What are the pros and cons of buying a tower crane versus renting?

Owning a crane provides independence from rental companies and is a long-term investment. You can also lease it out to others.

However, purchasing requires a huge capital investment, as well as ongoing costs for maintenance staff salaries, inspections, repairs, and logistics.

For companies that do not use a crane continuously throughout the year, renting is a much more flexible and economically sound solution.