Renting Vs. Buying Used: Which Money Saving Option Is Right for You When In Need of a Forklift

A quality forklift can move thousands of pounds of product daily. However, it may not be cost-effective for your company to purchase a forklift outright and you may want to consider the option of a short or long term rental. This overview will assist you in deciding whether purchasing or renting a forklift is the best choice for your company.

Rental Benefits

There are several ways in which renting a forklift is more beneficial than buying one. For instance, you won’t have to worry about ongoing maintenance costs because all upkeep and repairs will be performed by the rental company. Renting a forklift also makes it easy to use special tools and forklift parts without investing in accessories. It provides the flexibility to add and remove forklifts from your fleet with minimal hassle. These qualities make forklift rental a cost-effective choice for companies with intermittent forklift needs or limited startup.

Purchase Advantages

There are many instances in which purchasing a new or used forklift is more cost-effective than renting one. Companies that need to lift heavy loads every day, for example, are better off purchasing their equipment. Buying a forklift is also a better deal if your company uses the forklift for multiple tasks. Investing in multiple attachments guarantees that your forklift is ready for any task without a break in operation or productivity. Lastly, purchasing a used forklift allows your company to choose a model that meets your company’s specific lifting needs instead of depending on rental inventory.