If you’re leasing equipment, that’s not a bad thing. A lot of time that is an especially good decision if you are just starting out. If you get into a situation where you are going to have a long-term need for a piece of equipment – 5 or 6 months or longer – we recommend you look into a Rental Purchase Order, or RPO.

A Rental Purchase Order gives you the right to rent a piece of equipment for a certain amount of time and then apply up to 100% of those rental rates as a down payment to own it.

Jeff Spencer explains how RPOs, rental purchase orders, can give you more flexibility for meeting your construction company’s equipment needs.