While essential for your warehousing operations, finding the right forklift for the job can get expensive. Between research, purchasing terms, maintenance and storage, the process is an investment in both time and money.
Renting equipment like forklifts opens up your budget and space, giving you optimal project flexibility. Whether you’re considering downsizing your fleet or just exploring the market, forklift rentals can be a cost-effective option for your business.
Why Rent Equipment?
Here are several ways renting material handling equipment can benefit your operations:
1. Cost Savings
Renting a forklift involves a lower upfront cost than purchasing the unit. In addition to the initial price tag, you’re also financially responsible for maintenance, repairs, storage, upgrades and insurance if you own your equipment.
When renting equipment, you simply pay the rental fee and return the unit when you’re done. Renting is ideal for operations with limited budgets or anyone looking to reduce costs. You can allocate the money you save for other aspects of your business and still reap quality performance from your rental equipment.
2. Flexibility
Adaptability is another benefit of material handling equipment rentals. Project demands, seasonal changes or workload shifts can cause fluctuating equipment requirements. Instead of buying all your equipment upfront, you can rent what you need for every job.
Renting offers the flexibility to scale your forklifts without the cost or storage needs of fleet ownership. You can respond more quickly to operational challenges and market changes, boosting productivity and efficiency.
3. Reduced Storage Requirements
Renting also cuts down the need for storage space. Storing forklifts and other equipment often means renting or purchasing storage space to house large machines. In some cases, costly facility expansions and renovations may be necessary to accommodate your growing fleet. Additionally, operations with limited real estate might need help finding dedicated storage space for their forklifts.
Renting allows you to return the equipment when you’re done with it. This frees up valuable warehouse and storage space, giving you more room for your operation. Better space usage and cost savings maximize your organization, helping you stay competitive.
4. Access to Newer Equipment
Most rental companies regularly update their fleets to stay competitive. Renting gives you access to the latest models, advanced technology and modern safety features.
It’s impossible for any business to invest in the latest equipment continually — it’s just too expensive and storage-consuming. By renting, you can enjoy state-of-the-art equipment with better efficiency, safety and performance without committing to ownership. You’ll keep your operation on the cutting edge without having to maintain a fleet.
5. Low Maintenance
Owning your equipment means arranging and paying for maintenance, repairs and replacements. Forklift rentals take the burden of upkeep off your shoulders. Your rental company will usually handle all the servicing and maintenance for your rental forklift. This agreement also gives you access to equipment in great condition.
Most rental companies work hard to maintain their equipment so you get the best experience possible. You’ll avoid unexpected repair costs and enjoy reliable equipment when you rent.
6. Ability to Test Before You Buy
Renting lets you test out different equipment before you commit to buying. Trying equipment first reduces the risk of investing in equipment that falls short of your needs.
You can rent different forklift models and configurations to find equipment that meets your operational needs. Getting hands-on experience lets you make informed decisions that ensure you get well-functioning, reliable machines for your operation.
Should You Rent or Buy?
Determine your needs before you commit to buying a forklift. Renting and buying offer different benefits — you need to weigh their advantages and pick the best option for your operations. Consider these factors to help you decide between buying and renting forklifts:
- Use: How long will you need this forklift? Does your forklift use fluctuate seasonally or is there a constant demand? Choose renting for short-term or irregular needs. If you need the forklift for longer or more frequently, buying might be more cost-effective.
- Maintenance: Can you handle the forklift’s maintenance needs and costs without significantly impacting your operation? Renting frees you up from maintenance and unexpected repair expenses.
- Budget: Rental equipment comes with lower upfront costs, reduced maintenance needs and minimal storage requirements. Choose renting if you want or need to lower your monthly expenses. Buying is a good option for businesses that want to maximize asset ownership and can afford the initial investment.
- Flexibility: Renting gives you optimal flexibility and scalability. Buying means you might not be able to take on the jobs that come your way if you don’t have the right equipment.
How Much Does It Cost to Rent a Forklift?
Your exact rental equipment cost will depend on your needs and rental company. Rental rates are typically calculated based on daily, weekly or monthly periods, with prices fluctuating for different models or rental company deals.
Accessories, insurance and delivery fees will also affect the total cost. However, some companies offer discounts for longer rental periods, helping reduce overall expenses.
Your average forklift rental will range from $200 to $1,000 per month, although this depends on your location and needs. Talk to your rental company to get a quote. That way, you can see exactly what you’re getting and what you can afford.
What Kind of Equipment Can You Rent?
You can rent basically any material handling equipment you might need for a job. Electric, propane and diesel-powered machines are all available to rent, depending on where you go. Some potential rental options include:
- Forklifts
- Floor care equipment
- Industrial carts
- Aerial lifts
Talk to your rental company to explore their options. The right dealer will have the equipment you need at great prices and with excellent rental terms. Reach out to their team to discuss equipment options, deals and terms when finding the best rental for the job.
Explore Forklift Rentals From Fitzgerald Equipment Company
Are you looking for high-quality forklifts? Enjoy convenient forklift rentals from Fitzgerald Equipment Company. We offer an extensive inventory of reliable equipment from leading manufacturers like Taylor-Dunn, Nilfisk Advance and Genie. Our rental fleet features low-hour, expertly maintained equipment, including forklifts, aerial lifts and more. We’re here to help you get the equipment you need when you need it.
You can count on us for flexible terms, competitive rates and exceptional customer service. Whether you need a quick replacement or you’re taking on a longer project, Fitzgerald has you covered.
Request a quote from our rental specialists today, or contact us to learn more about our comprehensive rental options. Trust Fitzgerald Equipment Company to deliver unmatched rental equipment to boost your operation’s success!
