When renting air compressors, you want to make sure that the equipment is ideal for the application you are using it for, but it also needs to fit your budget. The dollar amount on your quote is usually the deciding factor on proceeding with the rental, but is that number the bottom line?
Rental rates can be complex and if you aren’t careful, you could be setting yourself up for failure. It is commonly assumed that the price given on an invoice is the total amount of charges to expect for the rental, but unfortunately some providers do not list important factors just to make their initial price more appealing.
Potential charges can really add up damaging your budget and overall application use. When looking at rental rates, keep an eye out for the following:
- Oil changes– This type of maintenance is mandatory for equipment to function properly, but do you have the time and staff to assign this responsibility to? Also, if it is neglected, it will cause equipment failure which puts your entire application at risk. Some companies charge $600/month for “equipment services” if it involves an oil change.
- Fuel filter services – Again, a standard routine maintenance that needs to be taken care of. Who will be responsible physically and financially?
- Technical support from the provider – Imagine something is not working properly, do you have resources like additional staff, time allowance or knowledge about that specific machine to fix it? The best resource to use from a provider will be their technicians who are extensively trained for their products.
- Training on operations and features of the unit – Have you ever bought something and used it only to find out months later that the product has a feature or benefit you never knew about? This is especially frustrating when renting a product because you have a certain amount of time for your project and you want to ensure full benefits are being utilized for maximum efficiency and performance. Some providers charge up to $150/hour just for a technician to give a rundown of the equipment.
- Equipment swaps – Should the equipment fail, will you be responsible for transportation costs to get a new unit in and does the provider have a large enough fleet to send a new unit in a timely manner?
Each rental rate or invoice that is given to you for review needs to be completely tailored for your needs. Sure, you can rent just an air compressor for a great price, but what else are you going to need in the process and will you be charged for these?
Latest posts by Olivia Gambin (see all)
- Wastewater treatment – one of the most overlooked and yet crucial processes for the sustainability of our cities. - July 2, 2018
- Don’t Be Too Proud to Question Your Business - February 1, 2018
- Rental rates and what to watch out for - November 14, 2017