3 Reasons Why Renting a Dump Truck Might Be Your Best Option

Having access to the heavy equipment you need can make any job easier to complete. A dump truck provides a simple way to dispose of large quantities of debris, but buying a dump truck might not always be the best option.

If you are thinking of investing in the purchase of a dump truck for your business, you might want to consider renting instead. Here are three reasons why renting a dump truck might make sense for you.

1. You have a low usage rate.

Dump trucks are best suited for jobs with large quantities of debris to be disposed of. The average commercial dump truck is equipped to haul between 10 and 14 cubic yards of dirt or debris.

If you don't routinely complete jobs that generate this much debris, then purchasing a dump truck might be an expense you can forgo. Intermittent need of a dump truck is best served by renting a truck as the need arises instead.

2. You don't want to pay for maintenance.

When considering the purchase of a dump truck, it's important to determine if you have access to the mechanical knowledge required to maintain these large pieces of equipment. Routine maintenance is essential when it comes to keeping a dump truck in working condition, and if you are unable to complete the maintenance yourself then you will need to invest in the services of a skilled mechanic.

This maintenance can be an added expense that smaller companies cannot absorb. By renting a truck instead, you leave the burden of maintaining the vehicle on the shoulders of the rental company. Be sure that you take the time to factor in maintenance costs when evaluating the feasibility of purchasing a dump truck in the future.

3. You want to conserve your financial resources.

A new dump truck can cost anywhere between $100,000 and $150,000. Even a used dump truck will set you back $15,000 to $100,000. If your company is just getting started or doesn't have the financial resources to fund the down payment on an equipment loan, then renting a dump truck will most likely be your best option.

By renting a dump truck as needed, you can eliminate the financial burdens associated with a heavy construction equipment loan. This reduces the strain on your financial resources, allowing you to grow your company without the financial restrictions of a dump truck payment.

Renting a dump truck can be a beneficial option for many companies. Be sure that you take the time to evaluate your needs to determine if renting a dump truck is the best option for you. For further questions, speak with a representative from a company like Skippers Trucking.

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