Tag Archives: heavy equipment rentals

Unable to sell your heavy equipment – Try renting them

It is quite difficult to sell an expensive item how old it may be. You may just not get any buyers and this could be really frustrating at times when you are in dire need of money. At the same time, you may want to get rid of an expensive stuff that you no longer need but you are also not ready to sell it at a dirt cheap price which is why you are not getting more buyers. The people who are interested to buy the item often show their displeasure after knowing the price of the item.

People belonging to the construction industry have often experienced this kind of situation when they are hunting for buyers to sell their heavy equipment. Either you have to sell it at a cheaper rate or you just won’t get more buyers. The reason is simple. People who would be interested to buy a second hand heavy equipment will normally be small time contractors or small construction companies who have just begun their journey in the construction sector. They will have many strong reasons will not want to buy a machine that is though quite useful to them in their business is nevertheless expensive and out of their budget.

If you are part of such a situation it will be prudent for you to give up the idea of selling the machine and think about renting it. In this way, you can earn money on the machine and then the day you feel that it has gone real old and you will not mind selling it as scrap, get hold of a scrap dealer and finish the work. Till then stick to the idea of giving it on rent and earning money without having to do much. Many big construction companies who have lot of heavy equipment under their possession normally lease their machines to small contractors who in turn work for them in their projects. In this way, the machine is used for his construction work and he also manages to make good money out of it.

If you are not a giant construction company and do not possess too many machines to follow the above idea, you can play it smart by renting it to other contractors. You will find many such people who are in hunt of guys willing to lease their machine. You have to just talk to people about it. Talk to your friends who are contractors that if they know anybody who is looking to take the machine you have on rent. Try to spread it across to as many people as you can and you will get responses. Try to give a reasonable quote that is acceptable to the other party and if all sounds good then you should go for the deal.

Before you rent your heavy equipment please try to refurbish it by painting the machine and making it look new. People expect a machine that works and you need to ensure that the parts in the machine are in good condition and it will work for the period that it will be on rent.

Renting a backhoe loader

If you have an asset which you are not using and that can be rented should be let-out without giving much thought. The reason is if you just keep the asset with you and do not use it, with the passage of time it will wear out. This means that you do not gain anything from it and you are slowly losing out on an asset. This makes absolutely no sense. In the construction business there are many small construction companies as well as contractors who are in hunt of heavy equipment and are ready to give a good rental price if they get something worthy. So for instance, if you own a machine and you do not see any use of it in your business for the next many years then it just does not make any sense to keep it with you. You end up paying a good price to maintain the machine which you will not use for many years.

Backhoe loader is one such heavy equipment that is known for its sheer quality and high class performance. Therefore renting a backhoe loader can always assure you good returns. All that you need to ensure is that you keep the loader in good state. Keep the machine well maintained till the time it is there with you and you have put it to some use. Also before you list the machine for rent, make sure that it is up and running. Try to take some help of a mechanic. He can fix the loader if at all it has any issues. Moreover, you should paint the machine and make it look new. We all want to acquire new things in our lives. So what if the next guy will own it for few months, it will still prefer to take it once it is painted and it looks new.

Use online platforms:-

Listing the backhoe loader on an online platform is perhaps one of the best options you can use. There are number of websites that deals with selling and renting machinery online. Right from an air condition to a car, you can find everything online. You have to first become a member of one such website. Take some pictures of the loader and post it on the website. Give a brief description of the machine like since how long you hold the machine, if it has gone through any minor or major accidents or have you recently changed any of its parts and things thereon. This information will be handy for the viewer and will help them to decide if they should go for your stuff.

Do not quote a high price for an old loader:-

You should be very careful while you quote the price of the backhoe loader. If at all the machine is old and has been repaired several times, you should quote a lesser price for the item. The taker should not feel cheated or else it can lead to further complications. It will be a waste of time to get into such unwanted situations.

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Renting a motor grader has now become simpler

Construction of roads has now become a healthy business and many small contractors are lining up to get a piece of the cake. They want the road construction projects to be given to them so that they can make good money once the work is done. The overall cost of the project is understandably much lower than the actual contract price which is why contractors find it to be a comfortable one to get into. Now in the road construction project, motor grader plays quite an instrumental role. The primary function of the motor grader is to grade a piece of land and level it so that while you go to construct the road, there is no unevenness found on the surface. This process is normally done before placing asphalt on the surface of the road. In a nutshell, without the application of a motor grader, you will not be able to construct good wide roads.

Though these graders are not so expensive to buy but still contractors prefer to take them on rent. The reason is these machines are not used through the road construction process. It is only used wherever some sort of grading work is required. Alternatively, if someone owns a motor grader, he may not use it always. The need of a grader is quite specific and once the need is fulfilled the machine is left idle for most of the time. Therefore it makes absolutely no sense to buy a machine that has a lot of importance while building roads but has a very specific purpose attached to it and can’t be used for multipurpose work. The best option is to take it on rent for few months and once the work is done and you no longer need the machine, you can give it back to its owner.

This limited need of the machine gives rise to another form of business and that is renting of motor grader. There are some companies who buy graders in bulk and then they let it out to the ones who need them for road building. These companies work in close nexus with contractors who are primarily engaged in road construction work so that if ever anybody requires a grader, they can make it available for them. The rental amounts they charge from these contractors are a bit lesser than the rentals charged normally.

Now for individuals who have bought a grader and do not need it for some time can rent it on websites or can simply approach these companies who in turn will route the machine to someone who needs it. They may charge a certain amount of fee for their services. An individual can first try it out on a website and check if he gets some response and in case if things do not work out for him there, then he has these guys who can get it done for him. Overall, a grader is such a machine that has pretty decent demand in the construction arena and will never find it idle if someone wants to rent it out.

Renting a bulldozer can pay you off handsomely

We buy heavy equipment on the basis of our needs and it has been often seen that after upgrading the heavy equipment, we are ultimately left with 2 machines of the same stature. So what we eventually think is to do away with the old one since we do not see any need of it. Well, we are wrong if we think about selling it off unless the machine is too old for anybody to use it and you sell it as scrap. However, when you have the option to rent the equipment why go for selling it. Bulldozer is often the first equipment possessed by a contractor. He may need it for his demolition business but then after a point in time he will think of upgrading his arsenal and might buy another one which is far more technologically advanced. In a situation like this, he can end up renting the previous machine and continue to make recurring income.

There is always a market for renting bulldozer:-

Bulldozers will never find themselves out of market. As long as the construction industry is in existence, dozers will have their place in this segment. Therefore, the dozer you have and you may not need it will always find someone who will want to use it. You can let it out to them by making a contract for a week or month or year or more than that and also fix an amount that you will get as a compensation for letting the other person use your machine. There are many contractors who are in constant hunt for dozers as they can’t afford to buy a new one. They are pretty happy to pay the rental money in lieu of the dozer.

Dozers are eye candy for demolition business owners:-

People who are into the business of demolition do not intend to make big investments. As a matter of fact, this is probably one of the few businesses where you do not need a lot of capital to invest to kick start your business. All you need in the form of heavy equipment is a dozer and few accessories that you need on the dozer. They certainly do not want to buy a dozer which can prove to be very expensive to them. The best alternative for them is to get it on rent. Since the rentals of dozers are comparatively cheaper than other heavy equipment, it certainly fits into their pocket. Simultaneously, getting a demolition job is simpler; they can easily afford to pay the rents without any defaults.

Can demand higher rent if machine is in good condition:-

The instrumental factor that determines the rental price of a dozer is the condition of the machine. If the machine is in good health then the price can be a bit higher but if it is not then you can’t expect a good rental value from it. This means that you got to take good care of your machine whether it is in use or not so that if ever you have to let it out, you can get a good price for it.

Rent an excavator

For guys who has lot of heavy equipment that are lying idle for the time being and they are unsure as to when they might need them again they can rent it out to people who will make some use of it and keep the machine in working order. If you keep heavy equipment idle for a long time and then all of a sudden start using it, it will generate issues. It may just not start or might give problems for which you need the help of a mechanic to get that sorted. This is why it is always better that you rent the machine out to someone who can use the machine and also pay you the rental.

There are some companies who solely deal with renting heavy machines to contractors and other small and big sized construction companies. As a matter of fact most of the big construction companies to a certain extent depend upon rented heavy equipment. The big sized companies hire contractors for the job who in turn largely depend on rented heavy equipment. This means that as long as you have a thriving construction industry, the parallel business of renting heavy equipment will never run dry. One of the most common heavy equipment that is used in almost every construction jobsite is an excavator. So you will normally find the demand for excavators on an increasing trend and if you have them in plenty then you can for sure make good sum of money by not doing anything.

All you got to do is simply rent them out to contractors or construction companies and ensure that they do not misuse it or overload it with work. Normally people have the tendency to get more work done on heavy equipment that are rented. They know that they do not have to keep the machine with them forever and therefore do not have to bother about the maintenance and service costs. Since it belongs to you, you are supposed to make sure that the excavator is not overloaded with work and is also serviced at regular intervals.

You can rent your excavator by listing the machine on an online portal. Portals that are meant for renting heavy equipment should be used for this purpose. Register on one such website and take few pictures of the excavator to post it on the listing. Please mention the model number of the excavator on the title of the listing and be a little descriptive about the machine. You may want to add things like the age of the machine and few of its features that will attract the attention of the prospect. The pictures that you add should be clear for the prospect to make out if at all the machine is worthy to be taken on rent.

Leave your number on the listing for interested people to contact you and if they want to inspect the machine you should not have any problem with that. The website will charge you some fees to list the item but that will be too nominal and should not be an issue.

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.

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Rent a wheel loader

If you have any heavy equipment that is out of work for any reason other than it has stopped working you can always try to rent it out to guys who can make good use of it and will also pay you for renting the machinery. There is absolutely no point to keep heavy equipment idle. It will catch rust if it stays all season not doing anything and then one day when you need the machine it will just not start. It is better to keep the machine in active mode so that the engine remains in order. Heavy equipment that deal with loading construction debris have huge demand in the sector. They never run out of business as you will always find some or the other construction work happening in and around your vicinity and whenever there is some construction work going on it will also involve debris that needs to be loaded. This is why you require heavy equipment that can do the work for you and what better option you can have other than a wheel loader.

When we talk of wheel loader it is not restricted to clearing off construction debris but also during this season of the year when we have snow all over the road, the wheel loaders play a pivotal role in clearing off the snow from the road. You can attach bigger buckets to gather more snow which can get the work done faster. This however increases the demand of the machine amongst contractors who are incapable to buy it. So if you have a wheel loader and you do not see much use of it for the time being you can simply rent it out to people who need it. To find a guy who will take it on rent will not be a difficult task at all and all you need to do is list the machine on an online portal that deals with renting heavy equipment.

An online portal is perhaps the most convenient and hassle free way to list heavy equipment for rent. But before you list the loader, please ensure that the machine is in working condition. You will not want to give a dead one and expect to get money in return. No doubt the person before taking the final call will inspect the loader and may even bring some expert along with him who will check if it is worth taking. This is why it makes ample of sense to redo the machine before listing it. You can then ever demand a higher rent and people will be ready to pay for it if they find it worthy.

Before you list the wheel loader on a website, you need to do some research to know the rental price that you should quote. You can’t quote an unimaginable price and if you do so you will not find any takers. So try and know the market price and what others are quoting. You can then quote a similar price or may be a bit more based on the age and performance of the loader.

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Renting your heavy equipment can fetch you good money

Big construction companies are always in search of state of the art technology machines and the ones that are redundant; they have to take the call to either sell it off or to give it to somebody on rent. Selling could be a good option but at times it becomes real tough to get buyers. Not everybody has enough money to spend in buying used heavy equipment and that too when they know that their project is only for a limited period of time and thereafter they may not need the equipment for the next many months. The big companies can’t sell their used machines to another big construction house. They have to look for small companies or contractors who ideally take machines on rent and once the work is over they give it back to the owner.

This ideally leads to two things. Since the owner do not require the machine and also does not want to keep it idle can make full utility of it and in turn can also earn some descent money and the taker in other hand also fulfills his requirement. Therefore it serves the dual purpose and makes life simpler for both the parties. However, there are few things that is needed to be taken care before you put the machine on rent.

Check if the machine is in good order:-

Since the machine was lying idle for days, there are high changes that the machine is not functioning as it should have been and therefore it becomes your priority to check if it is in good working condition. In case you see the equipment has become non-functional, take help of an expert mechanic to fix the machine. Try to replace all the faulty parts with new stuffs and ensure that you give the equipment in the same condition you would like to take had you been the taker. It is also important to paint the machine or remove any dents to give it a new look. Add some stickers on the dent to cover it.

Making an agreement is a must:-

When you are renting your equipment, it becomes very crucial to make an agreement putting every possible clause that keeps you on the safe side and also ensure that your equipment will be in order. You should state in the agreement that if anything goes wrong with the machine then you have full authority to charge penalty. An agreement will protect your rights and also the right of the taker. Hire an attorney who has experience in making such agreements. They may know what all clauses should be there in the agreement and will prepare the draft keeping in mind the interest of both the parties into consideration.

Make a quarterly visit to check your equipment:-

You must clearly state that you would like to make a quarterly visit to check your equipment The person who will be taking your equipment on rent will realize that you give lot of importance to your machine and this will compel him to take good care of your machine.

Renting construction equipment will turn out to be prolific in the long run

Construction business has been continuously doing well for the last many years. Though it is haunted by certain ups and downs that can be said to be a part of any business, it has been a fruitful business for many who have managed to strive through the downs of the market. Similarly, there are many people who are becoming a part of this industry and are in constant hunt of quality heavy equipment. Since heavy equipment are high priced items, most contractors find it difficult to purchase it and therefore they depend heavily on companies that give them on rent. Now this particular need of heavy equipment has given rise to another business and that is renting construction equipment. So people who know about construction machines can also see a career in this business. As a matter of fact, many operators and mechanics have come together and have started this business through partnerships. They see huge potential in it and many of them are also doing well.

People who know about heavy equipment should get into it:-

Renting construction equipment business may not be for everybody. It is perhaps only for them who has sound knowledge about heavy equipment and has worked in the respective industry for quite a long time. People who have studied and worked on construction equipment will also understand the requirements of their client and in turn will be able to get the right stuff for them or give them the correct advice.

It may be risky for guys who have just completed their studies in heavy machineries and wanting to give it a shot. They may lack experience and this industry requires a lot of experience or there is a wider chance of losing clients. There are many people who are readying to take your clients and serve them. Also it is definitely not for folks who do not have absolutely any knowledge about heavy equipment. They may end up losing all their money that they have invested in the business.

Do not expect profits in the first few years:-

It will not be a wise thing to expect profits in the first few years of your business. Though there is every chance for you to incur profits but setting up expectation may not be the right way to take this further. Profits will happen once you gain momentum in your business and momentum comes only when you stick to your business for long. People start recognizing you for your work and more and more people will turn up to you to take construction machines on rent. You got to give them the time to know you. If there are other players, you have to prove that you are better than them and you can’t achieve that in a fortnight.

Be smart to beat competition:-

You will have a hard time beating your competitors. You got to be smarter than them. Outsmarting them is perhaps the only way out for you to make your mark in this industry. Come up with offers that sounds fresh and which might pull crowd to your shop.

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Renting an excavator

The most used heavy equipment in the construction and mining sector is an excavator. Right from forming a foundation for the building to clearing dirt, it is probably the only machine that is used for various purposes. So you visit a construction site and you will always get to see an operator working on an excavator. Since it is such an important heavy equipment, heavy equipment manufacturing companies are in a mode of producing technologically sound excavators and which is why they come in varying prices.

Other than that, different brands have different prices so if a person who works only on CAT or Komatsu may have to pay slightly more than excavators produced by other brands. But there is a better option for people who work on seasonal basis or may need the machine on a temporary basis. It makes no sense for them to buy an excavator to meet their requirements. On the contrary, they should be borrowing the machine for few months and once the work is done, give it back to the owner.

Such people can go for taking the excavator on rent. Here they have to pay monthly rent to the owner for using the machine and one their work is done they have to give it back to the owner. However, they have to maintain one important thing and that is the machine should be in order. They have to return it the way they got it from the owner. So just in case if there has been any minor dents or some part of the machine has gone faulty, they need to fix it before they hand it over to its owner.

Finding an excavator on rent is no big problem. There are plenty of companies who deal with renting heavy equipment. These agents have tie ups with owners of heavy equipment who do not use their machines and wishes to let it out. All you got to do is get in touch with such companies and check if they can arrange for an excavator. You name the model number and the attachments you need in the machine and they might get that for you. Well attachments are never an issue. You can always modify your excavator as per your needs. You can add a bucket to put the dirt in on simply increase the neck of the machine. What you need to know is if you can add any attachments on the excavator.

So let the renting company work for you and once they give you some options, check which one suits you. No doubt the excavator should be a good one but the owner should not overprice it and make it look expensive for you. So you should make it ample clear to the agency about your budget and the duration that you may need the equipment. Remember that the company will charge you an amount as their fee so you should get the best and your requirements should not be compromised.