For many businesses, keeping the cost of overheads low is a priority. Sometimes, this means owning essential office features, rather than renting – for example, when it comes to office space and office furniture. However, this isn’t always the case. With generators for instance, there are several advantages to hiring rather than renting one for your commercial property.
First, hiring a generator can often be more cost effective than owning one outright. That’s because owning a generator requires a significant outlay, one which will remain on your balance sheet long after your use of the generator in question is over. When you choose to rent a generator, you pay a monthly sum instead, thereby conserving your capital for other business purposes.
Flexibility and Generator Maintenance
What’s more, hiring a generator offers greater flexibility. This means that if your business is forced to move property – for example, due to a change in your lease or unexpected structural damage – your generator can easily move with you as well. What’s more, it also means that if your business grows or contracts, you can negotiate the terms of your rental to accommodate a larger or smaller capacity generator. In an economically volatile climate, this is often a particular advantage of generator hire for businesses in vulnerable sectors.\
It’s also important to remember that if you own a generator for your business property, the initial cost of purchase is only the first stage in your outlay. You’ll also have to pay for maintenance and support should something go wrong. When you hire a generator, maintenance may be included in your monthly rate, though details will vary between different generator companies. This should not only help you save money in the long run, but will also assist in consolidating your outgoings. So rather than seeing several generator-related payments leave your business at haphazard times, renting a generator means you’ll have just one payment to make each month.
related: Generator hire