Forklifts are one of the most essential and beneficial machines for many industries. Many manufactures could not go about their day to day duties without the use of a forklift. But should you buy a forklift or just rent one? Weighing up the pros and cons of buying a forklift can be tricky. We have put together a list of pros and cons to help you make your decision. Here at MJC we provide forklift hiring services as well as selling used forklifts in Swindon.
Pros to Buying a Forklift
- If a forklift is vital to the running of the business then owning a forklift will may cheaper than renting one over a long period of time
- There is only a one off payment rather than a monthly or weekly payment if you hire one
- A forklift can be considered as a long term asset to the company
- Having a forklift readily available at all times will mean you won’t waste time and money waiting for a hired forklift to be delivered
Cons to Buying a Forklift
- Cost of repairs and maintenance would have to come out of your companies budget
- If your forklift is out of action due to a service you won’t have a temporary replacement like you would if it was a hired forklift
- You must ensure your forklift meets all standards set by the Occupational Health & Safety Act
The most important thing for you to think about is the financial implications. You need to weigh up how often a forklift is used. Is it used only a few months out of the year or is it used on a daily basis? You need to work out how much it will cost to rent a forklift on a long term basis compared to the cost of buying a used forklift and having to pay for its upkeep. If you can lay the two costs out in front of you it will be much easier to come to a decision.
Here at MJC we have a wealth of knowledge on supplying and hiring out forklifts, we are fully experienced in all types of forklifts and are always on hand to help you decide what are the best options for your business. If you would like any advice or information then get in touch by clicking here.
Tags: forklifts Swindon