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Top 5 Benefits of Renting a Forklift

by Ronald Wolf Business Consultant

Forklifts have been a staple at every warehouse and construction site for decades now. You basically can’t do business without them. However, do you always have to buy one? They are pretty expensive upfront, not to mention the cost of storing them when you simply don’t need them. There are multiple logistical and financial factors that need to be taken into account when you think about renting and getting a forklift. Luckily, many excellent forklift rental companies have sprung up, and you will certainly find some utility in their services. In the article below you can find some benefits for renting out a forklift.

Cost-effective

First things first – the bottom line. Simply put, forklifts are costly, and we all know how limited and important money is to any business. A good cash flow keeps your company running, it helps it stay alive, and it allows it to breathe, to grow.  A forklift greatly influences this, though the positivity or negativity of its influence depends on you.

Namely, buying a forklift that you won’t be using constantly means you will be tying up lots of capital directly to a depreciable asset.  By simply renting it out, you won’t have to give out a substantial upfront cost, but will instead get to invest it in other areas.

You can wet hire

One of the more difficult parts of running a business is getting good people. You need staff that is loyal, capable, quick on their feet, willing to learn, all the while possessing all the relevant skills their job position requires. Sometimes it’s impossible to create a complete crack team like that, you’re bound to have some holes there. 

Furthermore, you might not have the time, energy, or resources to train somebody to use a forklift, especially if said forklift won’t even be used year-round by this person. Their skills will get rusty, and you wasted your money on training them. However, when you rent out a forklift, you get a wet hire option. Namely, with wet hire, you can get a trained and experienced forklift operator to work with you only when you need them.

More flexibility

Renting a forklift out is all about flexibility. By not buying this piece of equipment, you get the opportunity and freedom to move around. You get one piece less that might tie you down to a specific location or field. Renting one out means using it only when you need it, no matter if it’s for the short term or the long-term. 

Getting good forklifts for hire means you have a vital piece of equipment during peak periods, during times where you are simply falling at the seams due to the amount of work you have. Then, once you’re done with them, you won’t have to worry about storage or downtime maintenance.

Always up to date with the newest tech

Another great benefit of renting your own forklift is that it’s going to be pretty easy to stay up to date with the newest tech and machinery. Instead of always falling behind, or waiting for the newest model to come out, you can always be certain that you will get the best the market has to offer. Instead of continually adding newer and newer forklifts to your fleet (while you only need one) going with rentals pretty much means you won’t have to worry about working with out-dated tech.


No depreciation costs

One of the more annoying things about owning equipment and machinery is that you see it depreciate in value in front of your very eyes. It’s almost like your losing money with each passing second, even though you’re not doing anything. It gets worse if you only need forklifts every once in a while. Learning proper warehouse inventory management and logistics can help you figure out exactly how often you need to use a forklift.

Conclusion

And there you have it, folks, a couple of reasons why renting out a forklift is very useful and beneficial. You will always be up to date with the newest technology, all the while not wasting money on a piece of equipment that is depreciating in value with each passing moment. Renting a forklift out is cost-effective, it’s flexible, and even leaves you some room for getting a wet hire, if you need one.



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About Ronald Wolf Freshman   Business Consultant

13 connections, 0 recommendations, 38 honor points.
Joined APSense since, January 10th, 2018, From Perth, Australia.

Created on Sep 30th 2019 06:57. Viewed 417 times.

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