Most people know that renting is cheaper than buying in the short term, but there are plenty of reasons on how you can save in the long term as well. Oilfield Equipment Services should help you not only rent the proper equipment but also with a host of other services. Whether that is renting the right equipment, or renting specialized oilfields and drilling equipment, your equipment services provider should be able to help you with this.
Renting helps you avoid large capital expenditures as well as maintenance costs. You can also test the newest equipment and try new models and technologies. You can evaluate equipment before making a purchase, leverage the equipment knowledge of the rental company, and gain access to equipment that you only need for a short while.
Rentals do not qualify for tax advantages associated with asset ownership. This means that you may spend more in the long run. The only issue is that if you buy, you will also need to store the equipment yourself. If you are trying to decide between renting and buying, you should conduct a detailed financial analysis to determine whether renting or buying a particular machine is the best choice.
Services To Expect When Renting Oilfield Equipment
Find a Partner
Often, rental customers approach the rental dealer seeking a certain piece of equipment. They also hope to find it at the lowest rate. This is the purpose of renting and can help you find a good rental solution, as well as a partner.
By renting, you can sit down with the service provider and solve problems. They can help you find solutions at the lowest price possible. Although this was once not necessary, it is now a necessity.
Help you Keep an Open Mind
As oil prices dropped, many people are switching to alternative fuel sources. This means temporary power systems that use alternative fuels. This has removed the number of diesel delivery trucks from the road and extended the time between equipment maintenance periods. This has provided a new time to think differently. This can be scary, but also exciting. Your service provider can help you move through this process.
Look Beyond Rental Price
The most expensive item isn’t the best and the cheapest item is not the worst. When you decide on a rental company, you should go beyond the cost. You need to be sure to understand the capabilities of the rental companies. You should also look at the service response time, the parts that they stock, and what happens if the machine breaks down. How soon would they replace the part if necessary? Most importantly, are the technicians qualified? All of these questions are worth the extra few dollars.
What to Expect
When it comes to choosing a service provider, you should know what they offer. Contact us today to learn more about what we offer, for the best service on the market.