If you need a forklift to perform specific tasks in your business, like material handling, it's essential to decide if you will be renting or buying the equipment. While some people opt to buy their equipment, a significant number choose forklift rental instead. But why? The reason is that hiring a forklift offers a wide range of benefits compared to owning a forklift. This post will outline some main benefits of this.
Upfront expenses
Purchasing a new forklift is usually quite costly compared to hiring where you get to use the equipment at a low monthly fee. Forklift hire is ideal for both large and small companies who may not have enough funds to procure a new forklift or want to use the funds on other essential matters. But before you make a decision, consider weighing both options. If you need the forklift for short-term use, it will be better to hire.
Flexibility
When you purchase a certain forklift, you will be stuck with a piece of equipment that has specific features. This could be a limitation if you require a forklift for numerous applications. You can't keep buying different forklifts — the expenses will rack up. Through hiring, you have the freedom to pick the equipment that suits your requirements. Once the task is completed or a need for another kind of forklift arises, your service provider will immediately provide it. You can upgrade or change the forklift to something that suits your situation even if you're still under the initial agreement.
Maintenance and servicing expenses
Once you buy a forklift truck, it will be your company's responsibility to examine, maintain, and service the equipment. The packages for such services are usually costly. Moreover, you have to create a storage space for the equipment. Things will be different when you hire — the service provider handles the maintenance and servicing costs. The service providers will also replace the forklift in case it breaks down as you work, helping minimize downtime.
Flexible hiring durations
With forklift hire, you have the opportunity to choose how long you would like to use the equipment. So whether you need it for several days, some months, or a year, your service provider will craft an agreement that is tailored to suit your requirements. Generally, long-term hire is suitable when you need several types of forklifts over the period. Short term is great when you require a forklift for replacement purposes, or to handle an increased workload.
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