If you’re in the market for a forklift, you may be overwhelmed trying to figure out whether you should rent or purchase one. It’s a big decision, one that affects your budget, your return on investment, and even your operations.
Maybe you’ve been told that purchasing is the way to go, but the idea of coming up with a down payment doesn’t thrill you.
Renting a forklift is a great option because it allows you to try one out before deciding if you’d like to purchase it. Read on for the benefits of using forklift rental services.
Flexibility
By renting a forklift, you’re able to choose between short-term and long-term rental periods. This gives you the flexibility to only have the equipment when your business needs it, and when you don’t need it anymore, you can return it.
A short-term forklift rental is a great option if you have a sudden spike in business and anticipate needing more equipment. Or on the contrary, if you have a decline in business, you can easily remove forklifts from your fleet.
Renting also gives you the flexibility to rent different machines for different business needs.
No Maintenance Costs
One of the benefits of renting a forklift is that you aren’t responsible for the maintenance costs of the machine. This cost will be included in your rental payment and routine maintenance will be performed by the rental company.
Choosing to rent a forklift means you’ll experience less downtime by making sure your forklift is both fully operational and productive.
No Big Initial Investment
If you choose to rent a forklift, you won’t be required to take out a loan or make a down payment like buying a forklift requires. When renting, you’ll simply pay a flat weekly or monthly payment.
By knowing your monthly payment ahead of time, you’ll be able to budget accordingly and invest the money that would’ve gone towards a down payment in your business.
Saves You Time
Purchasing a forklift when your business needs one ASAP can become a long process. Between getting approved for a loan, reviewing financing options, and deciding on your forklift, it can take much more time than anticipated.
The more time you spend researching the right forklift to purchase, the more time that is taken away from your business. When you choose to rent a forklift, the rental company will deliver a forklift to you that has low hours and is in a good condition.
Using Forklift Rental Services
Ultimately, using forklift rental services for your fleet management needs is the best way to go. It is cost-effective, time-saving, and takes the pressure and responsibility off of your shoulders. By choosing to rent a forklift, you’re able to dedicate more of your time to other aspects of your business.
If you enjoyed this article, make sure to check out our other industrial articles.