Renting can be a good options for some, but it isn’t for everyone. Check out these five reasons you should consider purchasing a forklift rather than renting or watch the video below on Renting vs. Buying:
1. It will get a LOT of use.
Similar to rental cars, some rental plans charge by the hours of use. If you plan to use your rental 8+ hours a day, every day, you may want to look into different financing options.
2. You’re going to need the forklift for a long period of time.
The average forklift rental is a few months. Anything longer than that can start to diminish an ROI and you may be better off financing the purchase of the forklift. Keep a log of your costs and talk to your local Toyota forklift dealer
to decide which option is best for you, long-term.
3. You work in a rugged application.
Rugged applications take their toll on forklifts. With a rental, you are expected to return it in the same condition in which you received it. You are liable for any damages. If you work in a rugged application where your forklift is likely to take a beating, consider purchasing a forklift. That way, you are not liable for various scratches, dings and dents rugged applications are known for.
4. You want to be able to take a tax-deduction.
Renting a forklift does NOT allow a tax-deduction, but purchasing one might. Talk to your controller and your local Toyota forklift dealership
to learn what tax-implications come with your forklift.
5. You need unique options for a specific application.
Most rental fleets do not carry specific, unique options or models such as the Paper Roll Special
or the Box Car Special
. A typical rental forklift is a standard forklift without any bells or whistles. If you are looking for something more customized for your application, you may want to consider your financing options. However, some dealerships take in specialty models off-lease, so always check with your local Toyota forklift dealership
If any of the five statements above are true, you should consider buying a forklift instead of renting one. For more information or for questions, contact your local Toyota forklift dealership by using the dealer locator tool
Request A Quote or for pricing, parts & more, click here to find a dealer near you.