![]() The equipment becomes an asset to your company.You are responsible for the maintenance and upkeep of the equipment, which is an additional cost.You control the equipment without any contractual restrictions or requirements.Interest, depreciation, and maintenance costs are tax deductions that can provide additional financial benefits.You don’t get many of the tax advantages such as depreciation on rented equipment.There is no capital outlay for the equipment.Renting allows you to change the equipment as your needs change from job to job.Many times, maintenance on the equipment is the responsibility of the rental company.Rental costs can be considered a business expense for tax purposes.There are disadvantages and advantages to both options. In many cases purchasing an industrial air compressor may involve financing, which can add another layer of cost. An industrial air compressor can represent a huge financial outlay for some businesses. Your budget may dictate whether you rent or purchase an industrial air compressor. This can be complicated because of the accounting and tax implications involved with each choice. Economics – Is it more economical to rent an industrial air compressor or to purchase outright.Your compressed air demands are dictated by how you are using the compressed air and the size of the compressor you need. Type of business – Different types of businesses need different types of air compressors.Size of your business – Large manufacturing operation or small independent shop? Not only does the size of your business impact the size and type of industrial air compressor you need, but it can also be an influencing factor in whether you rent or purchase.These things may influence your decision. Your business is probably the biggest consideration on whether to rent or purchase an industrial air compressor. ![]() When you begin the process of making this decision, you should consider these factors. There are economic, financial, and operational considerations that must be included in the equation. Deciding about renting or owning an industrial air compressor for your business can be a complicated decision.
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