Concrete Pump Rental - to Rent or Buy a Pump Truck

Posted by Amos Fred on September 13th, 2019

A concrete pump truck is a wise investment for any construction business. But do you rent one or buy one? It can be a difficult decision, with plenty of considerations to weigh in. Here’s what you need to know before you decide to rent or spend money on a new one.

Assess the volume

How much pumping work does your crew require? If your crew relies extensively on a concrete pump, then buying one is an investment that will pay for itself, the Concrete Construction says. Rental units, on the other hand, are better if you only use the equipment seasonally or when demand is high.

Maximize use

If you are spending more time on getting some of the pumping tasks done, think about using the equipment in numerous ways for your projects. For instance, use it to pump concrete for the walls and flatwork as well as the footings and more. By finding ways to maximize the use of the equipment, you get the best use out of every penny for buying the truck. If that isn’t feasible for many of your construction projects, you will save more by getting a rental instead.

Consider your budget

Can you afford to buy a concrete pump for your truck? If your business is young and you haven’t enough capital yet, then a rental is a good option. However, if you have the funds to get the equipment, and you need it extensively for your construction projects, consider owning one. While it’s true that brand-new pumps cost more, if you want to save on bills, don’t forget about second-hand or used concrete pumps for sale. Buying a used option can get you the equipment at the fraction of the cost of a new one, allowing you to get what you need without draining your capital dry.

Think about the future

Most entrepreneurs have plans to expand their businesses. If you are on the same boat, it’s a good idea to check out concrete pump options that you can grow your business with. Does it have the features you need? Can it handle the pumping capacity that is ideal for your projects? This will involve knowing what pumping capacity is right for your team. It’s not practical to get one with an ultra-high capacity if your team can’t provide the necessary support.

Check your schedule

One of the benefits of renting a concrete pump is that you get to use it any time you want to. If you rent one, you need to coordinate with the firm about rental schedules, For Construction Pros says. If a different company also uses the pump you need, you’ll have to wait until the schedule for that unit frees up. That can lead to delays. Buying your own concrete pump will give you easy access to the unit and allow you to use it according to your firm’s schedule.

Rent it out

Make money out of your purchase by renting it out. That’s one way to make the most out of the equipment you bought.