Should you hire or buy a forklift?

01 Apr Should you hire or buy a forklift?

If you need a forklift for your business, then you might be weighing up your options regarding the type, brand and model. But something else to consider is whether to purchase outright or hire from a dealership. Not sure which path to go down? Check out this blog form the team at Triwest.

Hiring a forklift

Hiring a forklift can be a great idea if you’re unsure of which type of machine is best for your operation. The reason being that you can try out a number of models without committing to an actual purchase. It can be helpful to think about why you need a forklift in the first place. For instance, is it to reach high areas, navigate tight aisles or a combination of both? By renting, you can test different units to get a feel for what will be the perfect fit. 

Another thing to consider is the nature of your business. If work heats up during peak periods and then dies down at other times, then renting might be the ticket. This is because you can quickly bring on extra units as required, and then return them without any issues if things become quiet. In other words, you can save a lot of money and enjoy greater flexibility when renting from a specialist supplier. 

Keep in mind, however, that renting can often be more expensive in the long run when compared to buying. Maintenance and servicing costs can also contribute to monthly rental fees. 

Buying a forklift

While purchasing a forklift outright can be expensive, there are many situations where it makes the most sense. For example, if you know exactly what you need and you’re confident that you won’t need to change the machine anytime soon, then it’s never a bad idea. Similarly, if you have the cash, or you need the asset on your books as capital equipment, then it’s a win-win. Remember that each company will have its own set of circumstances and policies that need to be accounted for when making any decision to hire. But at the end of the day, the final call may come down to simply wanting to own all your equipment. 

Forklift hire and sales in Melbourne 

Need a forklift in Melbourne or regional Victoria? Triwest is a leading supplier of top-performing forklifts that customers look to with complete confidence. With over 40 years of experience in the industry, we’re a trusted, local name and we only work with the best manufacturing brands. Get in touch with our friendly team to rent or buy forklifts that will never let you down. Call today on 1800 874 937 or complete a contact form and we’ll get back to you as soon as possible.