![]() No long-term commitment: Rental gives you the ability to use a specific machine to complete a job without making a long-term commitment to a specific size class.As a generalization, a longer-term rental over multiple months will typically run 4% to 5% of the cost to purchase plus you avoid the sales tax required with outright acquisition. Availability of capital: Renting can help to maintain financial fluidity during times of uncertainty, such as we saw throughout much of 2020 and into 2021.A number of factors have driven this trend. Rental’s RewardsĬompact excavators have grown to become a high-volume rental item. There can be benefits to each, but they depend largely on the situation and equipment utilization. Leasing throws yet another potential acquisition option into the equation. The question becomes whether it’s more practical to buy the unit and have it on hand when and where it’s needed, or if it’s better to rent until you know you have both the project backlog and mix to justify the purchase. The investment in even a smaller machine such as a compact excavator becomes a major decision. Clean machine – a cleaning charge of $200 will be assessed if machine returns dirty.The uneven recovery in construction activity coupled with uncertainty about equipment availability and prospects for future work make for tough choices when it comes to acquiring equipment.Freight will be charged from point of origin to job site with return to point of origin. Freight – Customer has the option to pick up and return the equipment by his own facilities, by the common carrier, or by LANO EQUIPMENT, INC., if we are available.Failure of any shutdown system does not alleviate customer’s responsibility. ![]() Customer is responsible for stopping operation anytime machine overheats, loses pressure or loses prime. Abuse includes, but is not limited to, operating machine while low on ANY lubricant or coolant, oil pressure, excessive fuel pressure, or dirty filters. Repairs – Customer is responsible for any repairs resulting from lack of service, abuse or misuse.Units not returned with same will have additional charge due. Points, Edges, Teeth – All equipment will be shipped with 50% minimum ground engaging tools.Cutting edges, teeth, bits, tips, blades, etc.). Customer must also provide all wearable supplies, such as fuel, oil, filters, ground engaging tools (ex. Customer must repair or replace any damages incurred to machine, including glass & panels. Service – Customer is responsible to service and maintain machine as specified on maintenance guide, including checking all fluids and grease daily and returning the equipment cleaned.Tire Wear – All excessive tire wear or tire damage will be charged to customer upon return.Fuel – Customer is responsible for all fuel consumed. ![]() All rentals must be insured by customer policy number, documentation must be present before equipment leaves premises.
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