Should You Buy Another Machine — or Add More Attachments?

For contractors experiencing increasing project demands, the need for more equipment arises and raises the question: Purchase another machine or expand the capabilities of the equipment they already own?

There are several questions to consider when deciding.

What’s the cost difference?

A new machine obviously has a higher price point, and it also requires budget for transportation to the jobsite and maintenance, along with storage space. Conversely, adding attachments to an equipment fleet can be done so at a lower cost, especially when renting this equipment. When renting attachments, the storage and maintenance requirements fall to the rental center, which may be appealing to contractors.

However, an attachment isn't always a substitute for a dedicated machine. Contractors need to consider if attachment changeover frequently creates downtime. If they are working under tight schedules, having a dedicated machine available may be more valuable than maximizing fleet versatility.

How often are new capabilities needed for projects?

If contractors only have a specific project come about occasionally, it makes more financial sense to invest in or rent an attachment for the job instead of purchasing a dedicated machine. Likewise, if contractors are turning down work because they lack the capability to complete it, it also makes sense to look at attachments. That is especially true if the current machines in the fleet are sitting idle between projects because that cannot complete the job.

How many jobs can the attachment support?

A versatile attachment that a contractor can use across multiple applications may provide more value than equipment designed for only one task. For example, contractors can take on land clearing and vegetation management using mulchers, brush cutters and grapples with an existing machine. Likewise, power brooms and buckets can help contractors prepare sites, clear debris and finish projects more efficiently.

What is the current and expected equipment utilization?

If utilization is high, with existing machines consistently in use for multiple projects, a new machine offers additional capacity that an attachment cannot. Also, if there is a consistent stream of projects that can support the ownership and operating cost of a new machine, the purchase may make sense. If utilization is lower with a smaller number of projects in the pipeline, renting or purchasing an attachment may be the better choice.

Can the existing fleet accommodate attachments?

Not every machine works with every attachment. Contractors need to choose an attachment that matches host machine to ensure safe operation, reliable performance and equipment longevity. It is important to look at rated operating capacity, machine weigh, hydraulic flow and pressure requirements are compatible with their existing machines. Electrical connections and control systems need to be considered, as well. If all factors align, adding attachments is a good choice again for adding versatility to a fleet.

Making the decision

As with any business decision, choosing between purchasing a new machine or adding attachments (either through rental or ownership) requires balancing out the pros and cons of each. Ultimately, the best choice is the one that solves operational challenges on the jobsite and brings the most value – both in terms of productivity and profitability.