P&L Tool Solutions are often asked; what are the benefits of hiring vs buying tools outright. It’s a great question and one that our team will answer in full detail in this latest blog post. Benefits that we’ll highlight of hiring will include cost-effectiveness, flexibility, and access to the latest high-quality tools & plant hire.
Here at P&L Tool Solutions, we provide a wide range of tool hire, equipment and accessories throughout Plymouth and the South West Of England.
Access To The Latest Tools
When you hire tools and accessories from a reputable tool hire company just like P&L Tool Solutions, you are guaranteed access to the latest tools. Tool hire companies are constantly evolving and looking to stock the highest quality of tools and accessories to suit your bespoke requirements. By using the latest tools, you’ll be able to benefit from increased efficiency and complete jobs on time and to your allocated budget.
Flexible Tool Hire
As you would expect, when you hire tools, you use them as and when you need them. Whether you require certain tool hire for just a few days or for longer periods that may span over a few months or more, flexible hire is a top benefit of hiring vs buying. When you purchase tools, you are often tied down to payment agreements that may or may not include interest. You can avoid this when you look to hire as an alternative to buying outright.
Cost-Effective
It’s no secret that when you purchase tools outright, there is often a large upfront investment associated. When you hire tools, instead of buying, this helps to keep your costs significantly down. This is because you’ll only pay for your hire period, and for nothing else. As a result of this, you can likely improve your bottom line and/or reallocate those saved resources to further means of growth such as marketing or improving customer retention.
Eliminate Depreciation Costs
When you hire vs buy tools, you also eliminate depreciation costs. Just like a car, the more tools and accessories are used, the more they fall and decrease in value. Therefore, when you come to eventually sell, you are likely to get much less than what you originally paid. You can simply eliminate depreciation costs all together with hiring tools as an alternative. You’ll simply by hiring for the period you need and that’s the only associated cost you’ll have to worry about.
Increased Safety
As you’ll be well aware of, safety is paramount when dealing with tools and accessories in construction and various other industries. You receive complete peace of mind when you hire from a company like P&L Tool Solutions as we are fully compliant with all the latest health and safety regulations, and always ensure that our equipment is regularly serviced and kept up to date.
Try Before You Buy
Perhaps you are looking to invest in buying tools, equipment or other accessories. But you are first looking to try before you buy. Again, this would be a huge benefit when it comes to hiring tools. Hiring before you buy allows you to calculate how much you are likely to get out of the equipment so you can quantify if it’s indeed worth it to purchase and invest.
Looking for more information or a FREE no-obligation quotation from P&L Tool Solutions? Get in touch with us today by calling us directly on 07557 781914 or use our online contact form and we’ll get back to you promptly. We supply all types of tool hire and accessories including ground care equipment, mixers, wood chippers, plant hire, and more.
