Fork lifts are becoming increasingly important in various industries, and sales are expected to reach 2.4 million units annually by 2030.

A fork lift operator can transport heavy loads and a large quantity of goods quickly, and safely. One thing you may be wondering, however, is if it’s worth buying a fork lift, or if you should rent one instead.

Let’s take a look at some of the key benefits of fork lift rental.

Flexibility

One of the main benefits of renting a fork lift is the flexibility that this approach offers. You’re freer in terms of the fork lift type and the attachments it has, so if you get something that’s not quite right, you can change it with ease.

You may also want to change the number of fork lifts you have. If you’ve rented too many or not enough, this is easy to deal with. If you buy too many or need to buy more, it’s a more arduous task to deal with.

This is also a major benefit for a growing business. You’ll be able to keep up with increases in demand more effectively.

Ease of Maintenance

Daily operations will cause wear and tear, so fork lifts need to be maintained to ensure they don’t break down or fail. This is vital not only for productivity but also for workplace safety.

If you buy a fork lift, you’re completely responsible for the maintenance. With a rental, however, the leasing company is responsible instead.

You won’t need to worry about organizing a regular maintenance routine, and if there are any issues, you can contact the leasing company to deal with them. If the fork lift needs to be replaced, they’ll take care of that too.

Bear in mind that your company will be responsible for paying for any damage that occurs while your company is renting a fork lift, such as if one of your workers collides with a wall and damages the forks.

No Large Upfront Costs

When looking at the option to buy vs rent, you should always be considering the costs. If you buy a fork lift, it will be yours outright and you won’t have to keep paying a leasing company to use it. The upfront costs, however, are much higher.

When renting a fork lift, you’ll agree on a price plan, and this is all you’ll need to pay. Avoiding a large upfront cost can be very beneficial for a lot of businesses.

You should look at the costs of each option before making a decision. Determine which would offer you the best ROI so you can get the most out of your purchase or rental.

Finding the Right Fork Lift Rental

Once you’ve assessed your business needs and looked at the benefits of each option, you should know whether you want to buy or rent a fork lift. Either way, the team at Superior Industrial Products can help.

We can offer fork lift rental, sale, parts, maintenance, and more. We’re able to meet all the material handling needs of your business and aim to provide such incredible fork lift services that you view us as a strategic partner for your business. Take a look at our fork lift rentals page to find out more.