Oilfield equipment is one of the largest investments an oilfield service company makes. Determining whether to purchase or rent your oilfield equipment is a big decision. There are many advantages to both renting and purchasing. Depending on your current business situation and financials, one option may be more beneficial than the other.
Many companies choose to rent some of their equipment and purchase other equipment. An article from Entrepreneur.com states that the Equipment Leasing Association of America reported that 80 percent of U.S. companies lease some or all of their equipment.
Look at your business financials and the work that you do to see what makes the most sense financially for your oilfield service company.
If you need the cash to invest in new oilfield equipment, reach out to one of our representatives. For more than 20 years, TCI Business Capital has helped companies just like yours with the cash they need to both rent and purchase oilfield equipment to maintain and grow their businesses. Call (800) 707-4845.