Buying vs Hiring a Forklift: Which is Right for You?

Forklift trucks are essential for many warehouse owners across the world. Regardless of the size of your premises, a forklift is an incredibly useful asset to have. Not only do they increase productivity and improve efficiency, but they also make the jobs of your warehouse workers far easier, thus boosting morale and lowering the chance of injury.

However, depending on the budget you have, it might not be feasible for you to buy brand new forklifts and you might not have the funds to purchase your own used forklift. A worthwhile option in that case would be forklift hire. Many warehouse owners opt for this solution to get the job done, especially during busy or peak times, such as at Christmas. But which option is really best for you – buying a forklift or renting a forklift?

Why hire a forklift?

Hiring a forklift is often seen as one of the best options if you need to expand your fleet for a set period of time. Whether you need it for the long or short term, Multy Lift has flexible, transparent and affordable forklift rental contracts for you to choose from. It’s never been easier or more advantageous for a warehouse owner to choose forklift hire from us here at Multy Lift over purchasing a forklift, especially if you’re looking to boost productivity whilst keeping costs down.

Benefits of hiring a forklift

• The initial cost is far cheaper than purchasing a forklift outright
• You’ll experience an increase in work output and a boost in employee morale as their jobs are made far easier with the implementation of additional equipment
• The fixed cost will help a warehouse owner to budget accordingly, without having to take into account unexpected maintenance or repair costs
• You’ll be able to acquire forklifts that are state-of-the-art and highly-advanced; something that you won’t experience if you buy a forklift as they’re exceptionally expensive, so it really depends on your individual budget
• You’ll always be given the option to upgrade your equipment as and when your goals and needs change
• It can offer temporary relief when it comes to tackling busy periods or replacing equipment that has broken down until it can be repaired

Why buy a forklift truck

There are several benefits to buying a forklift outright, whether you choose to purchase a new forklift or buy a used forklift. It can be a hugely worthwhile investment for your business, especially if you’re looking to purchase more than one.

Where this largely depends on the size of your premises, having more than one will see great improvements when it comes to productivity and overall work output. If you have the funds and flexibility to be able to buy your equipment outright, then it’s usually the best thing to do for several reasons, as listed below.

Benefits of buying a forklift

• It’s another asset that will become associated with your business, thus adding value
• You’re free to use the forklift as you deem fit, without restrictions or rules to follow and damages to worry about
• It can reduce costs in the long run depending on what it is you’re using it for. If you need it for the foreseeable future and you see it as a valuable addition to your warehouse, you’ll soon reap the rewards financially
• It can benefit staff training in the sense that your operators will become used to one particular type of forklift, making them more confident and more efficient when it comes to driving and operating the machinery
• Buying a used forklift will save you money and help to lower your carbon footprint, something many customers find attractive in a business these days

Multy Lift are experts in the material handling industry, with a wealth of knowledge to draw upon. We pride ourselves on imparting specialist advice and providing excellent solutions to our customers throughout the UK. Whether you wish to buy a new forklift, purchase a used forklift or hire a forklift, we’ll have an option that’ll suit your requirements. We’re even able to offer new and used warehouse equipment, including reach trucks, order pickers, pallet trucks and more. For more information about how we can help you today, get in touch with a member of our team – we’re always happy to hear from you.