No large upfront purchase costs:
Forklifts can be hired on either a short term or long term base. Organizations can steer clear of the large upfront costs mixed up in purchasing a forklift by renting equipment for desired timeframes. Long-term hire can be prearranged for a weekly or monthly price with a leasing company. Temporary hire prices can vary however most forklift companies do have frequent pricing campaigns to take advantage of and you should constantly ask what deals are obtainable to you.
No maintenance costs and issues:
When a forklift is bought, the owner is responsible for all maintenance costs and any allied issues such as downtime. Over the course of a year, this can add important amounts to the cost of the asset. Also, as the forklift ages, maintenance costs increase simultaneously. The added cost of sidelined out of service equipment and organizing temporary replacements if crucial must also be considered when budgeting for a new forklift.
When forklifts are hired, the hire company is usually responsible for all maintenance costs so the cost of servicing or the substitute of a forklift does not need to be taken into account. If there are problems with a hire forklift and a replacement is required, most hire companies will offer the replacement unit free of charge. Some organizations believe regular hire payments are easier to budget for that unexpected costs which can occur when a forklift is purchased.
Safety and legal issues:
Forklift owners must be required to make sure their vehicles are correctly maintained and meet all relevant safety requirements. Many accidents involving forklifts are due to neglected maintenance schedules and poor working conditions. Organizations hiring forklifts are responsible for the training and working circumstances of forklift legislation and can offer expert advice together with full risk assessments, lifting plans and process statements which cover aspects such as personal protective equipment, checklists, and operating instructions.
Choice of models:
Renting a forklift enables an element of flexibility in a workplace. The customer can select the correct model to rent for a specific job which may be different to a model to that is required for one more task. The same level of flexibility cannot be obtained when purchasing a forklift which can cause high costs for an organization and/or unskilled working practices.
In order to make the most appropriate decision for your business in regards to renting or purchasing your resources handling equipment, speak to an industry expert to engage the best advice for your operation first. By analyzing the above four factors and advice provided by equipment specialists, you will be in a position to make the most fitting decision for your circumstances.