Many enterprise owners are unaware of the advantages of long-term forklift hire. Although buying forklifts represents a valuable investment for firms, there are hidden costs associated with ownership. Another consideration for companies is how significant forklift usage is for their operations. In some cases, a business will consider purchasing forklift trucks for a single project, but never end up using them again. Forklift hire is a far more sensible solution in such situations.
Hiring can also enable enterprises to access expensive equipment that is typically beyond their budget to buy. In businesses with minimal capital, like start-ups, a long-term rental can be an ideal solution to answer equipment needs economically. In this blog, we’ll explore some of the advantages of a long-term hire agreement for forklifts. Read on to find out more.
Hiring forklifts to suit your usage
Long-term forklift hire is a useful option for every business that requires forklifts for their operations. Whether a forklift is needed for one project or for continuing use, long-term hire can be ideal. Occasionally, firms may require extra forklifts for their operation during busy seasons. Under these circumstances, hiring additional forklifts is preferable to making further purchases to tackle temporary periods of increased activity.
Long-term hire can cover repairs and maintenance
Along with the price of purchase, forklift trucks require regular maintenance which also comes at a cost. Fortunately, leading forklift hire contracts typically cover repairs and maintenance. Businesses considering a hire option will find this useful as when machinery breaks down, repairs are not the only expense suffered. Such disruptions can impact productivity, stopping business practices and harming companies financially.
Many hire firms will provide comprehensive packages that include full breakdown cover, the costs of labour and parts. Most offer mobile repair services that will conveniently visit your site to perform repairs. If a forklift requires extensive repair work, the hire firm will typically send out a replacement truck.
Enjoying increased flexibility
Hiring forklifts also gives firms greater flexibility in terms of changing makes, models, and truck types. In the ever-evolving materials handling industry, a company can’t always predict the type of forklift they will require from one month or year to the next. For instance, a firm may need a heavy-duty solution for a certain part of the year but can operate effectively with a compact model at other times. Most enterprises cannot afford to purchase different forklifts every time their operational requirements alter.
Additionally, many firms don’t have the available storage space for trucks that aren’t in use. Hiring provides businesses with a more flexible alternative allowing them to adapt effectively to changing work patterns and loads at no extra cost. Using a hire option also ensures that you can easily upgrade the forklifts you use on-site when new advanced models become available.
Saving your company money with a forklift hire agreement
Paying out low monthly payments for a piece of equipment that costs a significant sum to make money for your enterprise is a far less risky prospect than purchasing it outright. Furthermore, for tax purposes, renting heavy equipment can even save you money. As hire equipment is not classed as a fixed asset, combined with hire costs contributing towards a company’s overall operational costs, long-term hire can be a more tax-efficient option.
As you can see, long-term forklift hire has multiple benefits for businesses that use these useful material handling solutions. You might be looking to keep your costs low or remain flexible in terms of the equipment you operate but either way, hiring can help. Enjoying peace of mind and knowing that should your equipment breakdown all repairs are covered can also be invaluable and ensure that your business’s processes stay running at optimum.
If you’re thinking about long-term forklift hire, contact the team today and find out how we can help.