It’s July! That means the 2024-25 financial year is underway. As always, businesses across Australia are looking for ways to increase operational efficiency and reduce long-term costs. Purchasing equipment is a tried and tested way to provide both cost saving and increased efficiency to your business, specifically, an SPT mini spider crane.

Here’s why buying a mini spider crane could significantly benefit your business, focusing on cost, operational advantages, and the value of ownership in comparison to hiring. Read on to find out more!

Cost Comparison: Hiring vs. Ownership

The cost of hiring mini spider cranes in Australia can vary widely depending on the crane type and rental length. For instance, hiring a mini crane can cost between approximately $455 to $660 per day, according to Felix.net. Hiring cranes can quickly add up, making ownership a more cost-effective option in the long term.

Purchasing a mini spider crane, although initially more expensive, eliminates recurring rental fees. This upfront investment can become cost-effective over time, especially if crane services are a regular need for your projects. Additionally, owning a crane removes the variable costs associated with hiring, such as increasing rental rates and transport fees to and from your site.

Tax Advantages and Asset Depreciation

The beginning of a financial year is an excellent time to take advantage of tax deductions related to business equipment purchases. Buying a mini spider crane can offer depreciation benefits, where the value of the crane can be depreciated over its useful life, reducing your taxable income. This factor, combined with potential immediate write-offs for equipment purchases, can significantly lower the overall cost of acquiring a mini crane.

Operational Benefits

Owning a mini spider crane offers numerous operational benefits:

• Immediate Availability: Having a crane readily available eliminates being dependant on rental availability and can significantly improve project timelines.
• Customisation and Proficiency: Owning your equipment allows for customisation to specific project needs. Operators can also become skilled with their own machinery, increasing efficiency and safety.
• Maintenance Control: Ownership ensures that the crane can be maintained to your standards, reducing downtime due to equipment failures.