Is it Better to Rent or Buy GNSS Equipment?

If you’re trying to make a decision about renting versus buying GNSS equipment, there are many key points to consider before making an investment. There is no right answer — only what’s right for you, your company and the project.

Benefits of Renting GNSS Equipment

You can gain several benefits by renting your GNSS equipment:

• Performance testing: You might have an idea about how certain GNSS equipment will work that isn’t completely accurate. If you decide to rent your tools before committing to a purchase, you’ll have the opportunity to field test every product first to be sure.
• Workflow compatibility information: Even if you rent GNSS equipment and it operates exactly the way you expected, it might not fit into your surveying workflow the way you anticipated. Certain projects aren’t the best for GNSS use. By renting, you can determine how well certain products work for you and your company before purchasing.
• Reduced cost: When it comes to your bottom line, buying equipment without testing it can blow your budget if the equipment is the wrong fit. If you rent, you can avoid this potential issue. You’ll also be able to immediately access the equipment instead of waiting to have the funds. You can also sidestep the costs associated with regular equipment maintenance.

Benefits of Buying GNSS Equipment

Buying your GNSS equipment instead of renting it offers the following advantages:

• Ownership: While this is an obvious advantage of outright buying your GNSS equipment, it’s not one to be overlooked. If you purchase equipment with a long functional lifetime, owning it can benefit you for years to come. You’ll also always have the equipment available and ready to use if you need it suddenly or unexpectedly.
• Lower taxes: Section 179 of the tax code allows you to deduct the equipment purchase price —up to $500,000 — from your taxes.

Choose Duncan-Parnell for Your Equipment Needs

No matter which option you decide is right for your company, Duncan-Parnell can meet your needs with cutting-edge equipment from leading brands on the market. We have 13 locations serving the southeast region. When you rent with us, you can decide to purchase the equipment within 30 days and the rental will be free. Request a quote online if you decide to purchase equipment.