How Rental Companies Can Stay Competitive With a New Approach To Financing

How Rental Companies Can Stay Competitive With A New Approach To Financing

Published in For Construction Pros

A major boom is underway in the equipment rental industry. Ongoing economic recovery and stabilization is fueling continued growth in construction, which is paving the way for rental companies to capitalize on burgeoning demand for equipment.

But with that demand comes the need for supply.

Rental companies are only as competitive as the equipment they have available to rent, and these companies are increasingly seeking solutions to help add in-demand equipment to their fleets. The challenge is that many rental companies believe that owning their equipment outright is the only strategy that will help them build value. A closer look at the intricacies of that approach reveals a much different result.

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