The Top 10 Benefits of Renting a Forklift Houston
You own a lumber company and there’s been a recent spike in sales. You realize there’s no way you can lift each tree without an industrial forklift.
Buying a forklift isn’t in the cards, so what do you do? What about renting a forklift?
If you’re considering renting, here are 10 good reasons for going that route.
Things to Consider Before Renting
When browsing forklift leasing companies, have questions ready to ensure they have the right forklift for you.
How High Are You Lifting Your Products?
The industrial forklift must reach the height you’re trying to reach while withstanding the weight of your load.
If the forklift can’t tolerate the weight, you not only lose money but you’re putting yourself and others at risk.
Will You Be Operating the Forklift Inside or Outside?
The environment makes a difference as it determines the tires the industrial forklift will need.
Do You Need the Forklift Rental for a Day, Week, Month or More?
Rental rates can be assessed so having a definite time period can save you money. For example, you can get a reduced long-term rate or reduce the rental to the tightest period possible.
Also, ask about charges for overtime if you plan to use the forklift over the typical 8-hour workday or 40-hour week. It’s wise to ask about charges for damages and the review process when you receive and return the industrial forklift too.
The Benefits of Renting a Forklift
The 10 benefits of leasing forklifts are:
1. Get the Equipment You Need Quickly
When renting a forklift, you don’t need to worry about fixing your current forklift and hoping it works. Renting lets you keep your operation going with no hiccups.
2. Yours When You Need It
Buying an industrial forklift can cost between $15,000 to $25,000. That’s a lot of money to be sitting around waiting to be used.
Forklift leasing in Houston gives you the flexibility to avoid paying for equipment you’re not using. You can get a short-term contract when you know a seasonal spike is due instead of buying an entire fleet.
It’s reassuring because if you need extra forklifts, you can contact the rental company instead.
3. Predictable Monthly Cost
If you have a fixed budget and want to avoid unexpected maintenance costs, renting can give you peace of mind. Mechanics must check fluids and hydraulics, and potentially change parts if the industrial forklift breaks down.
But, when you’re temporarily renting an industrial forklift, you’ll know the leasing company will maintain regular maintenance over their machinery.
4. Always Have the Latest Technology
The forklift lease cost ensures you’ll always have the latest forklift. Old equipment may not reach the latest Occupational Safety and Health Administration (OSHA) standards for safety or emissions.
Or the forklift may need to be modified to meet OSHA standards. By renting an industrial forklift, you’re streamlining the process and are guaranteed updated and efficient equipment.
5. Try Before You Buy
You may not have the budget to splurge on a spanking new forklift. Renting gives you the freedom to see if you need one permanently and learn how to use it.
If the particular model doesn’t fit your company’s needs then you can simply return the equipment.
Also if your business is spread across multiple locations, you must transport the forklift by renting a delivery vehicle. But, if you rent, the company will deliver the forklift to you so there’s one less thing to worry about.
Having your forklift delivered means you can respond faster to different needs regardless of the location. The coordination of having the forklift where you need it, and for the right amount of time, streamline your operation, shortens the workday and saves money.
6. Tax-Deductible
As a business, you can consider rental payments as an operational expense (instead of a capital expense). They’re 100% tax-deductible so goodbye confusing depreciation schedules or dreaded tax ramifications!
7. Better Rates on Extra Equipment
Once you’re a long-term rental customer, it’s easier to get preferred rates to meet seasonal demands. Also, you don’t need to wait around because your personal forklift has stalled. With a rental agreement, you’re guaranteed on-demand delivery and pickup for your desired timeframe.
8. Lower Upfront Cost
Renting a forklift is often more cost-effective than buying one. There are also lower maintenance costs as a rental fee is easier to budget.
You don’t want to leave your forklift vulnerable to the elements. Sun, rain, or blustery wind can degrade the machine’s quality so you have to pay for storage.
You’ll also need a department to maintain mechanics, tools, and parts. But by renting, you’ll increase warehouse space by eliminating the need to stock parts.
9. Great for Businesses with Limited Credit
For many small businesses, access to credit can be a problem. Consider where your money is best spent either on a piece of equipment or invested in a way to increase profits.
10. Cut Costs During Slow Periods
During certain seasons, you’ll get a spike of orders which is when you’ll need an industrial forklift. Renting gives you the luxury of returning it if the business is slow.
Also if you’re attempting to increase production then the extra income will help cover the rental of the forklift. It’s a win-win!
That’s Why Renting a Forklift Is the Best Option!
Renting a forklift has many perks. Not only is it cost-effective but it frees up warehouse space, covers any maintenance drama, and lets you return it when it’s no longer needed. It’s also tax-deductible and doesn’t eat into your credit unlike the large purchase of a forklift. Happy lifting!
Do you need a forklift rental for your Houston business? If so, we’d love to chat. Contact us here for more information.
