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	REASONS TO THINK HIRE IT! RATHER THAN BUY IT!
	Breakdowns
	Virtually all equipment is subject to occasional breakdowns. However, when hired equipment break downs, idle time is minimised through replacement by the hire company and repair costs are minimized.
	Maintenance
	Hired equipment includes full maintenance, no repair shop, no spare parts inventory, no mechanics, no added maintenance payroll of maintenance record keeping.
	Equipment Obsolescence
	Ownership of equipment involves the risk of rising wage costs and slower job completion time due to owning worn, obsolete models.
	Minimum Inventory
	Ownership can be very expensive when equipment is idle. Combining ownership of basic equipment with hired equipment as needed will minimise idle time.
	Right Equipment for the Job
	Eliminate the hidden costs of inefficiency due to use of wrong size or type of equipment and the maintenance and repair incurred. Hiring equipment ensures the right equipment for the job.
	Warehousing
	Use of hired equipment eliminates the need for large storage areas/buildings, thus overhead in your cost of doing business is minimised.
	Taxes/Licence's
	Personal property taxes and licence's costs are eliminated on hired equipment.
	Conservation of Capital
	Hiring equipment frees your capital for other potentially more profitable uses.
	Increase in Borrowing Capacity
	Contractors who hire instead of purchase find borrowing easier with better ratio of assets to liabilities since equipment does not appear on the balance sheet. The normal line of bank credit is not disturbed, a most important asset in securing bonds for work.
	Disposal Costs
	Preparing used, obsolete equipment for resale, advertising and selling time are factors of ownership that do not occur in hiring.
	Cost Control
	Knowing the true costs of owned equipment is difficult. Hired equipment offers you just one accountable cost figure, the hire invoice cost.
	Inventory Control
	The presence of continuous billing on hired equipment establishes personal accountability. Inventory loss due to pilferage is minimised.