If you’re a business owner and your operations require a forklift, you have the choice of either purchasing or renting one. Depending on the nature of your business and your budget, one option might be more suitable than the other. Usually, you’ll see forklifts used in dockyards, warehouses, construction sites and more.
So, to help you decide on which option is right for you, we’re going to have an in-depth discussion on the benefits of hiring a forklift. Besides the financial benefits, renting a forklift has other operational advantages as well.
If you’re a small business and you’re struggling to grow, forklifts for hire might be a part of the solution.
- Allows you to evaluate the investment
Each time you plan to buy a piece of equipment for your business, you need to first make sure that it’s a good investment. Unfortunately, sometimes, there’s no way of knowing whether something is a good investment until you purchase it. And for a small business, this could be a huge risk as a bad purchase could cause a lot of financial issues.
With rental services, you can try out different forklifts for a lower cost. During the rental period, you’ll be able to evaluate the forklifts and decide on whether they are worth the initial investment. You’ll be able to assess how efficient they are and how much they help streamline the workflow.
Additionally, your licensed operators can also give you feedback on the quality and functionality of the vehicles. With this feedback, you can decide on a specific type of forklift that works for your team and your specific business needs. For example, it helps to know whether you need a rough-terrain forklift or an indoor forklift that works better in settings like warehouses.
- Allows you to meet high demands
You can also hire a fleet of forklifts if your business is seeing a temporary increase in consumer demand. Usually, an increase in demand occurs during the holiday season or during uncertain economic and social times.
Due to the coronavirus pandemic, we sometimes see a periodic increase in demand for necessities as well as home entertainment products. If you’re a smaller business and you’re feeling overwhelmed by this, consider hiring extra forklifts to speed up your workflow. Most rental services can provide a forklift in a short amount of time, so you’ll be able to use it almost immediately
Once the demand levels out, you can simply return the hired forklifts and resume your operations as normal. Since you only rented the forklifts, you don’t have to worry about maintaining them or selling them to another business. This saves a lot of time and, if you’re smart with how you rent, it could also save you money.
- Can be used for emergency situations
If you already have forklifts, rental services can still be useful should one of your forklifts break down. Rental forklifts will allow you to continue your operations while the broken forklift is being repaired or maintained. This minimizes disruptions and enables you to meet consumer demand despite one of your forklifts breaking down.
When renting a forklift, just make sure that the supplier can provide it in a short amount of time. You don’t want to pay for a rental forklift only to find out that you could have repaired the broken forklift by the time the rental one arrives.
Be sure to talk to service providers about estimated timeframes and whether you’re not they can provide you with the right forklift in time.
- Simplifies your responsibilities
Lastly, renting a forklift makes certain responsibilities a little bit easier to manage. For example, in Australia, all vehicles and equipment must comply with Australian health and safety standards. If you own a forklift, you’re responsible for the maintenance of the vehicles, the repairs, the necessary upgrades, the replacements and so on. All of these are necessary in ensuring that the forklifts are safe to use. Once the forklift gets to a certain age, you also have to worry about purchasing a new one without disrupting your operations.
On the other hand, if you rent a forklift, you can be assured that it’s relatively new and complies with all government regulations. This reassurance can help you and your team focus on other parts of the business. On the financial side of things, you only have to worry about the rental fee. This simplifies your budgeting, allowing you to put more resources in other parts of your business that need improving.
There you have it, four reasons you should consider hiring a forklift for your business. Sometimes, purchasing isn’t the best way to go. As a business owner, you need to be objective about your budget and the scale of your operations. By analyzing the needs and shortcomings of your business, you should be able to decide on the right option for you.