4 Solid Reasons to Consider Forklift Rentals Rather Than Purchases

26 January 2022
 Categories: , Blog


Forklifts are heavy equipment that plays a pivotal role in different warehousing and industrial purposes. But many companies find themselves having a hard time deciding whether to rent or buy these machines. Both options have their distinctions and demerits. If you are stuck making this decision, this post discusses four fundamental reasons for choosing forklift rentals for your industrial projects. Read on to learn more.

 Cost-Effective Solution

Like any other heavy construction machinery, forklifts are pretty expensive and a considerable investment for any business. For short-term projects that only require temporary forklift use, renting proves a more cost-effective solution. You skip paying the huge purchase costs for the equipment; you only have to pay for the duration you will need the forklift. 

Zero Maintenance Costs

Another top advantage of forklift rentals is zero maintenance costs. Reputable forklift rental companies ensure that their equipment is in top-notch operational condition to prevent unnecessary breakdowns that amount to costly repairs for the rental company. Additionally, maintenance costs can quickly run to hundreds of dollars for forklift owners. That's why forklift rentals are an excellent choice since if the machinery breaks down, the rental company immediately fixes or replaces it for you. 

Variety of Options 

Today, you can find forklift equipment in various options, with each model possessing unique features suitable for specific projects. That means you're sure of finding the suitable forklift model for your project requirements. Besides, rental companies allow you to test-run different forklifts to find one that meets your unique needs. Even if you rent a piece of equipment that doesn't meet your project needs, you can return it and select the correct one. While buying is another excellent option, you risk purchasing a forklift that doesn't meet your unique needs if you don't get help from an expert. 

Extra Rental Benefits

Hiring a forklift comes with additional perks as well. For instance, you enjoy the flexibility of going for short- or long-term rental contracts depending on the duration of your project. Additionally, you don't have to worry about storage concerns since you only use it for the expected project duration and return it to the rental firm. Finally, forklift rental is usually an operating expense that is tax-deductible. 

These are the unmatched benefits of renting a forklift instead of purchasing the equipment. However, keep in mind that rentals are only a short-term solution, and you might want to look into purchasing your forklift equipment if you'll be running permanent, long-term projects.

Contact a local forklift hire company to learn more.