Renting vs Buying Equipment - Benefits of a Data Driven Approach

Originally Aired - Tuesday, March 14 • 1:00 PM - 2:00 PM

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Location: West Hall 203-205

Event Information

Title: Renting vs Buying Equipment - Benefits of a Data Driven Approach

Description:

Session Code: ES3

This session will provide contractors with an overview of the new technologies enabling a data-driven approach to analyzing the costs of renting vs. buying equipment. It will compare the benefits and drawbacks of both renting and buying, and provide insights into identifying the best strategy for making either option as cost-effective as possible. The session will also explore how equipment valuation and other data can help determine the most profitable solution for each job, equipment costs in monthly increments, and other key information.

Learning Objectives:

Understand the differences between renting and buying.
Know the chief rental benefits, including simplicity and elimination of downtime.
Learn about potential interest deductions and tax advantages.
Discover how to minimize equipment maintenance, moving and servicing costs.
Find out how data can help determine anticipated depreciation of equipment and average holding costs.

Type: CONEXPO-CON/AGG