| Many companies and contractors in need of | | | | Manufacturers (AEM) is the international trade and |
| acquiring new or used construction equipment | | | | business development resource for companies |
| often don't have the financial resources needed to | | | | that manufacture equipment, products and |
| buy the construction equipment outright, unless it | | | | services used worldwide in the construction, |
| is a large corporation or some branch of the | | | | agricultural, mining, forestry, and utility fields. The |
| government. This is when the option of renting or | | | | AEM has conducted a survey that predicted that |
| leasing construction equipment comes into play. | | | | in the near future, more construction equipment |
| Deciding to rent or lease often depends on what | | | | buyers will turn to the Internet for product |
| the contractor or business manager feels most | | | | purchases; as construction equipment buyers |
| comfortable doing from a financial perspective | | | | increasingly turn to the Internet for transactions, |
| after evaluating the many possibilities and deciding | | | | information and support.Consequently, the rise of |
| what suits their need from long term leasing to | | | | on-line auctions, sales, renting and leasing are |
| short term renting. The side of construction | | | | made available by a variety of merchants who |
| equipment rentals has met a positive growth | | | | cater to the needs of companies and contractors |
| since 2004, where nearly 50% of construction | | | | worldwide. On-line merchants such as: Machine |
| equipment dealers' are offering heavy equipment | | | | Mart, Rock & Dirt, Machinery Trader, Iron Planet, |
| rentals as part of their operation.There are two | | | | Contractors Hotline, etc. are only a few of the |
| ways most companies acquire their construction | | | | leading markets where companies and contractors |
| equipment, renting or leasing. Many contractors or | | | | alike can find nearly every piece of construction |
| business managers viewed renting or leasing as an | | | | equipment they are looking for, from the top |
| opportunity to test out construction equipment at | | | | manufacturers such as Caterpillar and John Deere |
| no extra cost and with no strings attached with | | | | to many more. Many of these merchants offer |
| the possibility of buying. Most often the rental | | | | the options of buying, selling, renting and leasing of |
| would be converted into a purchase to avoid | | | | new and used construction equipment to parts |
| losing the invested equity. Most buyers would also | | | | service and repair and machine maintenance. It's |
| take into account whether their business is | | | | always wise to investigate the background of any |
| flourishing or floundering, before committing to | | | | merchant before you place a bid or purchase any |
| buying any construction equipment. In a case | | | | construction equipment, to ensure a good |
| where a business has an uncertain future, the | | | | reputable stand point before entering into a |
| potential buyers may deem renting as the best | | | | contract with any dealer or merchant. It's always |
| way economically and then return the | | | | wise to shop around and compare deals on |
| construction equipment to its owner when the job | | | | construction equipment to other offers before |
| is done.The Association of Equipment | | | | committing to any deal. |