Today, more contractors are renting tools they need instead of buying them. Maybe it’s because their tool is in the shop or an extra tool could help on a big project; renting tools means fast, extra capabilities without spending an arm and a leg. For example, instead of purchasing a $3,000 advanced jackhammer for a special concrete job, contractors can rent it for $100 a day without maintenance or long-term costs. Home Depot says that two-thirds of its rental audience is still do-it-yourselfers but professional contractors make up the rest. This is definitely a growing trend.
Here are a few more reasons for the growing rental market among professional contractors:
- Top brand performance
- Tool variety
- Large equipment
- No surprises
It doesn’t always make economic sense to buy when you can rent. It also can be helpful if you need a temporary project punch or you’re caught short on the right tools for a job. Tool rental is quick, easy and affordable and many professional contractors are taking advantage of this.
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