Each business has its own set of needs. Some require the use of heavy equipment on a day to day basis, some on a seasonal basis, and some rarely. The forklift is one such equipment. If your business doesn’t own one and you need one, then you might be overwhelmed about deciding whether to buy it or not. Forklifts are an expensive piece of machinery, which need maintenance. forklift rental in Toronto is a great idea. Here is how renting a forklift could be beneficial for your business.
Questions you should ask yourself while making the decision
Suppose you are unsure whether you want to buy the forklift or rent it. In that case, you should consider asking yourself a couple of questions that would help to put things into perspective. Would the forklift be used regularly? What would be the level of intensity of the work? Do you have the necessary capital to purchase one? Would there be enough capital to cover any unexpected costs of repairs and maintenance? Do you need one forklift or a fleet?
The benefits of renting a forklift
Easier on the pocket: If the forklift is for short or medium-term use, then you should consider renting as it can significantly lower the costs. Your business won’t require a massive amount of capital to rent one. There are no massive upfront costs here. If you are renting the forklift frequently, it would eventually cost the same as purchasing the forklift.
Easy Maintenance: When renting a forklift, maintenance is provided by the rental company. If there is an unexpected breakdown, then the rental company would look into it. This doesn’t mean that the machine needs to be in an abused condition. Once the device’s rental period is over, you would have to return the forklift in the state in which you received it.
Better Technology: Buying your forklift means using it till the very end of its life. Technologies are fast changing. When you rent a forklift, you can rent the latest technology and won’t have to pay a higher cost for it. Whereas, if you already own one, then buying another forklift would mean spending more money, which is not always feasible.
Flexibility: One of the most attractive points of renting a forklift is that the rental companies provide flexibility on the rented forklifts. Suppose the rented forklifts are required to carry out different tasks. In that case, the company will send you the appropriate machinery needed for the job.
The disadvantages of renting a forklift
When you rent a forklift, you might have to wait a while for the equipment to arrive. The forklift has been rented only for a particular period. However, most rental companies are flexible with it, but you can’t always be sure about how long it would take to get the job done. Sometimes, the forklift operator might not know how to operate the particular model that has been rented for use.