If you've always believed that renting machinery instead of buying it outright is poor economics, then Yellowgate Group would have you think again.
The equipment rental specialist says that one of the biggest misconceptions throughout the equipment industry is asset hire equates to dead money.
National Sales Manager, Noel Rosario, says the notion is simply untrue.
"There are a variety of reasons that make renting machinery a better option compared to buying or using traditional financial instruments," he said.
"For example, a business could be experiencing high growth today, but deep down they have a burning desire to eventually own the equipment outright tomorrow.
"They could be seeking a manageable operational expense that isn't cash intensive up front; and is unlikely to affect their future borrowing capacity.
"Or they could be still setting up following a recent acquisition of a pre-existing business - and the primary focus is to preserve working capital, reap the benefits of the asset immediately and capitalise on it later.
"They understand that access to the right equipment through a flexible solution like our Rent Now Buy Later (RNBL) product - shouldn't be a barrier to growth."
The innovative solution provides a flexible option that sets clients on the path to future asset ownership.
Accumulated rental payments may contribute towards the overall cost, making it an appealing choice for those looking to eventually own the equipment.
"In addition to the flexibility of our product, it helps that we have built a reputation for deploying assets anywhere in Australia, fast," Noel said.
"But most importantly, we've got the ability to grow with our customers businesses as they adjust their fleet requirements."
The Bundanoon experience
One happy beneficiary of Yellowgate's RNBL solution is Bundanoon Sandstone Quarry in the heart of the Southern Highlands in NSW.
This story is from the October - November 2024 edition of Earthmoving Equipment Magazine.
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This story is from the October - November 2024 edition of Earthmoving Equipment Magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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