{"id":2390,"date":"2015-06-18T08:00:55","date_gmt":"2015-06-18T08:00:55","guid":{"rendered":"http:\/\/www.forkliftaccessories.com\/forkliftblog\/?p=2390"},"modified":"2023-11-14T21:20:50","modified_gmt":"2023-11-15T03:20:50","slug":"rent-forklifts","status":"publish","type":"post","link":"https:\/\/www.forkliftaccessories.com\/forkliftblog\/rent-forklifts\/","title":{"rendered":"Should You Rent Forklifts? |forkliftaccessories.com"},"content":{"rendered":"

Once you have determined the type of forklift you want to get, you need to choose how<\/p>\n

\"(Courtesy:<\/a>

(Courtesy: Donald Boger)<\/p><\/div>\n

you will acquire it \u2013- rent or purchase<\/a>.<\/p>\n

Of course there are advantages and disadvantages to both. However, the decision rests on how you plan to use the lifts and how necessary it is for your company to own lifts.<\/p>\n

Here are some advantages to renting forklifts.<\/p>\n

\u00b7 You don\u2019t own the vehicles. If you rent the lifts, the cost is tax deductible.
\n\u00b7 You can try them out without obligation. Renting the equipment means that you can determine if there is a true need. If not, you can simply return them.
\n\u00b7 Use as you need them. If your business only needs forklifts occasionally, then you can rent them only when you need them.
\n\u00b7 Less commitment. Renting lifts means that you have them for the short term. You don\u2019t have to worry about re-selling the asset because you don\u2019t own them. Once the term of the lease is complete, you simply return them to the dealer.
\n\u00b7 You\u2019re not responsible for breakdowns or malfunctions. The dealer from whom you rent the equipment is responsible for general maintenance, not you. You don\u2019t have to shell out money to have one fixed after a breakdown or a malfunction. If a forklift breaks down, the dealer simply replaces it.
\n\u00b7 Cost is covered by increased revenue due to better productivity. The extra revenue earned by the increase of productivity due to the use of the forklifts helps pay the cost of the rent.
\n\u00b7 Easy exchangeability from one type of lift to another. If your business operation changes, then the forklifts you are using may become inappropriate. Since you are renting the equipment, you can easily exchange one type of forklift for another type that would be more appropriate to your new needs.
\n\u00b7 Can help supplement your fleet of owned forklifts. For example, you can rent a forklift to substitute for a lift that is out of service. You can rent forklifts to help with a special project rather then buy forklifts you won\u2019t need when the project is finished.<\/p>\n

Of course there are disadvantages to renting forklifts.<\/p>\n

\u00b7 The overall cost is greater. Renting forklifts can be costly over the long run compared to an outright purchase.
\n\u00b7 You may have to pay rent when not using the lifts. Generally, the rental contract is for a specific period of time. As a result, you may not have to use the lifts at times during the duration of the agreement if a cancellation clause is not included.
\n\u00b7 No rent to buy agreements. You can\u2019t buy the equipment even if you rent for several years.
\n\u00b7 Limited availability of the type of forklift you want. Specific specifications like lift and door height and turning radius may not be available when you need to rent.
\n\u00b7 You may have to hire forklift operators. Regardless of whether you rent forklifts to supplement a fleet or because you don\u2019t have a fleet, you may have to hire operators to run them.<\/p>\n","protected":false},"excerpt":{"rendered":"

Once you have determined the type of forklift you want to get, you need to choose how you will acquire it \u2013- rent or purchase. Of course there are advantages and disadvantages to both. However, the decision rests on how you plan to use the lifts and how necessary it is for your company to […]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,13,61,39],"tags":[404,40],"class_list":["post-2390","post","type-post","status-publish","format-standard","hentry","category-forklift-accessories","category-forklift-attachments-2","category-forklift-driving","category-forklift-parts","tag-forklift-rental","tag-forklifts"],"yoast_head":"\nShould You Rent Forklifts? |forkliftaccessories.com<\/title>\n<meta name=\"description\" content=\"There are two options when acquiring forklifts, rent or buy. 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