If you operate a warehouse or shipping yard, you know the importance of reliable equipment to an efficient, successful operation. For seasonal or big jobs with a shorter duration, many businesses are turning to electric forklift rental.
There are many advantages to renting forklifts over purchasing. But understanding the costs will be central to deciding whether it is a financially viable option for your business.
Electric forklift rental prices will vary depending on where you live and the type of equipment you need. The information below will outline what these factors are and give an overview of the benefits of forklift rental.
Benefits of Forklift Rental
There are several advantages to renting forklifts. One is that you can forgo the large upfront cost of purchasing one. Also, if you need more than one or two machines, the cost can be significant.
Forklifts need proper maintenance to remain effective and safe to operate. Most machines should have basic service and oil change every 200 hours of operation. You should perform more in-depth repairs, like replacing hydraulic filters and oil, every 600 hours.
This means downtime for your operation, as well as dedicated labor to perform the maintenance. Also, if you rent a forklift, you don’t have to worry about budgeting for maintenance costs.
Forklift rental can be especially useful for special circumstances where you need extra equipment for a short time. Maybe you operate a seasonal business that needs extra equipment during certain times of the year. Or, you may have a special project that demands greater lifting height or weight than your current forklifts.
In these scenarios, buying a new forklift doesn’t make financial sense. Renting allows you to tackle the job without any long-term commitments.
Benefits of Electric Forklift Rental
Besides these general benefits, electric forklift rental affords unique advantages over traditional machines with internal combustion engines. Electric forklifts have lithium-ion batteries that only need recharging for operation. So, you don’t have to worry about keeping extra fuel on hand.
Electric forklifts are lighter and more transportable. They’re also more compact, making them easier to navigate around tight corners or down narrow aisles.
Electric forklifts need much less maintenance than traditional ones. Even if you are renting for an extended period, very little service of the machine will be necessary.
Electric Forklift Rental Cost
The duration for which you will need the forklift and its load capacity are the two main factors that will impact the rental cost. You can expect to pay between $250 and $350 a day for lifts with a load capacity of 3,000 to 5,000 pounds. The daily rate may be closer to $400 or $500 for equipment that can lift more.
You will likely get a discount for renting by the week or month. Weekly rates will be between $400 and $2,000, depending on the size of the lift. Monthly rates could be as low as $1,000 for smaller machines but up to $5,000 for higher-capacity ones.
Pallet jacks may cost a little less than other types of lifts. Reach trucks and order pickers will be in the next tier up and will be comparable in price to traditional sit-down rider trucks. A rough-terrain forklift will be on the higher end of rental costs.
Find Electric Forklift Rental Near Me
Now that you know the benefits and cost of electric forklift rental, you can decide if it’s right for your business. Be sure to find a reputable retailer that can meet your business needs and budget.
At Superior Industrial Products, we offer forklift rental service for jobs of any size and duration. We rigorously maintain our fleet, so you can be confident that you are getting quality equipment you can rely on. Reach out to us today to learn more about equipment options and pricing.