These are challenging times we’re living in. With the pandemic creating global chaos, the impact on the economy remains to be seen. But what kind of impact will we see in the construction industry?
The big, top dog contractors of the world such as Turner and Keiwit will definitely be able to bounce back, but what about smaller businesses? Most contractors have construction projects already scheduled. These will last until the end of Summer or early Fall. The big question is, what comes next?
Alternatives to Buying Outright
The uncertainty of the economy still hangs in the air. Equipment for construction is costly. With the pandemic still at large, making a big purchase may not feel wise. In light of this, rent to own equipment may be the answer.
Large dealers, like Sonsray Machinery, can offer you a cost effective solution. Short term and long term heavy equipment rentals are available. In any machinery rental, you pay for the utilization and return the machine when the contract is up.
But what if you find yourself interested in permanently adding the machine to your fleet? We offer a risk-free rent to own equipment option.
Renting is a great way to test out a new Excavator or Backhoe at minimal risk to your business. Then, if you find yourself making use of the machine, you can pursue a rent to own equipment plan. The risks are very minimal even if you have a low credit score.
How Does it Work?
You need equipment for construction. This heavy equipment is costly. One solution is renting to ultimately own the machine. This would offer you a more achievable payment plan than buying the machine outright.
- Your business may rent any equipment for construction without the intention to purchase. You do not need to make any commitments upfront.
- Let’s say that you decide you want to own the machine. You obtain the rent to own agreement with no credit check. A percentage of the rental fees you have already paid can be applied toward a down payment. This will allow you to purchase the machine and add it to your fleet permanently.
- If you sign up for a rent to own agreement, you can change your mind at any time. You are eligible to return the machine during the rental period. You can cancel the sale at any time without affecting your credit. There are no risks involved.
Why Rent to Own
Rent to own equipment for construction is an excellent alternative path to purchase. This option is particularly suitable in our current economic climate.
This way, you can get the heavy equipment your business needs at minimal personal risk. It also gives you the chance to test out the machine, and consider your decision.
Large dealers like us will have a variety of RTO (rent to own) options. For example, we have various monthly plans. Three, six, and even twelve month plans are available. Our experts are always open to discussing what timeline is right for your business.
Working with a heavy equipment distributor will allow you to rent to own an excavator, or whatever machine you’re in the market for. No job is too big or too small. Construction equipment is pricey, and RTO is a great solution.
At Sonsray Machinery, we employ specialists who have the knowledge and experience to help you make informed decisions. We are the largest authorized CASE CE distributor on the West Coast. We can help you find the right machine for your business.