5 things to consider before renting a boiler for your business

Business News | 26 May, 2020 |

Boilers play a crucial part in most business operations as they are now utilized in commercial or industrial facilities. Due to the different needs of every business, boilers are also customized with additional controls for specific usage. The demand for boilers is undoubtedly increasing for a variety of purposes.

However, despite its benefits, a boiler can cost you a lot, from procurement to maintenance and repairs. If you are starting up a business that would rely on a boiler system, one of your options might be renting for the meantime. A rental boiler can be a liability for your business if you don’t take careful measures.

To avoid unnecessary problems and damages, here are five essential things you need to consider before renting a boiler for your business. Your decision to rent one can have a significant impact on your business’ operations, productivity, and even safety.

Reasons for Renting

Identifying your reasons for renting a boiler is necessary to find the one that will suit your needs. Are you renting as a temporary solution for heating demands in your business? Or do you lack the financial resources to purchase a new one that could delay your business to operate? Thus, you consider renting as a better alternative for the time being.

Whatever your reasons are, you need to specify them if you don’t want to encounter unwanted troubles later on. If a financial restriction is your reason, you would have to be specific and cautious of your timetable until you can afford to buy your boiler. If only for emergencies, such as an inevitable malfunction, a rental boiler might work well for your business.

Your purpose for renting a commercial boiler can guide you to make better choices. It is the basis of all other essential factors you need to consider. Without knowing the purpose, you might accidentally rent the wrong one.

Types of Boiler Your Business Needs

There are different types of boilers, and choosing the right one for your facility can be challenging. But the first key is to understand what kind of boiler you need to rent for your business.

Boiler types can be characterized in dimensions based on fuel source, heat transfer medium, construction, and application. If your business operation uses boilers to heat dairy products, process milk into cheese, butter, or other products, boiler types by application might be what you need. If your business is manufacturing a rubber, you might need vulcanizing boilers to operate.

In terms of construction, boilers can be portable, semi-portable, or permanently installed. Choosing which one works better on your business still depends on the purpose. Since you are renting, semi-portable boilers might be deployed for temporary use.

Some technicalities may involve the type of boilers your business would need. Before you decide to rent a boiler, never hesitate to ask your contractor or service technician for advice. They would give you an idea of what you will need.

Budget Allocation

A boiler can be expensive, even if it is rented. It is vital to consider your resources before renting one. Your budget speaks more volume to what type of boilers you can afford. It is not only limited to the cost of rent but includes all other charges, such as when your rented boiler malfunction and needs a repair.

Determining your budget can also help you search for the right rental boiler contractor. There are rental boiler companies that offer affordable prices that are suitable for your resources. With this, you would not need to compromise business essentials because of a lack of financial resources.

Rental Agreement

Before making a deal and signing up for any boiler rental agreement, it is crucial to understand and clarify the terms and conditions. You need to know the specific charges, billing options, and maintenance responsibilities. Protocols for returning the boiler and applicable penalties are essential to consider if you don’t want unnecessary issues along the way. Thus, find flexible terms that would work best for your business.

Pros and Cons

Rental boilers can have pros and cons, whether it’s for residential or industrial settings. It is essential to consider them so that you can decide if renting a boiler would still be worth it for your business or not.

Pros

Renting a boiler can help you save costs compared to purchasing one for your business, especially if your boiler is damaged and needs some repairs. If you are renting, you would only pay for specific fees that the contractor will charge you. On the other hand, it might cost you more if you are the owner.

With renting, you can try different models which can give you an idea to know the type of boiler you need when you decide to buy one. Another advantage of renting is the rental service and care available when you have any concerns. Rental companies have a team of professionals who would assist and even provide training on safe boiler usage.

Cons

You only have limited options with rental boilers. If you are renting, you would have to deal with outdated and inefficient boilers now and then. Despite the available rental service and care, every malfunction could affect the productivity of your business. Since rental boilers could be old, it might be hard to find one that would tailor your needs.

If your purpose is for the long-term, renting a boiler might not be a good investment. The initial cost of a new boiler might be worth more than what you would have to pay for a long term lease. However, buying a boiler can provide you a longer and more efficient service.

Takeaway

Renting a boiler can be simple, but the consequences are complicated if you don’t take the planning seriously. With a wrong move, your whole business might be at stake. Therefore, you must take your time to weigh your options before rushing to rent any boilers. It might be better to delay some business operations due to a boiler than make a decision that could ruin everything you worked hard for.

 

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