of the idle machine is rent it out to people who will make good use of it and will also pay you money for using the machine. You will come across lot many people who will be ready to pay you handsomely for using the heavy equipment. It is because no one wants to spend a fortune in buying a machine and then keep it idle once they see the use of it is over.

The market to rent used heavy equipment is big. You have multiple avenues through which you rent your heavy equipment. You can catch hold of a broker or a company that deals with renting heavy equipment, list it online on heavy equipment portal or simply check out on your own and see if you get hold of someone who is interested to use heavy equipment on rental basis.

Heavy equipment broking companies:-

These companies deal with buying dilapidated heavy equipment and then refurnish it by changing its vital parts and once that is done they either sell it off to new customers or let-it out. They buy those old heavy equipment at a comparatively lower price and give it a new life by changing the entire look of the machine and adding few additional features thus also increase the price of a completely junk item. Once that is done they do not see hassle in letting it out to small construction companies. These guys can be approached if you want to let out your heavy equipment. The machine need not be with them but you can hand over the pictures of the stuff to them and they in turn will find the guy who wants it on rental basis.

List the heavy equipment online:-

There are plenty of online portals available that deal with letting out heavy construction machineries. They charge a nominal fee to provide the online service. All you have to do is list the machine after putting some pictures of it on the portal. Provide your contact details so that interested prospects can reach you and come to inspect the machine at a time convenient to you. If they like to go with it, you should prepare an agreement that would state all the necessary clauses and should be signed by all the parties.

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Rent an off road articulated truck

Imagine that your excavator is sitting on a huge pile of mud and needs to clear it off. In such a situation an off road articulated can get that cleared off in no time. The excavator can fill all the soil in the truck and the truck will then ferry the mud to a dump yard and dispose the mud. An articulated truck is of immense importance in the construction sector especially in the excavation demolition and mining business where they excavate earth and then load the stuff in the truck to ferry it to the dump yard. A big jobsite needs on an average 10-15 articulated trucks at a time to do the job. This shows the importance and also the growing demand for these trucks in both the construction and mining sectors. In such a situation if you have an off road articulated truck which you want to rent you can expect lot of takers for it. You only need to ensure that the truck is in good working condition and is not very old.

To rent an articulated truck should be a simple task for you. You have to choose one of the options from a selective few. The options are as follows:-

Listing the truck on your own:-

This is perhaps the most simple and convenient way that you can adopt to rent the truck. All you need to do is get yourself registered on an online platform that is reputed and also known to many. Once that is done, list the truck under the “Rent” option and put the latest pictures of the truck on it. Write a bit about the truck as in how old it is and if there has been any issues pertaining to its performance and stuffs that you feel is important for the taker to know. The rental price that you quote should be in tandem with the market price. So please do not quote a higher price as long as you have strong reasons to quote that. If you are in this industry for long then it will not be difficult for you to come out with the appropriate rental price or else you do some research before mentioning the price. Prospects may turn away if they find the price to be on the higher side.

Give it to a dealer to rent it for you:-

This is perhaps the next best thing that you can do to rent an off road articulated truck. You walk-in to a dealer and talk to him about renting the truck. You hand over the keys to him so that if someone drops in to check out the truck he can do so without losing any time. You then have to just sit back and wait to receive a call from the dealer. Give him a week’s time and if you do not get to hear anything from him, give him a buzz.

Renting heavy equipment has turned out to be a big business as contractors do not want to buy heavy equipment and find taking machines on rent to be more affordable.

Online platforms have made renting heavy equipment easier

Many newbie after starting their business in the construction domain has experienced the problem of shortage of heavy equipment. It is because of this issue they lose many important projects that can be a life changer. This is when they feel dejected and some are even forced to shut down their offices. Well, as a matter of fact, things are not that bad as it may seem to be for guys who really want to make a career in this profession. Unquestionably, heavy equipment is very expensive but that does not mean that one can’t operate his business just because he can’t afford to buy them. Well, if you can’t afford to buy them you can definitely afford to take them on rent and that is the most viable option you can take to carry on with the business.

The question is how one can trace people who are renting their heavy machinery. This was a difficult job few decades ago but after the inception of internet that has taken over the entire globe this is no longer a challenge. There are numerous online platforms that are helping people to meet their business needs. It was not that the taker was experiencing the problem of not finding someone who is ready to let his machine but the owner equally experienced the same issue. However, with the advent of internet a lot of these problems have come to rest.

All you have to do is register yourself with an online platform that deals with buying, selling and renting heavy equipments. There are also other online portals that deal with almost everything. So you got to first ensure that you have reached the right platform. It is advisable that you register yourself with a website that exclusively deals with heavy equipment. Such online portals can be very useful as you will get to see heavy machinery of different brands and of different types. You will not be restricted to just one type of machine. You can just search for the thing you are looking you will get all under one roof. This was not possible before internet could make its presence felt to the people from the construction industry.

Though internet has been helpful to many people from all walks of life, but if we limit our focus to guys from the construction and heavy equipment domain, this technology has been nothing less than prolific. There are few instances where some buyers were cheated by fraudulent sellers but the online portal owners are looking into these cases and making their laws stringent so that rights of both the buyers as well as sellers remain protected. Frauds can happen in any industry and in any kind of environment. The rise of internet should not be blamed for any fraudulent activity. On the contrary, norms should be made so that renting heavy equipment online can happen risk-free and more people can reap benefit from this technology.

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.

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Heavy Equipment Articles

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.

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Heavy Equipment Guys

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.

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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.

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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.

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Heavy Equipment Guys

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.

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