Buy or Rent Portable Equipment?
Buy or Rent Portable Equipment?
October 13, 2023
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Whether you buy or rent, there are options for everyone planning events. The recent surge in hybrid events, as noted by a recent article on Event Manager Blog, has further complicated the decision. When the need for portable risers or staging equipment arises, the big question is whether you should buy or rent. Several factors could determine your choice. This post aims to help you figure out what’s best for you. Your decision may also differ for different equipment.
When You Should Buy Equipment
If you use equipment regularly, semi-regularly, or even a few times a year, it’s usually best to buy it. In the long run, purchasing and owning your equipment is cheaper. For example, a school might own choir risers and acoustic shells because they use them throughout the year during practices and small performances, but they might rent audience risers for their largest annual performance. This makes sense since audience risers are used only once per year. If they were using these risers for every concert, purchasing might be more economical.
Owning your equipment gives you ultimate control. You don’t need to check a rental company’s availability before scheduling an event. Your equipment is always on hand, even for last-minute needs. Additionally, you can maintain the equipment to your standards. Sometimes, rental equipment's condition and safety can be uncertain.
Lastly, buy your equipment if you need customized solutions. High-end portable stage manufacturers can create custom solutions for unique spaces, such as specialized theatres and auditoriums. Check out some custom solutions offered by this TOPCAT company.
When You Should Rent Equipment
Renting is the go-to option if you don’t use the equipment often. If it’s for an annual event, renting is likely more economical. As noted before, sometimes mixing owned and rented equipment is the best approach.
Storage space matters if you plan to own portable equipment. Without adequate storage, renting is the better choice. Additionally, if you don’t have a dedicated crew to set up and take down the equipment, rentals make more sense. Some equipment can be set up by just one or two people and stored compactly, so consider these factors before deciding.
Conclusion
Whether you choose to buy or rent, research the companies involved. While you should know your requirements, a reputable company will guide you to the best solutions based on factors like weight capacity and audience size.
When planning your events, keep these points in mind to decide whether buying or renting your equipment is the best option.
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