If you run a business that ships or moves large items daily, you will most likely need a forklift. The big question is should you buy one or depend on companies offering forklift rental in Toronto? If you have a very large business and you use a forklift every single day of the year, you may be better off purchasing a fleet of forklifts. But, most small businesses that have seasonal peak demand and are not ready to put down a huge amount of capital to acquire this machine would be better off renting their equipment.
Here are some of the key benefits of renting a forklift.
1. Cost Effective
When you need a forklift to quickly handle a large batch of goods during certain months of the year, you will save a lot of money if you choose to rent your forklift. You won’t have to put down a large upfront deposit to acquire a new forklift. Also, the only monthly payments you will need to make are the rental fees, which are usually negotiable. Even large businesses who need a forklift for daily operations prefer to rent a forklift because of the increasing cost of forklift repair in Drummondville and surrounding areas.
2. Rental Company Handles Maintenance
When you own a forklift, you need to plan and carry out all the routine maintenance by yourself. This can be quite costly when you add up the price of maintaining the machine every year. Also, after a few years, the forklift will begin to gulp a larger amount of money for maintenance due to wear and tear. But, this does not happen when you rent a forklift. The rental company handles all the maintenance and related costs.
3. No Downtime
Renting a forklift from a reliable company will help you to avoid downtime due to any form of breakdown. Companies offering forklift rental in Toronto will always ensure that you get a replacement to continue your work if a machine goes out of service for routine maintenance or due to an unexpected fault. This makes it easy for you to plan your work and meet all scheduled deadlines. But, if you owned the forklift, you would need to bear the extra cost of getting a replacement when your truck breaks down.
4. Flexible Rental Periods
Virtually all forklift rental companies provide a flexible rental and payment schedule for their clients. This allows you to enjoy lower prices when you need to rent the machine for a longer period of time. Some companies also allow you to reschedule your payment and time for rental when you discover that you may not need it during the normal business season. You are allowed to specify your need for machines with special features or for additional machines when you have a sudden surge in demand.
5. Access to Updated Technology
Renting a forklift allows you to enjoy the latest improvements in forklift technology without paying a significantly higher amount. If you own the forklift, you may need to consult a company that provides forklift repair in Drummondville to help you tweak it to comply with new emission standards or to fit in new features every year. Renting the machine gives you continuous access to state-of-the-art equipment.
Those are some of the main advantages of renting a forklift for your business needs. To find out more about the terms and conditions for forklift rental in Toronto, consult a reliable material handling expert.