Beacon’s MD Ben Guy was featured in the recent cover article of Builder & Engineer, discussing the merits of buying equipment vs. hiring equipment in the construction sector. Read the full article here.
“Either your most important piece of kit is on the blink, and needs replacing asap, or you’ve just won a big contract and need the kit in order to be able to deliver it,” says Guy. “Buying for cash is quick and perhaps cheaper in some ways, but once your cash is gone, it’s gone. Financing or hiring can be as quick as buying for cash and is a great way to keep your cash reserves for a rainy day. And most agreements will be fixed so you know what the cost will be.”
When it comes to choosing finance for construction, there’s plenty to consider. To hire or buy; that is the question. Our guide to construction asset finance can help you make the right choice for your business.