In my opinion, when you are looking to have a heavy equipment, first you have to figure out answers to few questions, like
How long do I need it for?
What is the difference in the price value of renting it versus buying it?
Will it be equally useful for me after a couple of months of its use? (or I may lose interest in its use/the model may evolve being in a dynamic market and I would want to try the latest version/ it's not as need-specific and I may be seeking alternatives)
Am I well-versed with the product or do I need a trial run?
Do I have enough space or I'll need to work out on the space which sounds tricky right now?
Am I relocating soon?
If I need it for commercial purposes, I must do maths of inflow vs outflow of money pertaining to its role in my business (It should generate working capital and not be of seldom use)
The answers to these questions would definitely help you reach a judicious conclusion.
For me you should just rent because chores that used heavy equipment is done only several times. It depends on your occupation also if you need to have that on your job then buy one, but if not, just rent out and it may also occupy large space inside your house.
I think you should buy mostly if you're going to need it for along period of time ...Buying would be better because it's once and for all though renting you need to pay all the time you want the heavy equipment
It depends on the work you are going to do with it ,if it is a longer lasting job then you need to purchase a new machine because it will save you alot of time but if to be use for fewer days then it's better to rent
If you have the skills and the time, you can save money over the long haul by buying some or all of your equipment and taking care of insurance, maintenance, etc yourself; if you don't, you may want to pay a little extra to rent.
Is good Askat is a big and nice platform just like answeree but the major problem with it is that it takes to sometime for admin to approve your answer and award points
Whether to buy or rent heavy equipment depends on factors like frequency of use, project duration, budget, and maintenance costs. Renting may be more cost-effective for short-term projects or infrequent use, while purchasing could be advantageous for long-term or frequent use.