To hire or not to hire is the million-dollar question on the minds of both contractors and other corporates alike. However, hiring heavy equipment does have its merits. 1. It is cost-effective, especially when the company is new in the industry and does not have the financial muscle to purchase. 2. Hired eqipment is, in most cases, of satisfactory quality. This is because the machines undergo regular testing and repairs to ensure that they are in tip-top shape. 3. Companies that opt to use hired equipment have access to a wide range to choose from, as opposed to those which buy and get stuck with only one brand. 4. Storage costs can, in most cases, be greatly reduced. This is because the company that hires out the equipment provides security for its assets at their own risk. 5. Depreciation of equipment is an unavoidable event. Used equipment can never be disposed or sold off at a price higher or equal to its initial buying price. Such worries can be avoided by hiring equipment.