Stakeholder - Phantom Tracking Systems

Plant: To Buy or not to Buy — That is the Question!

Deciding whether it’s best to buy or to hire plant equipment for your next construction project is a big decision. It’s important for any business to remain financially savvy and to ponder the pros and cons of all purchases. And it’s no different for construction companies, both large and small.

With the cost of heavy-duty machinery, such as excavators, dumpers and telehandlers costing tens of thousands of pounds, it’s worth taking some time to think about the implications of both options.

Estimating future usage

It’s important to estimate how often you’re likely to use the machinery when looking into buying or hiring.

Is the plant required for a one-off project or for multiple projects? Do you have the capital to buy the equipment upfront? Do you have the necessary time and skills to manage your machinery should you decide to buy?

If the equipment is only required for a short-term, one-off project or you don’t have the time to manage the machinery and take care of regular servicing and maintenance issues, then the hire option may be best for you. Other benefits of hiring include: not incurring repair costs, as these will be taken care of by the hire company; only paying for the plant as and when it’s needed; and not having plant sitting idle and depreciating for extended periods of time.

However, should you require the equipment for continuous usage across several projects and you have the time to deal with the servicing and maintenance issues yourself, then it may be more cost effective to buy. Other benefits of buying include: having the equipment on hand and at your disposal 24/7; paperwork and record keeping is reduced; and having an asset with resale value when the equipment is no longer needed. For larger construction companies, it invariably makes sense to buy site plant due to high-volume usage. However, buying brand-new machinery is obviously not the only option.

Purchasing good-quality, used plant may be a sound financial choice, as you won’t be paying the premium for the very latest equipment, but you’ll still acquire a valuable, quality asset. It may also be worth discussing the varying tax implications of buying or renting expensive machinery with your accountant.

There’s no doubt that owning your own heavy-duty machinery sends out good signals to both current and potential customers, as it indicates that your business is established, reliable and stable.

But what should you bear in mind before purchasing plant?

Protecting your asset

Before buying expensive heavy-duty machinery, it’s important to consider the security risks and make sure your company is fully protected.

According to the Thames Valley police: ‘Millions of UK pounds worth of plant machinery is stolen nationally every year. The effects of plant equipment theft go beyond the replacement of stolen equipment as the loss of equipment can affect victims’ day-to-day work schedules’.

Obviously, the theft of any plant equipment will come as a huge inconvenience to any firm, with the cost implications far exceeding the replacement cost. So having adequate insurance to cover the theft of your machinery is absolutely essential.

But how else can you protect yourself from potential financial loss?

Install a tracking system in your heavy-duty machinery and you will deter thieves and reduce your insurance premium. Having a tracking system fitted in your equipment allows the whereabouts of your stolen machinery to be tracked and to be remotely immobilized — preventing the engine from being restarted once the culprit turns it off. Consequently, the authorities will know exactly where to go and will be able to quickly recover your stolen plant.

If you’re considering purchasing heavy machinery for your next project, speak to one of our helpful team, on 0161 476 4050 to discuss how a Phantom tracking system can help to protect your asset.

Contact Us

Phantom Ltd

154-156 Higher Hillgate,




T: 0161 476 4050

F: 0845 130 1378



twitter facebook youtube-40x40


Very soon after our second meeting with Phantom, it was clear that a deal would be made between County Car & Van Rental and Phantom. It was only left to negotiate to what level. Phantom are now our only vehicle tracker supplier taking precedence over existing vehicle tracker contracts.

Phantom arranged for County to take on a small number of units initially on a trial basis, he has been always readily contactable to assist with any queries and assisted with any development issues that County have requested.

I have nothing but praise to say about the team at Phantom and foresee a very happy partnership moving forward in the future between County Car & Van Rental and Phantom."

County Car & Van Rental

You will no doubt recall our original conversations earlier in the year and the fact that as a result we recently purchased x2 vehicle tracking devices for x2 of our new, replacement vans.

I just wanted to take this opportunity firstly to thank you personally for your initial advice & guidance with regard to purchasing this tracking system, but in particular I wanted to let you know how pleased and impressed we are with the performance and capabilities of the system which I have to say has by far exceeded our expectations.

The system has been most beneficial and is used on a daily basis to monitor and track the performance and progress of our vehicles in a positive way.

I would have no hesitation in recommending Phantom to anyone considering these requirements."

Window Wise
See all
  • UK Construction Online’s Stakeholder page offers you the chance to find and learn about the leading companies in the UK Construction Industry.

    Featuring the very best suppliers and operators in the sector our stakeholder’s pages offer detailed information about the company, their latest case studies and press releases, plus products and services and testimonials.

    We work with our stakeholders to constantly update and maintain this database to ensure that the information is relevant and helpful for those looking to source premium quality companies in the UK construction market.

    You can ‘View all Stakeholders’ or use the drop down menus to find specific stakeholders via their company name or by sector.

    Join the Fastest Growing Community for Construction

    UK Construction Online's Stakeholder package quickly connects your company to our vast audience of over 250,000 visitors a month.

    View our latest Alexa ranking:

    What is a Stakeholder?

    A stakeholder is a Mircosite that has the power to highlight a product or service, launch a promotion, or promote brand awareness to the construction industry in a way that full websites or more traditional marketing cannot.

    All stakeholders have the ability to have their latest press releases and case studies promoted across the UK Construction Online platform. UK Construction Online is updated daily, with the latest news across all sectors within the construction industry and all stakeholders are promoted on both social media and to a mailing list of over 122,000 subscribers.

    UK Construction Media
    0800 6127680