When it comes to needing a quality forklift for your business, there are two choices. Some companies will choose to buy, while some will choose to hire. In essence, hiring forklifts or buying forklifts is a choice that is individual to your business needs. As such, it will depend a lot on what business you are in and why you need the forklift.
However, there are some general reasons that can recommend both hiring forklifts and buying them. Read on to find out which might be best for you.
Hiring forklifts
When it comes to choosing which way to go, many businesses opt to hire the forklift they need in. There are a few reasons this may be the way to go for your organisation as follows.
Firstly, there is no big upfront buying costs with renting a forklift out. Compared to actually buying a forklift, renting one out is much cheaper. Even if you decide to hire one out for long periods, most hire companies will give you special rates to keep the costs down. Naturally, this is a great reason as it saves you money overall.
Hiring forklifts is also great for business as there are no maintenance costs either. The hire company are responsible for keeping their machinery in tip-top shape which saves you the cost and time of doing so. When you buy a forklift, you suddenly have to keep it in good working order.
Hiring is great for business safety
In many ways, hiring a forklift can improve the safety around your organisation too. Hire companies now can give full training on the gear you hire along with risk assessments for your site. This helps to avoid any injury or accidents that may occur from your staff not knowing how to operate it safely.
Hiring a forklift is also better for the flexibility it gives to your business. You are free to tender for any job you like, even if you don’t own the forklift to do it. The solution is as simple as hiring in the machine you do need! It also gives you access to a far greater range of trucks, without having the huge cost of buying one of each to keep on-site. If you are a business that has peak periods where you may only need a forklift for a few weeks or months, this is a key consideration.
Buying forklifts
With so many reasons to hire a truck, you may seriously wonder why any business buys their own! However, there are some really good reasons to do this also.
Buying your own forklift means that it is always there when you need it. If you have a rush job come in, then it is waiting to be used and get it done on-time. Naturally, this is not the case with hiring where you may have to wait a day or two for it to arrive with you.
It may be better to buy a forklift if you think your business will get heavy, regular use out of it. Although hiring is simple, it may still get tiresome if you are literally doing it every day for the same forklifts. In this case, many businesses would choose to buy their own and save time.
Delving a little deeper into the business aspect of this question, buying a forklift can make sense for your company accounts. When you purchase a forklift, it is a physical asset that the business owns. This can be handy for many organisations and is not something that a rented truck can offer.
Let your staff become experts
If you buy your own company forklift, then you can spend time training staff up fully on it so they become experts. This will see them able to complete jobs quicker and your business makes more money. While rental trucks can come with training, it will still take them time with each different hire to get the hang of that model.
The major factor that puts many businesses off buying their own forklift is cost. It might not be as expensive as you think though! Most companies that sell forklifts will allow you to pay monthly for it and sell used forklifts that are great value for money. Used forklifts are still safe and reliable machines but just aren’t brand new.
Contact Budget Fork Trucks today
As you can see, there are some really great reasons to both buy and hire your next forklift. Once you have decided on the best option for your business, why not give us a call? We have a great range of new & used forklifts to hire or buy. With a great selection of models and specifications, we have the forklift you need.
Browse the website give us a call today to find out more.
