So, you’ve decided you’re in need of some new survey or safety equipment and now you’re asking yourself one of our most frequently asked questions; “Should I hire or buy my equipment?”.
This is a question only you can answer! There are many factors to consider when making the right choice for you.
What is the right decision for you can be the completely wrong decision for someone else! We’ve put together 3 key questions you should ask yourself before committing to either option:
1. How often will you use this product?
This is a vital question to ask yourself. Perhaps you’ve got a big project coming up and need a Total Station? If you will be using this product frequently and over a long period of time it may be worth buying as this could save money in the long run.
However, as always it depends on your budget! If you will only be using it here and there it would likely be more cost effective to hire.
2. What is your budget?
If you’re a larger company then budget might not be a problem, but for smaller companies this can be a real issue!
Even if it may be more cost effective to buy outright, if you don’t have the budget then this may seem impossible! Thankfully, One Point Survey offer finance options which can help you make that all important purchase!
3. Are you able to maintain the product effectively?
A question that some may not consider! When you buy a product, you take on the responsibility for maintaining and servicing it to keep it working efficiently! It’s important to take this cost into consideration.
When you hire tools service and support is all taken care of by someone else, which may be a better option for some.
At One Point Survey, we offer a comprehensive range of Survey & Safety equipment for hire! We can also often offer door to door delivery and collection within a range of counties! You can find out more about this service below.
Take a look at the list of advantages and disadvantages of hiring that we have put together for you to help you make the best decision on whether to hire or buy!
Advantages of Hiring
- Affordable/Spreads cost
- Service & Maintenance Covered
- Try Before You Buy
- Support & Advice
Disadvantages of Hiring
- Costly over long period of time
- You don’t own your product
Find out the advantages and disadvantages of buying below and make the best decision for you!
Advantages of Buying
- Can save you money in the long run
- You own your own product
Disadvantages of Buying
- Expensive outright cost
- Service, Maintenance & insurance costs
If you don’t want to hire but can’t afford to buy, why not consider finance? We are an appointed representative of Ignition Credit Plc which is authorised and regulated by the Financial Conduct Authority.
We offer very competitive rates flexible finance options, making purchasing survey and safety equipment much more affordable.
Find out more about how to apply for finance below!
If you have any queries feel free to contact us.
One of our experienced team will be happy to help
Phone: 0800 633 5131