Skip to main content

Should I Rent or Lease a Forklift?

Forklifts can be an expensive investment, and purchasing one may not be in your budget right now. Fortunately, you can lease or rent a forklift, rather than purchasing one outright. 


Leasing a Forklift

When you choose to lease a forklift, you can do so with little to no money down, spreading your payments for the forklift out over a number of years, typically one to five. After your lease expires, you can then exchange the machinery for a newer model, purchase the machinery, or return machinery. 

When it comes to forklift leases or forklift rentals in Pittsburgh, Trupar America has top-quality inventory for you to choose from. 

Renting a Forklift

Unlike leasing, you will not have the option to purchase the machinery after your rental period has ended. If you plan to use the forklift for a short job, you can choose short-term rental options for days, weeks, or months. Long-term rentals are also available that can last for 12 months or more. 

What Does it Cost to Rent/Lease a Forklift?

There are a variety of factors that can affect the cost of your lease or rental. These factors include:

  • The price of the forklift
  • Your credit score 
  • Length of the lease/rental

When it comes to cost for lease and rentals, this can vary depending on where you rent or lease from. It is important to contact Trupar America directly to learn more about pricing. 

Pros and Cons of Renting or Leasing a Forklift

There are a variety of benefits to renting or leasing a forklift, including a lower upfront cost. Since there is little to no upfront expense, you can reap the benefits of this machinery without paying tens of thousands of dollars. 

You also won’t be roped into a long-term commitment. When you rent or lease, you can try out a forklift that you are thinking of buying, without having to commit. 

One con of renting or leasing a forklift is that there is a higher long-term cost. In many cases, leasing can be more expensive than buying, and renting is even more expensive than leasing. These options are best for short-term needs. 

Buying a Forklift

If you have a long-term need for a forklift, you may want to consider purchasing the machinery. This way, you will have it when you need it, and you won’t be spending more over the long term as you would with leasing or renting. 

The good news when it comes to purchasing a forklift is that you can finance the machinery. You can expect to make a down payment and then make a monthly payment over about five years. 

While purchasing a forklift will save you money in the long run, leasing allows you to upgrade your forklift every few years as technology is updated. It is best to speak with the experts at Trupar America to see which option will best suit the needs of your company. 

Forklift Services in Pittsburgh

Whether you are looking to rent, lease or buy, or are in need of forklift repairs, Pittsburgh’s Trupar America has you covered! Contact us today to learn more. 

Labels:

Comments

  1. accesstowingApril 7, 2021 at 12:48 AM

    I liked your work and the way in which you have shared this article here about Truck service. It is a beneficial and helpful article for us. Thanks for sharing an article like this.Tow Truck Service in Edmonton

    ReplyDelete

Post a Comment

Popular posts from this blog

How to Buy the Right Forklift

When shopping for a forklift, it is crucial to purchase the right one for your business. Without the right forklift, there can be a negative effect on productivity, operation costs, employee morale, and stock management. With a wide range of forklifts out there, each designed for a specific job, it is important to understand what you need when searching for “forklifts for sale near me.” Determining the Type of Forklift, You Need for Your Business There are several vital factors you need to consider when shopping for the right forklift, including: Load Size/Capacity Choosing a forklift that does not meet load capacity requirements would be a major mistake. When looking at forklifts, be sure to determine: •    Average load weight •    Type of stock the forklift will be handling •    Width of your loads •    Weight of the heaviest load you will need to lift It is also important to know the type of load the forklift will be handling to determine if yo...
6 comments
Read more

Forklift Safety Checklist

  At Trupar America, we recommend using a forklift checklist to your operator, and managers ensure that safety programs remain on track. If you are already using a checklist, take the time to compare yours to the list we are presenting.  If you have not yet implemented the use of a checklist, consider reviewing the list below and adapting it to your needs so it can be easily integrated as a mandatory part of your team’s daily routine.  Visual Equipment Inspection Checklist Check the forklift for any apparent problems or missing components. Check the floor and work area for any hazards or obstacles. Check for overhead obstructions that could catch on or interfere with the overhead guard. Confirm that the fire extinguisher is present in the work area and that it is charged and working.  Inspect the battery and cable for a charge and tight connections. Check fluid levels for oil, fuel, and radiator fluid.  Check all chain anchor pins. Make sure the wheels and tires...
Read more

How to Properly Store a Forklift

Whether you are closing down temporarily or operating at a decreased capacity, your forklift operation may have decreased or stopped completely. This means you need to ensure your forklifts are stored properly so they remain in good condition.  At Trupar America, we've put together some tips on how to store your forklifts for extended periods of time, such as during inclement weather, shutdowns, or to accommodate seasonal needs.  Start By Cleaning Your Forklift Before you store your forklift for an extended period, you need to thoroughly clean the unit. Make sure to remove any debris or mud from the unit. This will help prevent you from having to deal with hardened dirt and debris when it comes time to take the unit out of storage.  Also, this will also help prevent unnecessary downtime or repair and service costs to get the unit back into working order.  Additionally, you want to clean the forklift battery. This should be done at least twice a year or every six mont...
Read more