The Difference Between Renting and Buying a Forklift

When the time comes to replace your industry forklifts with new and improved models, you’re going to want to save as much as you can. Unfortunately, as necessary as these pieces of equipment are, they’re also expensive and can put a dent in any operational budget. It’s for this reason that many operations and executive warehouse managers consider all their purchasing options when making this costly decision. But what is the right choice for your business? Discover the difference between renting and buying a forklift and how they affect your process of replenishing your equipment.

The Benefits of Renting a Forklift

If you only use forklifts for specific projects or seasonal tasks, you may want to consider renting a forklift. You won’t need to splurge for maintenance as the machine ages, and there isn’t any long-term commitment involved in the contract. In renting, you’ll only have the forklift when you need it most, and you’ll only be responsible for its care during the period it’s in your possession. There’s also no financing required, so it’s quicker to get approval for a forklift when you need it right away.

The Benefits of Buying a Forklift

Buying a forklift, on the other hand, often better suits for industries that use them for everyday projects. Since those in warehousing, for instance, use them for daily stocking and inventory roles, they’re a crucial part of the process and should always be available for use. Fortunately, buying a forklift allows you to always have access to one without the hassle of signing renting paperwork. Also, buying your forklifts offers a better return on investment when you trade it in and a more exceptional ability to customize your model to suit your needs. Whether you’re in the market to buy your forklifts or rent them for a few specialized projects, Toyota Material Handling Ohio has you covered. Our large stock of new and used Toyota forklifts come in a variety of shapes, sizes, and conditions to work well with your needs and budget.  

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