Should I Buy or Hire Mining Equipment in Australia?

If you are in the market for mining equipment in Australia, you need to decide whether to hire or buy the equipment for your mining plant. This is a big decision and making the wrong decision at this point can have ongoing repercussions. So let’s look at the pros and cons of buying mining equipment versus hiring the same equipment.

Pros and cons of buying mining plant equipment

The decision to buy your mining equipment is really going to be based on the state of the resources market at the moment and whether you want to sink your hard earned capital into equipment.

CONS: When you buy mining equipment, you are tying up capital that could be put to better use expanding your business or taking advantage of other opportunities that come your way. This is because this type of equipment requires a large monetary investment and you have to register, insure, repair and maintain these massive vehicles.

PROS: The advantage of purchasing your mining equipment in Australia is that you can have it customised to your specific needs. You can also buy the equipment whenever your business demands increase, because you don’t have to wait in line for to hire equipment that is limited in number.

Pros and cons of hiring mining plant equipment

With the resources market at a low point, you might be better off financially in hiring your equipment, so let’s look at the pros and cons of hiring versus buying.
 
CONS: When you hire equipment, you can’t always find what you need at the right time, which means that your contracts run late and you lose money. Sometimes, particularly in busy periods, the right equipment simply isn’t available for hire, so your profits take a beating and you have to lay people off.

PROS: When you hire your mining plant equipment, you can forecast your budget much easier because you simply add the monthly hire costs to your budget. You also save your capital, so if another opportunity comes along you can hop on board and expand your business, taking advantage of other revenue streams.

Regardless of whether you decide to hire or buy, always be sure to contact a company with a reputation for designing and manufacturing robust and reliable mining equipment in Australia.

ON THE ROAD AGAIN

Ausroad upgrades council’s ageing fleet

Challenge: A Queensland-based local council needed to replace an ageing fleet of road maintenance trucks and transition the new vehicles to the road with minimal service interruptions.

Solution: Ausroad consulted with the client and made a number of recommendations. Subsequently, the council purchased four Ausroad HD Series Road Maintenance Trucks and one Emulsion Spray Trailer. One of the deciding factors that made Ausroad a strategic match for this project was the speed at which Ausroad could build the trucks to specification, which was more than 50 per cent faster than other companies that tendered said they could deliver.

Result: The new vehicles have resulted in:

  • Increased productivity
  • Improved operator comfort
  • Less down-time due to better reliability
  • Higher workplace health and safety standards.

OTHER CASE STUDIES

If you are in the market for mining equipment in Australia, you need to decide whether to hire or buy the equipment for your mining plant. This is a big decision and making the wrong decision at this point can have ongoing repercussions. So let’s look at the pros and cons of buying mining equipment ... READ THE SOLUTION >

MODERN SPIN

Ausroad’s got council’s roads covered
 
Challenge: A Queensland-based local council needed to improve the way in which it managed its road repairs. Systems were antiquated, manual handling was excessive and health and safety standards were less than ideal. READ THE SOLUTION >

MODERN SPIN

Ausroad’s got council’s roads covered

Challenge: A Queensland-based local council needed to improve the way in which it managed its road repairs. Systems were antiquated, manual handling was excessive and health and safety standards were less than ideal.

Solution: The council selected Ausroad because of its specialist vehicles, which provided the versatility to deliver a number of functions. The council also appreciated the fact Ausroad offered comprehensive staff training and induction with each vehicle purchase. Since July 2011, the client has purchased five Ausroad HD Series Road Maintenance Units, one Ausroad Jetmaster Road Maintenance Unit and two Emulsion Spray Trailers. All purchases have been well utilised, with the Ausroad Jetmaster Road Maintenance Unit on the road full time spray sealing the roads with aggregate and bitumen emulsion, while the Ausroad HD Series Road Maintenance Units focus on potholes and general road repairs. The Emulsion Spray Trailers accompany the Ausroad Jetmaster Road Maintenance Unit to save re-fill trips back to the depot, making the overall operation even more efficient.

Result: The new vehicles have resulted in:

  • Increased productivity
  • Improved operator comfort
  • Less down-time due to better reliability
  • Higher workplace health and safety standards.

OTHER CASE STUDIES

If you are in the market for mining equipment in Australia, you need to decide whether to hire or buy the equipment for your mining plant. This is a big decision and making the wrong decision at this point can have ongoing repercussions. So let’s look at the pros and cons of buying mining equipment ... READ THE SOLUTION >

ON THE ROAD AGAIN

Ausroad upgrades council’s ageing fleet
 
Challenge: A Queensland-based local council needed to replace an ageing fleet of road maintenance trucks and transition the new vehicles to the road with minimal service interruptions. READ THE SOLUTION >

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Phone
+61 7 3216 7058
Email
toni@ausroad.com.au