Choose Leasing Tower Crane or Purchasing Tower Crane? | Procurement Guide

Choose Leasing Tower Crane or Purchasing Tower Crane? | Procurement Guide

Many people are confused about buying or renting.

There are several analyses, we must consider clearly:

1. Do you already have one or multiple tower cranes?

2. Is the tower crane you previously owned second-hand or new one, and what is the estimated remaining safe operating time for the tower crane?

3. What is the brand and height of the used tower crane?

4. How likely is it to continue to undertake projects in the next three years?

5. What is the monthly rental fee for the smallest tower crane in local? What is the average total expenditure of a project tower crane?

6. What is the total cost of the tower crane in the shortest use time of the next project?

7. What is the maintenance cost of the follow-up parts of the tower crane currently owned?

8. What is the price gap between purchasing tower cranes of the same model locally and purchasing FOIN directly?

After you have clarified the above 8 questions, we only need to be clear that if the next project uses the leased tower crane, will the total expenditure amount for half of the FOIN tower crane purchase? If so, you can directly choose to purchase a brand new tower crane.


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Comments (6)

  • Mia Evans Reply

    I like that you talked about considering the total costs of the rental fee versus the purchase of a tower crane as one of the things to think about to help you decide. In my opinion, crane leasing would probably be effective for a short-term or one-time project. So you do not have to worry about taking care of it when you won’t need it anymore after the project is done.

    2023-10-17 at 7:10 pm
    • Foin official Reply

      I agree with you. Yes, different regions and countries have different usage habits. Generally speaking, investing in a tower crane yourself will be a guaranteed way. When there are not many projects, the rental cost can be reduced. As your own assets, you can also choose to lease when the project increases. Would love to see your reply.

      2023-12-03 at 5:10 pm
  • Steve Smith Reply

    I appreciate that you explained how understanding the condition of the crane could ensure safety. A couple of days ago, my best friend mentioned he and his business companions were planning to have a consultation for a tower crane rental to provide a more time-efficient work for their commercial clothing property project. I’ll tell him they may contact reputable crane rental services to gather important details about their rental services. I’m thankful for this enlightening crane guide article to implement crane information for proper servicing.

    2023-11-01 at 10:15 am
    • Foin official Reply

      Hi, glad to see that our article can bring you useful information, yes, choosing the right crane solution for a project is crucial! We are very happy to serve Australian customers, please feel free to contact us if you need anything.

      2023-12-03 at 6:10 pm
  • Victoria Addington Reply

    You made a good point when you discussed that the height of the used tower crane must be considered. My friend wants to rent a crane. I should advise him to choose a crane that is ideal for their project.

    2024-02-12 at 9:20 pm
    • Foin official Reply

      Hi Victoria
      We are very happy to see that our text can help your friends.

      2024-04-01 at 7:42 pm

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