Construction Equipment Rent vs Own Calculator
Equipment Type
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Rental Rates
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Recommendation: Rent
At 100 days/year utilization, renting saves 13% annually. Consider owning if utilization exceeds 118 days/year.
Annual Ownership Cost$28,000.00
Annual Rental Cost$24,500.00
Break-Even Utilization118 days/yr
5-Year NPV (Own)$117,946.19
5-Year NPV (Rent)$103,202.91
5-Year Comparison
| Year | Own (Annual) | Rent (Annual) | Own (Cumulative) | Rent (Cumulative) |
|---|---|---|---|---|
| 1 | $28,000.00 | $24,500.00 | $28,000.00 | $24,500.00 |
| 2 | $28,000.00 | $24,500.00 | $56,000.00 | $49,000.00 |
| 3 | $28,000.00 | $24,500.00 | $84,000.00 | $73,500.00 |
| 4 | $28,000.00 | $24,500.00 | $112,000.00 | $98,000.00 |
| 5 | $28,000.00 | $24,500.00 | $140,000.00 | $122,500.00 |