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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. 

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