This week, it was announced that Tradesales, a national heavy-duty storage, workshop equipment and relocatable site solutions manufacturer, will receive…
Tradesales Hydration Stations are relocatable site solutions designed for remote worksites in extreme outdoor environments, equipped with powerful air-conditioning, comfortable seating, and the best in ice machines, water dispensers, and freezers.
Our Hydration Stations are available with many options, but we’ve recently included one more: rental instead of outright purchase.
This short article discusses the pros and cons of buying and renting.
The pros of purchasing a Hydration Station
Cost savings in the long run
Over time, the cost of hiring a Hydration Station can add up and exceed the cost of purchasing one outright.
Customisation options
When you own the Hydration Station, you can customise it to meet your specific needs. This can include adding features that are not available with a standard system, such as adding bench seats, extra doors, or additional ice machines.
Greater efficiency
When you own a Hydration Station, you can schedule maintenance events at a time that is convenient for your operations rather than having to wait for a hired system to become available. This can help minimise downtime caused by equipment failure or breakdowns.
The cons of purchasing a Hydration Station
Upfront cost
While you can put a cost on the health and well-being of your team, a Hydration Station is still a sizeable investment, which means that purchasing it outright might not be feasible for some businesses. The upfront cost can be significant for some companies, particularly for small to medium-sized operations. This can make it difficult for them to invest in the equipment.
The pros of hiring a Hydration Station
Cost-efficiency
By hiring a Hydration Station, businesses can avoid the upfront cost of purchasing one outright. Instead, they can spread the cost of the relocatable site solution over time, which can help to make it more affordable. In some cases, hire payments may be tax-deductible, further lowering the overall cost of the equipment.
Flexibility in changing circumstances
Hiring a Hydration Station provides flexibility in the changing circumstances of your operation by allowing the worksite to adjust the number and types of systems in use to match the changing demand, equipment, and operational needs. It also allows them access to the latest technologies and features without committing to long-term investment.
Reduced business risk
Hiring a Hydration Station can reduce business risk by allowing the return of the system at the end of the hire period, which can help avoid owning equipment that is no longer necessary for the business, minimising storage costs, and reducing disposal costs. Hiring also allows companies to adapt to market changes quickly. This can be especially important in the mining industry, where market conditions change rapidly.
The cons of hiring a Hydration Station
Limited customisation options
When hiring a Hydration Station, customisation options will be limited. This means that if you have unique needs – such as adding a small first aid area – the relocatable site solution may not meet the exact needs of the operation.
Cost of renting overtime
As mentioned, rental costs can add up over time and sometimes exceed the cost of purchasing outright. Consider the size of your operation and its duration – purchasing may be more cost-effective for larger operations or projects expected to last a long time.
Summary
Both purchasing and hiring a Hydration Station can be the right decision depending on the circumstances, your specific needs, and your budget. Larger operations or those with unique requirements may benefit from purchasing a fully customised system, while smaller operations or those with limited budgets may benefit more from hiring a system. Ultimately, the decision should be based on the specific needs of your business and the resources available to it.
If you need help deciding on which option is best for you, our technical sales consultants are happy to help and can be reached at 1800 999 521 or sales@tradesales.com.au and join our mailing list for regular updates on our products and capabilities.
