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5 Things To Do To Ensure You Get Your Deposit Back When Renting Heavy Equipment

Renting heavy equipment can be a smart decision for your construction company for many reasons. It can help your company save money, can allow you to use the newest and best equipment on the market and more. However, you will be spending more than you intended if you don't get your deposit back after returning the equipment, so it's important to do what you can to get that money back in a timely manner. Luckily, if you keep these five tips in mind when renting your equipment, you shouldn't have a hard time getting this money back.

1. Use a Business Credit Card to Cover the Deposit

If you have a business credit card, consider using it to cover the deposit. Then, if it takes a little while for you to get your money back, you won't have to worry about your capital being tied up. Plus, your credit card company can help you dispute the transaction if you think you deserve your deposit back but don't receive it.

2. Take Note of Any Existing Damage

There's a chance that the equipment that you rent will already have some damage, such as minor scratches or dents. Make sure that this damage is pointed out to someone from the company, and jot it down on the contract or snap a few pictures. Then, you won't have to worry about being held responsible for damage that you and your employees did not do.

3. Follow the Manufacturer's Instructions During Use

Ask for a copy of the owner's manual for the equipment, and make sure that you read over it. Then, make sure that you follow all instructions and guidelines during use, such as not going over the weight limit. This will help prevent damage and will help prevent the company from holding you responsible for any issues.

4. Alert the Rental Company of Any Problems

If you have problems when you are using the equipment, don't continue using it. Instead, call the rental company and let them know about any issues. Then, the equipment will be repaired or replaced for you to use, and you won't have to worry about being held responsible for any damage.

5. Return the Equipment in Optimal Condition

Before returning the equipment, make sure that it is filled with fuel and fluids. Also, take the time to spray it off or wipe it down so that it looks its best.

Renting heavy equipment can be smart, but you have to ensure that you get your deposit back to save as much as possible. Luckily, if you follow these five suggestions, you shouldn't have a hard time getting your deposit money back when the job is complete. Consult a professional for more about this topic.


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