For many companies, forklift trucks are an essential tool but they can be expensive to buy and maintain. If purchasing them outright is not an option for your business, there are a number of advantages to simply hiring the equipment instead.
Financial freedom
With start-up businesses money can often be tight at the beginning, so it’s not always wise to tie up a large amount of capital in forklifts or other machines. Hiring them offers you more flexibility with your budget, enabling you to invest and grow. Whether it’s on a short or long term basis, if you have a hire contract you’ll know exactly how much you have to pay each month. There’ll be no need to budget for those unexpected breakdowns or repair bills. Hired forklifts will include all repairs and regular servicing, so you’ll always have a vehicle available for use.
No depreciation
As with any other type of equipment, once you buy a forklift truck, its value will start to depreciate. When the machine comes to the end of its life or you no longer require it, you need to sell it on and clearly you wouldn’t make back your full investment. With a hire vehicle there’s no need to worry about this. If you don’t need a forklift any longer, you can simply return it at the end of the contract period.
Get the right product
All forklift trucks aren’t the same and it’s important to use the right one for the job. You might need one that performs better inside than outside or one that’s suitable for use in confined spaces. Rather than buying a range of different trucks for all these instances, you can simply hire the ones that you need when required. This will enable your employees to carry out their tasks more effectively as they’ll have the correct type of equipment.
Specialist support
With so many forklifts on the market, it can be hard to know exactly which one you need. Websites such as askhitec.co.uk, can offer specialist support to help you work out exactly what you need. They’re experts in their field, working with trucks every day of the week. Therefore, they are best placed to provide the right advice on what’s needed in each situation.
Tailored to your work schedule
There are always peaks and troughs in any business and it’s hard to plan for all eventualities. If you only need forklifts for certain types of work or sometimes require extra vehicles, a hire contract could offer your business great benefits. By working with your service provider, you can plan when you’re going to need the trucks so you’ve always got the right number at any given time.
Hiring trucks also means you can quickly take advantage of changing market conditions. If the work slows down you won’t have made a big investment in vehicles you’re not using. On the other hand, if business suddenly increases, you can increase the amount of hire trucks to manage the workload.