Do your business a favour. Don’t Buy – Rent from PETRO Hire
If you’re buying capital equipment or machinery, paying upfront can put a serious dent in your cash reserves. And what are you left with in five years? Usually a seriously depreciated asset that is outdated and may not be any use any more. Fuel Tank Hire makes economical sense.
When compared to buying equipment outright, renting helps preserve cash for projects and expenditure that offers better business returns or represents a more efficient use of capital and resources.
If your requirement is fully baffled, self bunded Diesel Fuel Tanks to hire from 1000L to 12,000L – PETRO Hire is your solution.
When it comes to expenditure, businesses should invest as little as possible in depreciating assets and as much as possible in appreciating assets. Renting provides a compelling option to keep the cost of depreciating assets down and pass obsolescence risk to a third party.
A common financial methodology for deciding if taking an asset on rental is more economic than buying is to compare and select the lowest net present value of the after tax cash flows of each alternative.