A forklift or PIT (powered industrial truck) is an important tool for your business, and often times can be a significant investment as well. Choosing whether to buy or rent a forklift, or any piece of warehouse equipment is a tough decision.
Consider some of the following advantage to renting a piece of equipment, before deciding to purchase outright or lease:
- Lower Upfront Costs – Renting eliminates the need for a large initial investment, freeing up capital for other business expenses.
- Flexibility – You can rent different types and sizes of forklifts as needed for specific projects, rather than committing to one model.
- No Maintenance Costs – Rental agreements often include maintenance and repairs, reducing your overall operational costs.
- Access to the Latest Equipment – Rental fleets are typically updated regularly, allowing you to use the newest models with improved efficiency and safety features.
- No Depreciation Concerns – Since you don’t own the forklift, you don’t have to worry about its value decreasing over time.
- Scalability – If your business experiences seasonal demand fluctuations, renting allows you to scale up or down as needed without long-term commitments.
- Reduced Storage Needs – When you’re not using the forklift, you can simply return it, avoiding the need for storage space.
- Try Before You Buy – Renting gives you the opportunity to test different models and brands before making a purchase decision.
Whether you choose to rent or buy a forklift, we can help you determine the right piece of equipment for your application. Contact us today to get connected with an expert who can walk you through your first material handling equipment purchase or rental that will fit your budget and needs. We provide a variety of flexible short-term and long-term rental rates, with extra services including delivery, maintenance, and swap-outs for specific applications.
