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Forklift Rental: Why Renting May Be Right For You

Filed under: Materials Handling

So you are about to acquire a forklift. You’ve chosen the type, brand, model, capacity and fuel type. Most of the hard work is out of the way! Now you just need to decide whether you are going to buy the forklift outright, or rent it.

Forklift Rental

Forklift rental is often the most practical and economical solution, and here are some reasons why:

  • Capital is conserved: Renting enables you to acquire the use of equipment without capital outlay, which means no expensive upfront or loan costs with high interest.
  • Budgeting: you are able to budget for the future with fixed costs every month without any unexpected maintenance costs arising.
  • Increased Efficiency: Fleet Management Rental Programmes give you the right tools to maximise forklift efficiency through establishing K.P.I’s (Key Performance Indicators) and fleet utilisation reports.  This will dramatically reduce your administration costs and keeps staff free to concentrate on your core business.
  • Modernisation of your equipment: Renting allows you to always have the most up-to-date equipment and technology, as once your equipment ages or your renting terms end your old equipment is replaced with new ones.
  • Unforeseen needs: At unpredictable peak periods or when essential equipment breaks down, rental forklifts can provide immediate relief.

Things to keep in mind when deciding to rent:

  • Research thoroughly to ensure all your needs and wants are met.
  • Qualified employees: Ensure that you have a qualified employee to operate the piece of equipment you wish to hire..

Not all rental distributors are the same. Ensure that:

  • Equipment is well maintained.
  • They are a certified dealer.
  • You are comfortable with all the terms of the contract.
  • Ask about any extra fees or conditions.
  • Insurance on equipment.

Every person and workplace has different requirements and needs. The next step is to write down a list of your needs and compare it with the points above. Some questions might arise when forming the list, write them down and after finishing this would be a good time to contact your local dealer for answers. If you are not at the stage of contacting a dealer about your questions please feel free to leave any comments or questions below for Adaptalift Hyster or other readers to answer.

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Next entry: Forklift Driver Training: What You Need To Know

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4 comments

To whom it may concern,

I am looking at the hire rate, if one is possible, for a container forklift capable of moving 40ft HC containers loaded with 25 tonnes.
Any help on this would be appreciated.   
Kind Regards,
Ian

Ian
February 27, 2013 - 7:13 pm

We are looking to lease an Electric Forklift for three months from November 1st 2014 until January 31st 2015.

The forklift needs to be able lift pallets up and from a three level Pallet Racking. Probably 2500 kg.

Could you please give an approximate cost for the hire of the Forklift.

KEN YOUNG
September 15, 2014 - 11:43 am

Hi Ken,
Thanks for your message. We have forwarded your request to our Sales team and one of our reps will be in touch with you shortly.

AAL Admin
September 15, 2014 - 12:13 pm

                       
        I like your idea to make sure you are aware of any extra fees and conditions when renting equipment.  It’s always a good idea to find out how much it would be to use the equipment a little bit longer than planned.  Projects can sometimes run behind do to unexpected factors like the weather, so this is good to know.

Leviticus Bennett
May 24, 2017 - 7:32 am

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