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Renting vs Buying Equipment with Danny Young
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In Episode 44 of the Green Profit Academy Pros Podcast, host Steve Bousquet invites Danny Young for a in-depth discussion on the pros and cons of renting versus buying equipment. Danny Young, who has been with Sunstate Equipment for six years, brings a wealth of experience to the table. Sunstate Equipment is a prominent player in the construction, industrial, and general rental equipment industry. As the head of the western branch, which boasts over 200 employees, Danny provides valuable insights into the world of equipment rental.
In this episode, Steve and Danny delve into the advantages and disadvantages of renting equipment. They outline the financial flexibility renting offers, eliminating the need for substantial upfront investments and depreciation costs which can hinder a growing business and even become obsolete over time. They also acknowledge scenarios where purchasing may be more cost-effective, such as when equipment is consistently used and central to operations.
Tune in to hear a balanced perspective of the pros and cons of renting your equipment!
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