The Benefits of Fuel Tank Hire

For businesses that have to manage the storage of fuel or other liquids such as water, oil and AdBlue, the option of hiring tanks can make better sense than purchasing. For many it’s the more cost-effective, practical and flexible thing to do - especially if larger, expensive tanks are required. In this edition of our blog, we’ll look at why fuel tank hire can be an advantageous, and discuss the various types of tanks available for hire.

Cost-Effectiveness

One of the most significant advantages of hiring a tank is financial flexibility. Buying a fuel tank can represent a substantial investment upfront, especially if the tank (or tanks) required are large. Whether for diesel, oil, water or another type of liquid, large tanks can cost thousands of pounds to purchase and install.

When a business hires fuel tanks, they’re not burdened with a large initial expenditure and, instead, pay rental a fixed, predictable price which can be factored in to running costs of the operation. This flexibility frees up capital, which is especially beneficial for firms with a fluctuating cash flow or need to invest in other parts of the business.

Rental agreements often include maintenance and servicing costs, which would otherwise be an additional expense when buying outright. With rental the financial strain of repairs, inspections or even replacement parts can be avoided. Project specific quotes around hire are available from us here at Tanks R Us.

Maintenance / Servicing

When a business buys a tank, it has full responsibility for maintenance, cleaning, repairs etc. This can be time-consuming and expensive, especially if it’s a large tank. However, when hiring it’s different. The responsibility for these upkeep tasks typically falls to the rental company.

Most fuel tank hire agreements include ongoing maintenance as part of the package, ensuring that businesses have access to well-maintained, fully operational tanks without worrying about the logistics or the cost of repairs. This can be especially valuable for businesses that do not have in-house technical expertise or do not want to allocate resources to managing the maintenance of their fuel storage systems.

With a rented tank, any malfunctions or required repairs are handled by the rental company (in this case Tanks R Us) reducing downtime and ensuring that the business does not experience disruptions in its operations. This peace of mind is one of the key reasons many businesses opt for tank hire over purchase.

Short-Term

Another significant benefit to opting for hire rather than purchase is that you can meet short-term needs or project-specific requirements without having to make the larger financial and logistical commitment of buying. Some businesses (often in construction, agriculture or logistics) may only require tank storage for a limited amount of time. After the particular project is complete, they no longer need the tank.

In general, businesses can hire tanks on a weekly, monthly or seasonal basis, which allows them to scale their storage capacity according to demand and time, rather than being stuck with excess capacity that sits idle after the project is over. For longer-term needs, hiring offers the same flexibility, allowing a business to adjust fuel storage as needed, without a long-term financial commitment.

The Latest Equipment

The fuel storage industry is constantly evolving, with advances in technology and safety always welcome. By hiring a fuel tank, businesses potentially gain access to the latest models and features without the risk of purchasing and finding that their equipment then becomes outdated or even obsolete. Rental companies regularly update their hire fleet so that they offer the most up-to-date and efficient models on the market.

Tank Options for Different Needs

When it comes to tank hire, there is a wide range of options, each of which is designed to suit different types of liquids and business needs.

• Diesel: These tanks are amongst the most hired, as many businesses in construction, transport and agriculture need a reliable and safe way to store large quantities. Diesel tanks come in various sizes to facilitate any requirement. These tanks are often equipped with advanced safety features (overfill protection, emergency shut-off valves and spill containment) so businesses can readily comply with safety regulations and minimise environmental risks.
• Oil: These tanks are another commonly hired storage solution. Like diesel, businesses in industries such as construction, manufacturing and heating rely on oil for their operations. Hiring an oil tank allows a business to store securely and safely, while also reducing the costs associated with installation and maintenance.
• Water: Storage tanks for water are often hired by businesses in industries such as agriculture, construction, hospitality and event management. Whether for storing water for irrigation, firefighting or temporary supply during construction, water tanks come in a variety of sizes and configurations, providing a flexible solution when large quantities of water are required on demand.
• AdBlue: For industries that rely on diesel, AdBlue is an essential additive that helps reduce harmful emissions. AdBlue tanks are specifically designed for this chemical, and because AdBlue is typically only required in specific sectors, many businesses prefer to hire these tanks rather than purchase them outright. AdBlue tanks are often equipped with dosing systems, pumps and safety features.

Adaptability

Fuel tank hire means businesses can easily scale their storage solutions to their needs and change them as their needs change. For example, if a business experiences a sudden increase in fuel demand, it can quickly and easily hire additional tanks to accommodate. Similarly, if demand decreases, a business can downsize its storage capacity without the need to sell or dispose of equipment it has previously bought. This adaptability is a key advantage in accommodating fluctuating needs throughout the year, or across the whole course of a project.

As we’ve discussed in this edition of the Tanks R Us blog, there are numerous benefits to businesses in hiring tanks, and if you would like to discuss this valuable option for optimising your operations, just get in touch with us.