Is it more cost-effective to rent or buy a 100-ton crane for a 12-month project?
For a 12-month project, renting a 100-ton crane typically costs $300,000-$400,000 while purchasing ranges $800,000-$1.2M, making rental more cost-effective.
Renting a 100-ton crane for 12 months typically costs $25,000-$35,000 monthly, totaling $300,000-$420,000 including operator and basic maintenance. Purchase prices for similar capacity cranes range from $800,000-$1.2 million new, plus insurance, licensing, storage, and maintenance costs adding 15-25% annually.
Remember: "Rent for a year, save half a million" - 12 months rental vs purchase cost difference
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