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Hiring a Portable Building
With more than 65 years in the Hire Industry and more than 50 Years since “Cavalier” was established, we have frequently been asked if it is better to Hire a Portable Building or Purchase it. Our answer continues’ to be: “It is dependent upon your individual requirements and circumstances”.
The advantages of ownership seem to generally be understood; the advantages of Hire are perhaps less considered and understood.
Hire Buildings are readily available from existing Hire Fleets, whereas ordering a new building will probably mean you will have several weeks or months of construction. Locating a suitable used building to purchase may also be time consuming and not be compliant with current Australia Standards.
A small monthly hire charge may be more easily managed than a significant Lump Sum purchase.
In some organisations it is more time efficient to obtain approvals for Hire Expenses than Capital Expenditure. Applying capital into your own products or services may provide a greater financial return and eclipse any expense from Hiring.
Hiring short to mid-term will generally cost significantly less than the initial purchase price of a good used or new Portable Building.
It is more convenient to simply return a Hire Building when you no longer need it, rather than having to advertise it for sale and go through the sales process with a third party.
You can return the Hire Building when it is no longer required; alternatively, keep it longer until your use has concluded; you also may be able to downsize or upsize the Portable Building as circumstances dictate.
When hiring, you do not have to concern yourself with the loss in value that inevitably occurs when disposing of a building when it is no longer required.
You do not have the expense of breakdowns or replacement of items/equipment as a result of fair wear and tear.
It is most probable that hire payments for commercial use are 100% tax deductible, whereas purchasing often restricts benefits to depreciation.
(Important: The information provided is a guide only, we recommend you obtain professional financial advice to establish the best outcome for your circumstances)
