Having access to reliable and efficient forklifts and lift trucks is an essential part of material handling. There is a range of ways to gain access to the equipment your warehouse needs: rent, buy new, buy used, or lease. There are a few things to consider when deciding which option will work the best for you: cost, maintenance considerations, number of lifts required, etc. Here are a few things to consider about each option:
Along with cost considerations, you should consider how much you’ll use the equipment in combination with how essential it is for your work flow. Do you need the forklift for only a few days each month?
When you purchase a forklift, you are responsible for its upkeep and routine maintenance. When forklifts are rented from a company like Southern Material Handling, we are responsible for maintenance and costs associated with it. We will even replace the unit so there is not a stop in your workflow. Budgeting for a forklift rental is cheaper and easier than purchasing one and worrying about maintenance costs that may accrue.
When you rent a forklift versus purchasing one, you can avoid large upfront costs for a down payment, etc. Instead, you can focus on renting a lift for a certain period of time. Ask about rates for weekly and monthly prices to ensure you receive the best deal for your dollar.
When you purchase a forklift, you are limiting availability of multiple models. The flexibility of renting a forklift will allow you to select which lift truck or forklift that will function the best for your operation.
If your industry requires a unique type of truck or one with exact specifications, it may be difficult to find a lift truck for rent every time you may need one. Purchasing the truck that will function as you need may be the best option for your warehouse.
No matter which option you choose (buy new, buy used, or renting), you will need the right training. Having the right training is essential to run a safe and productive warehouse. Forklift certification training can help prevent accidents thus saving lives & equipment too. Training is also required by OSHA. Be sure all of your forklift operators are trained appropriately to avoid hundreds of dollars in potential fines, prevent accidents, and at the very least reduce the cost of unnecessary maintenance requirements. Southern Material Handling Company offers convenient training. Find out more here.