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Why Rent From Expedition Rentals

Here are 12 reasons to “Think Rental” . . . and improve your bottom line

  1. Minimum Equipment Inventory: Equipment ownership can be very expensive, especially when that equipment is idle, as owned equipment often is. By combining ownership of basic equipment with rental equipment as needed, idle time and cost is minimized.
  2. Right Equipment for the Job: Ownership of equipment can add two hidden but very real costs to your job.
    • Inefficiency due to the use of the wrong  type of equipment
    • Additional hidden costs of maintenance and repairs incurred by using your own equipment. Rental equipment ensures the right equipment for the job.
  3. Warehousing: Warehousing sites are seldom needed for rental equipment. Some contractors actually operate successful oil field related businesses with little more equipment overhead than the cost of a telephone by having Expedition Rentals act as their warehouse.
  4. Breakdowns: Virtually all equipment is subject to occasional breakdown. However, when rented equipment breaks down, it can be quickly replaced by Expedition Rentals. Time losses on breakdown of your owned equipment are eliminated.
  5. Maintenance: All of Expedition Rentals equipment is maintained by journeyman technicians to the manufactures specifications. 
  6. Equipment Obsolescence: Manufacturers are constantly trying to capture a bigger share of the market by designing new, faster, and more efficient equipment. Ownership involves the risk of rising wage costs and slower job completion time due to owning equipment that has become slow and inefficient compared to new models. On the other hand, Expedition Rentals keeps an updated inventory of the latest types and models of equipment.
  7. Disposal Costs: It costs money to sell any type of used equipment. Preparing the equipment for resale, advertising and selling time are important costs factors of ownership that do not occur in renting.
  8. Cost Control: Better cost control is possible with rented equipment. Knowing the true cost of owned equipment is difficult. Rented equipment offers you just one accountable figure: the cost shown on the rental invoice.
  9. Inventory Control: You, as a contractor, will find you have less inventory loss due to pilferage when you rent equipment rather than purchase it. The presence of continuous billing on rented items tends to establish personal accountability for them. It is difficult to establish personal accountability on a large amount of owned miscellaneous equipment. On the other hand, equipment rented from us that must be ultimately be returned, somehow seems to be watched with sharper eyes.
  10. Licenses: There are no equipment license costs for the user of rented equipment. These are substantial costs that must be added to the cost of owning rather than renting.
  11. Conservation of Capital: Renting equipment rather than owning frees capital for other, potentially more profitable uses.
  12. Increase in Borrowing Capacity: The contractor who rents rather that buys generally finds borrowing easier because he has a better ratio of assets to liabilities since the equipment does not appear as a liability on his balance sheet. This means that the normal line of bank credit is not disturbed.
Pick Up Location

Expedition Rentals Pick Up Location

4915 101 Ave
Edmonton, Alberta
T6P 0L6

Phone: (780) 932-2746

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