Benefits of Long Term Forklift Rental

Forklift ownership can be costly to purchase and maintain, and when it breaks down, it can bring your business to a screeching halt. Forklift hire, on the other hand, evens all these costs into a weekly or monthly fee, lowering upfront costs. It typically includes all servicing and repairs needed, minimising management needs and maximising financial efficiency within your business.

So what are the benefits?

There are myriad of benefits for long term forklift rentals including:

• Scheduled Servicing:

  The hire company will organise forklift servicing at a time that suits you and organise the transport and a loan forklift if needed so your business can continue operating.

• Priority Field Service:

  If your unit breaks down, you will have priority in the repair line, minimising downtime and getting your business back running faster.

  

• Free Breakdown Loan Unit:

  If your hire forklift breaks down you can get a courtesy loan forklift while the other unit is repaired, keeping your business running and reducing the stress of trying to find a replacement forklift last minute stopping your business from grinding to a halt.

• Tyre Replacements:

  Tyres and safety equipment are included in most long-term rental services. Saving you the hassle of sourcing tyres and having them installed and giving you peace of mind that your forklift is up to standards.

• Zero Upfront Repair Costs:

  Forklift repairs can be costly and can come at the worst time for your business. Instead of being caught off guard, all repair costs are included in the standard rental costs letting you budget more easily.

• Flexible Payment Plans:

  You can have greater flexibility on the payment schedule when compared to short-term forklift hire or loan payments for the upfront purchase of a forklift.

• Increased Tax Deductions:

  When purchasing a forklift you may only be able to claim tax deduction for the initial GST, and the ongoing interest costs of the loan for the unit and depreciation of the forklift. On the other hand, when hiring a forklift you can claim the rental fees as operational expenses offering a far greater tax advantage.

• Easier Budgeting:

  As you are paying a fixed weekly or monthly cost it is far easier to budget capital to cover these costs and you won't be hit by sudden expensive repair costs.

• Capital Freedom:

  By renting you can keep your business debt lower and will have more freedom to use your capital on other expenses and for growing your business.

• Scalability:

  Long term forklift hire lets you easily scale to your business needs as unlike purchasing multiple forklifts you need far less capital to hire multiple forklifts letting you use the saved capital for growing your business.

  

• Easily Replaced:

  When it comes to replacing an old forklift if you own the unit you will need to find a replacement and sell or dispose of your current unit. This can draw out the process and leave you out of pocket. Whereas with a rental unit, the hire company takes care of that for you as you can just hire another newer unit, saving you the stress of finding a new unit and the disposal of the old one.

If you want a long term forklift hire for your business or want to get a quote on a rental contact the Forklogic team today!