Rental Vs Purchase

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When considering rental vs purchase for your controlled bolting equipment there are some main areas to think about.

Rental Vs Purchase

How often will you be using the equipment?

If you are planning on using the equipment for just a few hours or days, hire is the sensible option. You need to take into account the cost of the item versus how long you would be looking to hire it for. If this is something you are planning on using long term, it may be worth taking the upfront cost of buying the equipment.

Try before you buy

Before investing hundreds/thousands of pounds on equipment, you may consider hiring it for a few days to check if this is the right equipment for you.

The risk of not having the equipment available

If you don’t have the equipment available on the shelf, there is the possibility of losing out on any urgent work. If your competitors have the items available on the day you are missing opportunities. By being ready to go for quick turn around projects, you are ready to take on more jobs enhancing your customer service.

Storage

Having the equipment available on the shelf requires you having storage space available. If you have the space – perfect. If not, then rental may be the better option. You can have the equipment delivered straight to your facility or the job, and return back to the supplier without having to worry about storage space.

Finance

Buying new equipment may not be in your budget at present, so rental is the more affordable option. It is worth looking into if the cost of ownership is worth it in the long run before making any large financial decisions.

Maintenance

By renting the equipment you don’t have to worry about any service or maintenance costs of the equipment. The company you are hiring from are experts in this area and you don’t need to worry about any replacement parts or warranties.

On the other side of this, if you own your own equipment, your staff can become the experts in it, which means they can service and maintain the equipment.

Rental Vs Purchase Summary

 

REASONS TO RENT

REASONS TO PURCHASE

For short term workFor long term work
Trial productsYou know this is the right product you need
If you don’t have the finances to buy newThe cost of ownership is worth it in the long run
You don’t have the storage spaceYou have storage space
No service or maintenance costsStaff trained on service and maintenance
 Able to offer products on quick turn around

As mentioned above, there are many things you need to think about when considering rental vs purchase of equipment. In the end, the decision comes down to what works best for you and your company. TJI Solutions is your one stop shop for all your requirements covering all industries and applications. Please get in touch today and we will be happy to answer any of your questions.

Services

 

TJI Solutions are proud to easily be able to supply a varied range of global leading brands for controlled bolting equipment hire & sale. With our established distribution networks and extensive hire stock, we are able to supply the best equipment available on the market. Including but not limited to SPX Bolting, SPX Powerteam, Norbar, Ingersoll Rand, Enerpac, Rapid Torc, Atlas Copco, Torque Safe and many more,  making TJI Solutions your one stop shop for all your requirements covering all industries and applications.

Hire Equipment from TJI Solutions:

  • 24/7 SUPPORT
  • FLEXIBLE RENTAL PERIODS
  • SAME DAY DELIVERY
  • OUT-STANDING QUALITY
  • NATIONAL COVERAGE
  • EXTENSIVE HIRE STOCK
  • NO MINIMUM HIRE PERIODS
  • HYDRAULIC TORQUE WRENCHES
  • HYDRAULIC BOLTING PUMPS
  • HYDRAULIC BOLT TENSIONERS
  • HYDRAULIC LIFTING PUMPS
  • BATTERY TORQUE MULTIPLIERS  & MUCH MORE

TJI Solutions – Torquing Your Language!!

Scotland: 01224 063 680

Sue.gallacher@TJISolutions.com

England & Wales: 0191 917 0576

michael.collins@TJISolutions.com

LinkedInwww.linkedin.com/company/tji-solutions/

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Rental Vs Purchase

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