Underground Infrastructure - November 2023 - 30

Construction Equipment
equipment can have peace of mind knowing they are ready to
go when the work comes in.
You're consistently renting the same size machine. If renting
a mini excavator originally seemed like the best solution but
you now find yourself going back to the rental center to use the
same machine time and time again, it may be time to buy. Also
falling into this category are contractors who find themselves using
their mini excavator rentals longer than expected instead of
switching it out for different equipment with each new job.
Additionally, purchasing a mini excavator gives contractors
the option to sell the machine and make money back if
they no longer need it.
The dealer offers rental purchase options. For contractors
who know buying a mini excavator is in their future but
can't get financing upfront or don't know which model to buy,
rent-to-buy programs can be an ideal solution. These programs
allow contractors to start using the equipment right away and
rent until they get approved for a loan or find the right model
that they want to invest in.
It's important to look at the big picture when considering whether to buy
or rent compact equipment. Buying often comes with financing payment
cycles that can last several years, so looking ahead at future utilization
opportunities is critical to determining return on investment.
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30 NOVEMBER 2023 | UndergroundInfrastructure.com
The equipment has a reputation for quality. Investing
in high-quality new equipment often brings the added convenience
of two-to-three years of minimal maintenance. Along
those lines, if the new machine comes with a better-than-average
warranty, that's a sign the manufacturer believes in the
quality of its equipment and it's likely worth the investment.
Some manufacturers offer warranties for new machines as long
as four years/4,000 hours - double that of many other manufacturers.
Telematic
programs are offered with purchase. One of
the newer benefits to buying a mini excavator is telematics
programs. Some manufacturers will offer the technology free
for a limited time with the purchase of the machine.
Telematics can help owners stay on top of service tasks by
tracking maintenance intervals and inspection items, as well
as detecting errors on the machine and sending information
directly to service personnel to streamline the diagnostic
process. Additionally, telematics systems can include integrated
theft protection, real-time operational status of the
machine and other helpful data that can improve job-site
productivity over time.
Final considerations
Just as it's important to examine factors such as market conditions
when determining whether to rent or buy a mini excavator,
it's also helpful to have a good understanding of inventory.
Supply chain issues can have a negative impact on availability.
This can influence the purchasing decision based on what is
currently available from the manufacturer.
It's worth reaching out to trusted dealers to discuss options
or to learn about different rental and purchasing options. It
also pays to look into the manufacturer and learn about its reputation.
Are they known for reliable equipment and warranties
that back their promises? T
If so, that's a sign their equipment is worth the commitment
- whether that be for rental opportunities or investing
in ownership. UI
ABOUT THE AUTHOR: Buck Storlie is the Yanmar Compact Equipment
North America Aftermarket Director.
FOR MORE INFORMATION:
Yanmar Compact Equipment, (800) 205-9913, yanmarce.com
http://www.UI-Conference.com http://www.yanmarce.com http://www.UndergroundInfrastructure.com
Underground Infrastructure - November 2023

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