Top Factors to Consider When Buying a Crane

Top Factors to Consider When Buying a Crane

Are you needing to buy a crane?

Many first-time crane buyers make the mistake of purchasing a piece of equipment that doesn’t serve their needs well. To get the most out of your crane, you need to know how it will fit into the work you’re doing.

As such, you need to take several things into consideration before you go about buying a crane. Below, we’ll get into everything you need to know as you make your final decision. Keep reading for a thorough crane buying guide!

Think About Your Long-Term Goals

When well-maintained, a crane can serve your company for more than 25 years. This makes them an excellent investment for companies that perform construction projects on a regular basis.

It also makes long-term planning crucial. You don’t want to spend money on a crane only to have it sit around unused for most of the year.

So, take a look at your company’s individual needs. If necessary, sit down with your team leaders and discuss upcoming projects. Be specific about the things you’ll want your crane to do. Then, use this information to find the crane that’s right for you.

Renting vs. Buying a Crane

Both renting and buying a crane come with unique advantages.

When you rent a crane, you’ll have a piece of equipment for the projects you need. You may need to put a security deposit down on the crane. If you return the crane in good condition, you should receive this deposit back. Yet, if the crane comes back damaged, you may not get your money returned.

Buying cranes removes the fear that you’ll not get your deposit back. Instead, you’ll spend more on the front end but get more workdays out of the product.

Budgeting for Your Crane

Cranes can cost anywhere from $10,000 to upwards of $1 million. The final price tag will depend on the type of crane you purchase. Overhead cranes are the cheapest and help companies move heavy objects. Tower cranes are the most expensive but have a high lifting capacity.

You’ll also have to pay maintenance fees. Most cranes require regular maintenance. As such, you should look into how much you’ll have to pay for maintenance each year. This can help you determine which crane option is the best for you.

The Working Area

The type of crane you need will depend on your working area.

Cranes are built to either work indoors or outdoors. If you plan on moving heavy objects in a factory or warehouse, you’ll want a crane designed for indoor use. Outdoor cranes often come prepared to handle rough terrains and might even be great in forestry conditions.

Want to Know More About Cranes?

Buying a crane can help your company in a number of ways, especially if you get the right one for the job.

If you want to know more about cranes, you’ve come to the right place! We publish crane-related articles on a regular basis. Find out everything you need to know about all types of cranes, including knuckle boom cranes.

Have any specific questions related to crane safety? Check out this page today!

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