If you work in an industrial or manufacturing field, chances are you are used to using various heavy equipment to help you get the job done. If an upcoming project has you picking up a commercial equipment catalog to order a new forklift, you might want to take a step back for a moment. There are companies out there today that offer forklift rentals as well as rental options for other heavy equipment. Here are three reasons why renting instead of buying a new forklift might be the best option.
Keep Cash on Hand and Avoid Another Loan
Heavy equipment is not cheap. If you are about to buy a forklift, you are either going to have to take a nice chunk of money out of your business bank account or you're going to have to saddle your business with yet another loan. Renting instead of buying lets you conserve capital so you can use it for other purposes.
Always Have the Latest Features
The thing about the heavy equipment industry is that advances in safety and technology are always being made. The forklift you are looking to buy right now might be considered top of the line, but in a couple years' time, there might be another model on the market that is superior and maybe even more efficient at getting work done. You can't go buying a new forklift every couple of years just to stay up to date with technology, but choosing to rent will ensure that you always have the latest model available to you.
No Maintenance Costs or Hassles
Another issue with owning heavy equipment that you might not have thought about is that, once you own it, you are responsible for making sure it stays in working condition. This could lead to additional costs over time, and having to stop your business to fix a broken forklift is just a headache. When you choose to rent instead, you will be getting equipment that is either new or that the rental company has already performed maintenance on for you. You can rent with confidence that your forklift will remain reliable for the full duration of the job at hand.
If your business needs a forklift or another piece of heavy machinery for some upcoming work, consider the benefits of renting instead of buying. Renting will help you preserve your capital, ensure that you are getting the latest models for every job, and let someone else deal with the hassle of performing maintenance and safety checks. For more information about renting a forklift, contact a company like U.S. Lift & Warehouse Equipment Inc.