SERVICES
Rental Program
The Hoover Rental Program offers the benefits of IBCs without a major capital outlay. Hoover has over 15 years of experience in renting IBCs to customers and is one of the leading rental programs in the industry. Hoover offers a large rental fleet, and IBCs are available on a daily basis. Hoover’s rental terms feature a 30 day minimum on all rented equipment. A full-time rental department is dedicated to assisting customers in their rental needs.
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Hoover’s Standard Rental IBC Fleet:
- 350 & 550 Gallon Liquitote®
- 793 Liquitote® with a five year contract.
- Rig Rack™
Some Hoover products can be rented, but are not a part of the standard rental fleet. Contact Hoover about renting the following:
- Wine Tote™
- Heating coils
- Containment basins
Renting your tanks from Hoover has many benefits:
1.Conservation of Capitol
When you rent IBCs, you make small monthly payments. And since there's no down payment to start with, your cash reserves can be used for financing long-term growth.
2. Preservation of Credit
Renting IBCs as needed helps preserve valuable credit lines while giving you financial flexibility.
3. Easy Financing
100% of your IBC cost can be financed through our rental program.
4. Equipment Disposal Included
If you rent, you never have to worry about having to sell old equipment in the future.
5. Tax Benefits
You may be able to save more by amortizing the cost of your equipment through tax-deductible rental payments rather than through depreciation and after-tax flow.
6. Latest Technology Available
Enjoy the latest technological advances and provide the best, most efficient packaging solutions to your customers.
7. Greater Budget Flexibility
Longer term rental plans can be structured to accommodate your particular needs, helping you acquire more than budget ceilings might otherwise allow.
8. Hedge Against Inflation
When you purchase equipment, you must rely on depreciation to recover your costs. Renting helps put inflation on your side.
9. Improve Handling Safety and Efficiency
Pick up the equivalent of six drums when you pick up a 350-gallon IBC with a forklift. Many IBCs are designed with four-way access which allows a forklift to easily maneuver into position from several directions. IBCs are shaped and sized to prohibit manhandling, a major factor in reducing workplace accidents and injuries.
10. Storage Space Reduction and Savings
IBCs can dramatically reduce shipping and storage costs. Five 55-gallon drums (275 gallons) require 17.6 square feet of floor space while a 275-gallon IBC requires only 13.3 square feet--a 24% savings in space. Some IBCs are designed to collapse and further save space and shipping costs.
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