When working at height, access platforms are an essential piece of equipment that can make the job safer, easier, and more efficient. These platforms come in a variety of types to suit different needs, whether it be construction, maintenance or a project requiring extended reach. But when it comes to getting the equipment you need, the big question arises: Should you buy or hire access platforms?

There are pros and cons to both options, and the decision ultimately depends on your specific circumstances. Let’s weigh up the benefits and drawbacks of buying versus hiring access platforms, that should help you make an informed choice that best fits your project needs and budget.

Buying Access Platforms, A Long-Term Investment

For businesses that frequently use access platforms, buying might seem like the obvious choice. Here’s why purchasing access platforms could be beneficial:

1. Control Over Your Equipment

When you own access platforms, you have full control over their availability, maintenance, and condition. There’s no need to wait for rental equipment to be available or worry about scheduling conflicts with other users. Your platform is always ready when you need it, allowing for better planning and flexibility in project timelines.

2. Cost Savings Over Time

While the upfront cost of buying access platforms is higher, it can save you money in the long run if you’re using them regularly. If your business depends on frequent access to high places, owning the equipment may become more cost-effective than paying rental fees over time.

3. Customisation

When you own access platforms, you can choose the exact model that fits your specific needs. This might include selecting the size, capacity, or additional features that are most relevant to your business. Customisation is easier when the equipment is yours, ensuring it aligns with your operational requirements.

4. Increased Asset Value

Access platforms, like other heavy equipment, are tangible assets that retain some value over time. While they do depreciate, well-maintained platforms can be sold or traded, helping you recover some of your investment when it’s time to upgrade.

Problems With Owning an Access Platform

However, purchasing access platforms comes with its own set of challenges:

1. High Upfront Costs

The most obvious downside of buying access platforms is the significant initial cost. Depending on the type and specifications, access platforms can be quite expensive, which might be a barrier for smaller businesses or those with limited capital.

2. Ongoing Maintenance Costs

When you own access platforms, you’re responsible for all maintenance, inspections, and repairs. This can add to the overall cost of ownership, particularly if the equipment breaks down or requires expensive parts or servicing.

Hiring Access Platforms, A Flexible Option

For those who only need access platforms occasionally or for short-term projects, hiring can be a more convenient and cost-effective solution. Here’s why renting might be the better choice:

1. No Large Upfront Costs

One of the main advantages of hiring access platforms is that you avoid the high initial investment. Renting allows you to access the equipment you need without a significant financial outlay, making it easier to manage cash flow and stay within project budgets.

2. Flexibility for Different Projects

Renting access platforms gives you the flexibility to choose different models for different jobs. If your project requirements vary, you can hire the exact type of platform you need at any given time—whether it’s a scissor lift for indoor work or a cherry picker for outdoor maintenance.

3. No Maintenance Worries

When you hire access platforms, the rental company is responsible for the upkeep and maintenance of the equipment. This means you don’t have to worry about repairs, regular inspections, or compliance with safety regulations—the equipment is delivered to you in top condition, ready to use.

4. Tax Benefits

In some cases, hiring access platforms can offer tax benefits as the rental costs may be fully deductible as an operational expense. This can reduce your overall tax liability, which might not be the case when you purchase equipment.

So, Should You Buy or Hire Access Platforms?

The decision to buy or hire access platforms ultimately depends on how frequently you use the equipment and your budget. If you use access platforms regularly and want full control over your equipment, buying might be the best choice. However, if your projects vary or you only need platforms occasionally, hiring can provide the flexibility and cost savings you need.

FAQs About Access Platforms

Q: What types of access platforms are available?
A: There are several types of access platforms, including scissor lifts, cherry pickers, and tele-booms. The choice depends on the height and reach required for your project, as well as whether you need indoor or outdoor use.

Q: Is it better to hire or buy if I only need the platform for one project?
A: If you only need access platforms for a short-term or one-off project, hiring would be the better option. It allows you to use the equipment without committing to the high upfront cost of purchasing.

Q: What are the key factors to consider when buying an access platform?
A: When buying, consider the height and weight capacity you need, the types of projects you regularly handle, your budget, and the costs of ongoing maintenance and storage.

Q: Are there safety requirements for using access platforms?
A: Yes, access platforms must meet specific safety standards, and operators need to be trained. Regular inspections and maintenance are required to ensure the equipment is safe to use.

Q: Can I hire access platforms for long-term projects?
A: Yes, many rental companies offer long-term hire options. This can be a good solution if you have a project that lasts several months but don’t want to commit to purchasing the equipment.

Ready to Hire an Access Platform?

Hiring provides flexibility and cost savings for occasional or varied projects. Evaluate your project requirements and see if hiring is a good fit for your contracts. At Glosrose we’ve got you covered with a range of options to suit your requirements. Contact us today to discuss the best solution for your business!