Once the sizing of the generator is done, the next big question is whether to buy a new generator or take one on rent. Well, there is no right or wrong answer to this question. In this article, we will discuss the factors to consider before making a decision. After considering all the points, you can decide which one is the most suitable option.
Advantages of renting a generator:-
Renting a generator takes only a fraction of the cost of buying a new genset. If you have a limited budget, then renting is the best option.
Rental providers take care of the maintenance and repair of generator throughout the rental period. Therefore, no maintenance hassles and minimum risk of downtime.
It offers the flexibility of generator size. Once a particular project is over a different rating of a generator can be chosen for the next project.
Rental generators are designed as a plug and play option. It does not require detailed installation planning as the permanent installations do.
Renting is a good option if the generator is needed for a short duration. If long periods of renting are required, better to calculate the renting cost beforehand. If the total renting cost approaches closer to the purchase cost, then buying will be the better option.
Advantages of buying a generator:-
- The prime reason for buying a genset is the need for long term use. Here are the major advantages.
- You will own the asset and not bind by any rental agreement. You can resell your asset anytime.
- In large projects where generator requirement is for many months, the rental cost of a big commercial generator will reach the purchase price quickly. Obviously, in such cases, buying may be the right option.
To summarize, a sufficient amount of homework and calculation has to be done before making the decision of buying or renting a generator. Choosing the right vendor is also an important decision to make. Do check the background of the vendor and check the customer feedback.
Mahindra Powerol is in the business for more than a decade. We can help you in making the decision. For any query, you can call us at 1800-419-1999 or visit our website at:- www.mahindrapowerol.com