What’s the Cost of a Rental? Equipment Rentals (NY) Firm Provides Breakdown

When you are planning to get rental equipment rentals NY firms will provide you with quotes. This can help you compare deals so that you can get the best one for your money. However, if you are inexperienced in renting equipment, the quotation you receive (specifically, the costs and fees involved) can be quite confusing.

Here is a brief description of the costs equipment rental companies may charge you.

Base price

The base price is the biggest cost that you will have to pay for the equipment you are planning to rent. The base price will depend on a few critical factors. For one, the longer you rent the equipment, the more money you will save. Companies may also increase or decrease the base price depending on the demand for the equipment. Some pieces of equipment may also have a higher base price because of their rarity.

Delivery price

Unless you are going to pick up the equipment from the company, you will have to pay for its delivery to the job site. Typically, rental companies maintain a schedule of fees depending on the distance of the job site from the company’s location. Sometimes, you may pay more if the location of the job site is not listed in this schedule of fees. This is why it is crucial to consider the rental company’s proximity to the location of your job site.

Environmental fees

Environmental fees are optional flat fees that are often charged for the rental of some types of heavy equipment. This fee is often used to pay for procedures that need to be done to comply with environmental regulations, like the proper disposal of wastes.

Fuel repayment

When you are renting equipment that runs on fuel, you can either refuel the equipment to full capacity or simply pay for the fuel used while it is in your possession.

Rental protection

Also known as damage protection fees, rental protection fees refers to the fee charged for the protection of the equipment against damage. This is different from an insurance policy.

When you are comparing rental equipment rates, make sure you are comparing apples to apples. This means that you should be looking at all the costs that you will be potentially charged, starting with the base price plus other fees that may be involved. Make sure that the quote you are getting lists down not only the base price, but also other applicable fees.