Regarding the operating costs, they should be the same whether the equipment is rented or owned.
Most of the vehicles run on fuel and as known, the fuel takes the most of the operating costs which is a really helpful information to know from the construction equipment guide.
What is important to know is that this also involves the repairs, overhauls as well as adjustments which need to be reduced or kept in terms of costs.
14. Buying Equipment
The ownership of equipment is probably the biggest investment in a construction business.
In other words, it is the capital investment including insurance, taxes and license fees. According to a construction equipment guide, strictly depend on whether a machine is operated or not.
Buying an equipment has its advantages and disadvantages. Additionally, the main benefit of it is decreasing the operating hours costs whether it is for a short term or a long term.
