Why You Should Always Hire A Forklift Instead Of Buying It

Posted on: 25 August 2020

There are many ways to manage your finances efficiently when running a construction, storage or transport facility, and a lot of them come down to understanding when you need to spend money and when you can save a few bucks. Hiring out equipment might seem like a silly decision to make, especially for items that you use quite frequently, but there is logic to this idea. The forklift is one of the most useful tools in anyone's arsenal, but if you need one, you should always use forklift hire rather than buying them outright. Here are a few reasons why.

Always Have The Latest Model

When you buy a forklift, you are stuck with that make and model for the foreseeable future. This makes it frustrating when you start to see newer and better forklifts come onto the market, especially when those improvements address specific complaints you might have with your forklift. With forklift hire, you never have to worry about this being an issue because you can always simply hire the latest model. Alternatively, if you want to save a few bucks, you can stick with older alternatives that still provide great mileage for the costs they incur. 

Insurance Without The Hassle

When you buy a forklift, you don't just have to pay for the machine but you also have to pay for its insurance and the maintenance and servicing. This can add up to thousands of dollars a year in addition to the total cost you paid upfront. Not only does this make your forklift a lot more expensive than it may seem on face value, but you also run the risk of getting the wrong insurance. The last thing you want is to have an accident and realise you are not covered due to an error on your part. When using forklift hire, you can have complete confidence that your machines are always insured.

Plethora Of Options

There is no single type of forklift that can do every job, which is why forklift hire offers multiple varieties of forklifts that can help in any industry. If your company needs to use different machines and are struggling to financially accommodate these purchases, then simply use the forklift hire available in most big cities and towns. Sometimes you may only need a side loader or a telehandler for a few hours, while for others, you might need for a specific contract that might last a few weeks. Neither of those warrants spending tens of thousands of dollars on a niche forklift, which is why you always need to keep forklift hire in the back of your mind.