Home Tools eBooks Hire, Buy or Rent-to-Own: Compare the options for construction machinery

The Renting Vs Hiring Question

Working in construction and earthmoving is a rewarding business, but one that is heavily dependent on supply and demand. Whether you are just starting out or anticipating growth, construction equipment can be expensive, with the average excavator costing $100,000 at a minimum, it is a big risk to take.

Many small business owners do not have the money needed to purchase equipment outright. Two options come into play: buy the equipment with finance, or hire the equipment. The question is, which option is best for your finances and operations?

In this eBook, we compare rent-to-own vs hiring, specifically looking at the similarities and advantages of each option. Learn how to determine the best option based on your future equipment usage. Download the guide and start exploring your options.

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Which is Best?

In this Guide

Determining your equipment usage

Determining your equipment usage

Comparison of cost and flexibility of equipment sourcing options

Comparison of cost and flexibility of equipment sourcing options

Similarities & differences between rent-to-own and hiring

Similarities & differences between rent-to-own and hiring

Advantages of rent-to-own and hiring

Advantages of rent-to-own and hiring

Cost comparison between the two options

Cost comparison between the two options

Client Case Studies

See how GoGetta customers right across Australia have made a success of their business

Construction

After doing his research, Carlos found GoGetta to be more appealing than the major banks and other traditional lenders for his construction business.

View Case Study

Earthmoving

Gogetta helped the earthmoving firm gain line-boring equipment to diversify and boost revenue by 30% during the downturn of the resources sector.

View Case Study

Construction

For Diego, the attraction of funding his company with GoGetta was being able to talk, learn, and negotiate with an actual person.

View Case Study
Video

Customer Success Story

“The process was much quicker than with the banks! There was far less paperwork and it happened really quickly,” explains Carlos Martinez – Owner of Colombian’s Machine. 

He is an owner-operator, occasionally hiring extra hands, but hopes one day to step back into a managerial role.

Watch the video to see Carlos’ story!

 

The Facts

Our construction customer insights show that despite 41% having a variety funding options, including the bank, they chose us due to our quick approval process and flexible contracts.

Rent Vs Hire

Fuss Free Funding

So you have weighed up rent-to-own vs hiring and made the decision to rent. GoGetta can fund new and used construction equipment – regardless of its age, mileage, or hours of use – for start-ups and established businesses. Our flexible Rent.Grow.Own® solution is aimed at helping you. In fact, if you purchase the equipment within the first 12 months, we’ll take 75% of the net rent you’ve paid off the purchase price. Your rent money isn’t dead money.

Find out more by calling 1300 513 884 or emailing [email protected]u or view our range of tools and calculators to see how easy it is.

Check out our latest online tool to compare your finance options

It will help you take the guesswork our of which finance solution is best for you and get your business on the right track.