Buying a crane might seem like a power move, but in reality, it can drain your budget faster than you think. In these modern ages, crane ownership is no longer a smart business decision.
The truth is—owning a crane is a big financial burden. Beyond the expensive upfront cost, there are also hidden expenses that most uninformed buyers overlook.
Before you lock yourself into a very expensive commitment, let’s break down why renting is the smarter, more profitable choice.
Hidden Costs of Crane Ownership
Buyers often only look at the initial expense when acquiring a crane. Hidden costs reveal themselves to those who do research. When these are evaluated, it becomes apparent that buying a crane is no longer practical.
Expensive maintenance
The heavier the equipment, the more expensive the maintenance costs. Cranes are powerful machines that require regular upkeep. Annual maintenance can cost up to 15% of its purchase price, or anywhere from $30,000 – $100,000 or more.
Storage costs
Cranes end up parked more than they are used. When they are idle, they need to be stored in a secure spot. Warehouse storage can cost around $2,000 – $3,000 per month, which adds up to $30,000 – $80,000 annually.
Insurance premiums
To cover liability and potential accidents, high insurance premiums must also be paid. These costs tens of thousands annually, even if the equipment is not in use.
Benefits of Renting a Crane
Crane rental is the modern lifting solution for businesses and private contractors. Whether for small projects or commercial ventures, it provides all the necessary machine power without the expensive costs.
It’s no secret that crane rentals have been growing in popularity in the last decade. This has transformed the way construction and infrastructure projects are done. Big and small companies continue to enjoy the advantages of renting instead of purchasing.
Some of the top benefits of crane rentals are:
- Cost Savings: Avoid upfront purchase costs, maintenance, and storage fees.
- Flexibility: Access the right crane for each specific project.
- No Maintenance Hassle: Rental companies handle repairs and upkeep.
- Reduced Liability: Insurance is typically covered by the rental provider.
- Expert Support: Professional setup and operation services included.
Why Businesses Trust Triangle Crane
Businesses trust Triangle Crane for reliable equipment and top-tier service. We provide more than just your standard lifting, we are your dependable partner. Our comprehensive services cover everything from HVAC lifting in Raleigh to residential construction and more.
Our goal is to help you elevate your business through cost-effective lifting solutions.
As one of the top names in our industry, we understand the challenges businesses face. Competition can be tough, and staying ahead means that financially smart choices should be made.
The Triangle Crane Advantage helps you save thousands of dollars by eliminating hidden costs. You can have access to a versatile fleet and have expert operators behind the wheel. The result—efficient, hassle-free operations that lead to project success.
Don’t know which crane is best for you? Read our guide on how to choose the right crane rental for your Raleigh project.
Skip the expenses—rent the right crane with us today!
