Benefits of Renting a Forklift Instead of Purchasing One

May 17, 2017 2:12 pm Published by Leave your thoughts

To buy, or not to buy? That is the question. If your business operations require the use of a forklift, you may be considering purchasing one. But before you do, there’s another option to consider. You could rent one instead.

Every business requires dependable equipment and vehicles to ensure safe and efficient daily operations. But what if you only use certain equipment once in a while, rather than on a daily basis? Any time a piece of equipment is not in use, you’re losing money on it. If you only need a forklift a few times a month for certain tasks, renting a forklift rather than purchasing one may best fit your business needs. Below are three reasons why you should consider a forklift rental in Lafayette, LA rather than buying one:

  • No upfront cost: Buying a forklift is expensive. Depending on what type of forklift you are considering, you could be paying anywhere from $25,000 to over $100,000 for a forklift. That’s a lot of money to have to pay up front, which is why renting is such a great option. When renting, there is no upfront cost. You can get exactly what you need for a small rental fee rather than having to find a way to get thousands of dollars to spend all at once.
  • No upkeep costs: Between repairs, regular servicing and parts, the cost of upkeep for a forklift can be expensive as well. When you rent a forklift, you don’t have to worry about the mishaps and the what-ifs. The rental company will be responsible for the maintenance costs for the forklift, which will save you money, time and stress in the long run.
  • No depreciation: If you are going to purchase a new forklift, you’ll want to make sure that you are going to get enough use out of it to make it worth the investment. Any time you are not using the forklift, you are losing money on it. In fact, the only way to get a return on your investment on a brand new forklift is 100 percent utilization, which basically means you would have to use the forklift 22 days out of every month to make it worth the cost. If you’re not going to be using a forklift every day, your best choice is to opt for a rental instead. With a rental, you won’t have to worry about depreciation or taking a loss on your investment.

Although some large operations may benefit from buying a forklift, most businesses are better off renting instead. When renting a forklift, you won’t have to worry about the upfront costs, maintenance costs or losing money when the forklift is not in use. At George’s Lift Truck Service, LLC, we make forklift rental in Lafayette, LA as easy as possible. We’ll get you the right forklift to meet your needs with zero hassle, and at a great price. To learn more about our forklift rental services, give us a call today!

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