Despite the number of plant hire companies in Australia, many business owners are still wondering why it’s beneficial to rent machines and equipment from plants rather than buying it. Unknown to many, there are infrastructure companies that go out of business because of the obsession with owning machinery and the widespread belief that construction equipment is an asset. 

Profits are essential for any business to succeed. As a result, plant hire equipment enables established small businesses to maximise their profits by avoiding the investment expenditures associated with purchasing equipment. As a result of the following factors, firms in Australia can be successful by hiring plant equipment.

So, is a plant hire profitable?

In this post, we’ll find out. But first, let’s start with the basics.

What Is Plant Hire?

Plant hire refers to the practice of renting machinery, equipment, or vehicles for a specific period rather than purchasing them outright. The term “plant” generally refers to heavy machinery and equipment used in industries such as construction, mining, and agriculture.

Plant hire companies typically offer a range of equipment for rent, including excavators, bulldozers, cranes, loaders, dump trucks, and other specialized equipment. These companies may also provide tools and smaller equipment such as generators, compressors, and power tools.

Top 3 Benefits Of Plant Hire

Cost-Effective

Plant hire can be cost-effective depending on the circumstances. Plant hire involves renting equipment or machinery for a specific period rather than purchasing it outright. This can be a cost-effective option for businesses and individuals who require equipment for a short-term project or do not have the capital to purchase equipment.

There are several advantages to plant hire that can make it cost-effective:

Reduced capital expenditure: By hiring equipment, you do not have to invest in expensive machinery that may only be used infrequently. This can free up capital for other business needs.

Lower maintenance costs: The cost of maintenance and repairs is typically included in the hire rate, reducing the burden of ongoing maintenance costs.

Access to the latest equipment: Plant hire companies regularly update their equipment, ensuring that you have access to the latest technology without the need to purchase new equipment.

Flexible rental periods: Rental periods can be tailored to your specific needs, allowing you to hire equipment for as long or as short a period as required.

However, it is important to note that plant hire may not always be the most cost-effective option in every situation. For long-term projects, it may be more cost-effective to purchase equipment outright rather than continually renting it. Additionally, there may be additional costs such as delivery and collection fees, and it is important to carefully consider all costs before making a decision.

Ultimately, whether plant hire is cost-effective will depend on the specific needs of the business or individual and the circumstances of the project.

Avoid Storage Needs

Plant hire can help businesses and individuals avoid the need for storing heavy equipment, as the equipment is rented for a specific period of time and then returned to the plant hire company. This can be particularly beneficial for businesses that do not have the space or resources to store large pieces of equipment when they are not in use.

When equipment is purchased outright, it is the responsibility of the business or individual to provide secure storage for the equipment when it is not being used. This can be a significant expense, as it may require the rental of additional storage space or the construction of a dedicated storage facility.

By renting equipment through a plant hire company, businesses and individuals can avoid the cost and hassle of storage. Once the equipment has been used, it can be returned to the plant hire company, freeing up space and resources that would otherwise be required for storage.

Additionally, plant hire companies typically have their own facilities for storing and maintaining equipment when it is not in use. This ensures that the equipment is properly maintained and serviced between rentals, reducing the risk of breakdowns and ensuring that it is always in good condition when it is rented out again.

Various High-Quality Equipment

Plant hire companies generally offer a wide variety of high-quality equipment for rent. This can include heavy machinery and equipment used in industries such as construction, mining, and agriculture, as well as smaller tools and equipment.

Plant hire companies typically invest in high-quality equipment to ensure that it is reliable, safe, and efficient. This equipment is regularly maintained and serviced to ensure that it is in good condition and ready to use when rented out to customers.

Because plant hire companies specialize in renting equipment, they are often able to provide a broader range of equipment options than businesses or individuals who purchase the equipment outright. This means that customers have access to a wide range of specialized equipment for specific projects or applications, without having to invest in purchasing the equipment themselves.

Plant hire companies may also offer equipment from multiple manufacturers, providing customers with a choice of equipment brands and models. This can be beneficial for businesses that prefer to work with specific brands or that require equipment with certain features or specifications.

Overall, plant hire companies can be a valuable resource for businesses and individuals who require high-quality equipment for a specific project or application, without the need to invest in purchasing the equipment outright.