Rent or Buy a Crane for Construction Projects?

Crane for Construction

Cranes are a crucial piece of equipment for any construction project.

They improve the effectiveness and safety of construction work by helping companies move and lift large, heavy objects. They also aid in the construction of structures, such as bridges, buildings, and even wind turbines.

When deciding whether to rent or buy a crane for construction, one crucial factor to remember is the type of project you’re working on. Rough terrain cranes, for example, would be a better choice if you’re working on a construction project in an area with difficult terrain because they’re specifically designed for that. 

But before making a choice, it’s crucial to consider the advantages and disadvantages of renting versus purchasing a crane. To help you make an informed decision, continue reading this article. 

Pros And Cons Of Buying A Crane 

Pros Of Buying

Complete ownership of the equipment is one of the main advantages of buying a crane. You can keep it and use it however you like. You won’t have to worry about making rent payments or navigating challenging rental companies. You also don’t have to be concerned about the crane breaking down or needing maintenance, as that’s your responsibility as the owner. 

Another benefit of buying is that you can customize and personalize the equipment. You can choose the precise model and brand that best suit your needs. You can also add any features or attachments necessary for your project. By doing so, you can modify the crane to meet your particular requirements, making it a more useful and effective piece of equipment. 

Moreover, investing in a crane is a cost-effective move. Although buying this equipment may cost more than renting one, the good thing is that you can use it for various projects, which could save you money over time. 

Cons Of Buying

Buying a crane has a high initial cost. It can be a significant setback for smaller construction companies or those on a tight budget. Depending on the size and type required, purchasing a crane can range from a few thousand dollars to hundreds of thousands. 

Another downside to buying is the ongoing maintenance and repair costs. These can quickly add up and become a significant financial burden. Cranes are complex machines with many moving parts that wear out over time. Regular maintenance and repairs are required to keep the crane in good working order and ensure safety

Also, there’s the issue of storage and transportation costs. Cranes are large, heavy equipment requiring specialized transportation to get them to and from a job site. It can be costly and time-consuming. When the job is finished, you’ll need to find a place to store the crane, which can be difficult if you don’t have a large storage facility. 

Pros And Cons Of Renting A Crane 

Pros Of Renting

There’s no upfront expense when renting a crane. You don’t have to worry about the high initial cost of buying one. Instead, you can pay a rental fee for the time you need the crane, making it a more cost-effective option for some. 

Another advantage of renting is the flexibility it offers. Renting allows you to select the ideal equipment for the task at hand. In other words, you can choose a crane that’s made especially for the kind of project you’re working on. This advantage may benefit tasks with particular specifications or in challenging terrain. 

Furthermore, renting doesn’t come with any long-term commitment. When you rent a crane, you’re not committed to owning it for an extended period. You only have to pay the rental fee when you need it, and once the project is complete, you can return the crane.  

There’s no upfront expense when renting a crane from Aerzen Rental. You don’t have to worry about the high initial cost of buying one. Instead, you can pay a rental fee for the time you need the crane, making it a more cost-effective option for some. 

Cons Of Renting 

One of the downsides of renting a crane is that it can cost you more in the long run. While the upfront costs may be lower, continually renting this equipment can add up over time. Additionally, rental companies often charge extra fees for delivery and set-up, which can add even more to the overall cost. 

Another downside to renting is limited access to specialized equipment. Many rental companies only have a limited selection of cranes available. If you need a specific type or size of crane for your project, you may need help finding it from a rental company. That can cause delays and added costs as you find the right equipment. 

Moreover, when you rent a crane, you depend on the rental company’s availability. If they’re out of cranes or the crane you need is already rented out, you’ll have to wait or find another company. As a result, you may have to work around the rental company’s schedule and availability, which can be inconvenient.

Factors To Consider When Making A Decision 

Here are some factors to consider when deciding whether to rent or buy a crane for your construction project

  • Size And Scope Of The Construction Project: Buying may be the better choice if the project is big and complex because you’ll use it frequently and for a long time. However, renting might be more affordable if the project is small and short-lived. 
  • Duration Of The Project: The project’s duration should also be considered. Buying may be more cost-effective if the project is lengthy because rental costs can quickly mount. However, renting might be more affordable if the project is only temporary. 
  • Budget And Financial Considerations: Buying a crane can be a significant financial investment, so consider if you have the financial capability to make such an investment. Contrarily, short-term cost savings from renting may be possible, though long-term costs may increase. 
  • Future Plans For The Equipment: Buying might be more cost-effective if you intend to use it for a variety of projects in the future. However, renting might be more cost-effective if you only intend to use it for one project. 


All in all, each construction project is unique and has its own set of requirements. Thus, it’s best to consider the pros and cons discussed above and your specific needs before deciding to buy or rent a crane for construction projects.

You can also consult resources such as equipment rental companies or industry associations if you need more information on cranes or crane rental services.

Crane for Construction article and permission to publish here provided by Claire Glassman. Originally written for Supply Chain Game Changer and published on January 31, 2023.

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