What are the advantages and disadvantages of renting,purchasing,or leasing construction equipment?

Discussion Forum 2

Construction management 2113 Answer the following questions.

What are the advantages and disadvantages of renting,purchasing,or leasing construction equipment?

In your opinion, what is the trend of the future, rent, purchase, or lease, and why?

What factors need to be considered when making decisions on equipment lease, rental, or purchase?

What do you think of the idea of this start-up company, Yard Club, who was recently purchased by CAT?

articles to read
http://conexpoconagg.com/news/january-2017/the-economics-of-renting-vs-owning-construction-eq/

https://www.unitedrentals.com/project-uptime/expertise/renting-vs-buying-construction-equipment-growing-trend

https://www.rbauction.com/blog/when-to-buy-or-rent-heavy-equipment-%E2%80%93-five-factors-to-consider-

https://www.constructconnect.com/blog/construction-equipment-rent-buy-lease

https://www.rermag.com/news-analysis/headline-news/article/20950312/caterpillar-invests-in-peertopeer-rental-platform

https://www.cnbc.com/2015/05/26/caterpillar-buys-into-construction-rental-start-up-yard-club.html